Rapid Advancement of AI Applications Across Sectors
MIT study finds AI could replace 11.7% of US jobs; Nvidia shares drop as Meta considers Google's AI chips amid rising industry competition.
A recent study by the Massachusetts Institute of Technology indicates that AI can already replace 11.7% of the US workforce, equivalent to as much as $1.2 trillion in wages across sectors such as finance, healthcare, and professional services. In industry developments, Nvidia's shares fell by 4% after a report suggested that Meta is evaluating the use of AI chips developed by Google. This move reflects intensifying competition in the AI semiconductor market. Leading companies are steadily incorporating advanced AI features into their offerings.
Sources & References
NBC News - ScienceDaily
Editorial Note
Edited & Reviewed by the Ecopulse Editorial Board 1/26/2026, 14:25:47 UTC
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