job displacement

Microsoft argues AI agents require their own software licenses, potentially boosting per-seat licensing demand and creating growth opportunities despite sector pessimism.

Trump's tariff hikes and AI automation concerns spur market volatility. Investors shift toward defensive stocks with stable cash flows and tariff resilience.

Fed Governor Barr warns AI is already displacing entry-level workers in software and customer service roles, raising concerns about near-term labor market disruption despite long-term productivity gains.