Morgan Stanley

Wall Street doesn’t sound alarms. Banks prefer “cautiously optimistic” and “we see tailwinds.” So when Morgan Stanley publishes a report essentially saying a massive AI breakthrough is coming in months and the world isn’t ready, pay attention. Then Reuters dropped Thursday’s bombshell: Meta is planning layoffs affecting 20% or more of its workforce — roughly 15,000 people — to offset staggering AI infrastructure costs. These aren’t separate stories. One is the prediction. The other is the proof. ...

When billionaires start worrying about their children’s job prospects, the rest of us should probably pay attention. “What will our kids do?” That’s the question Morgan Stanley analyst Adam Jonas — the bank’s first-ever “global embodied AI strategist” — says was the single most common thing investors asked at last week’s TMT Conference in San Francisco. Not revenue projections. Not competitive moats. What happens to the next generation of workers. ...