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Bill Gross bets AI can help mass-produce 1 million new startups and 100 million new jobs

Also: All the news and watercooler chat from Fortune.

Sources (1)· Oct 19, 9:34 AM

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Asian shares are mixed with tech stocks volatile, and oil falls on Trump's Russian sanctions waiverAsian shares are mixed as the volatility in technology stocks persists. U.S. futures have edged higher ahead of another week of American corporate earnings. A sell-off of technology shares from Asia to Wall Street has recently put downward pressure on stock markets, as investor concerns grow over the sustainability of the artificial intelligence boom.…
Consumer apprehension grows as US retailers adopt AI-assisted pricing toolsU.S. consumers are uneasy about the increasingly high-tech ways that restaurant chains and major retailers are setting prices. Digital price tags are replacing paper ones in grocery aisles. Artificial intelligence tools help businesses decide what to charge by predicting how customers might respond. Terms like “dynamic pricing” and “surveillance pricing”…

Since

Democrat Mega-Donor Eric Schmidt's Anthropic Stake Could Add $10 Billion to His FortuneEric Schmidt, the former Google chief executive and Democrat mega-donor, holds a one percent stake in Anthropic that traces back to an early investment of millions in the AI startup. This stake could add up to $10 billion to Schmidt's net worth when the company notable for its AI doomer messages goes public. The post Democrat Mega-Donor Eric Schmidt’s…

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