DeepSummary
The upcoming total solar eclipse across North America is expected to generate up to $6 billion in economic activity, driven by millions of people traveling to cities along the path of totality to witness the once-in-a-lifetime event. Businesses are capitalizing on the eclipse frenzy, offering themed food items, flights tracking the eclipse path, and ticketed viewing events.
The March jobs report showed continued strength in the US labor market, with 303,000 jobs added and the unemployment rate dipping to 3.8%. The expanding labor force and moderate wage growth suggest the economy is running hot without overheating inflation concerns. However, the robust data could impact the Federal Reserve's plans for potential interest rate cuts later this year.
As AI systems grow more powerful, tech companies are scrambling to find new sources of high-quality data to train their models, as the internet's existing content is becoming depleted. Companies are exploring legally questionable methods like transcribing copyrighted YouTube videos, as traditional sources like news articles and Wikipedia pages run dry.
Key Episodes Takeaways
- The upcoming total solar eclipse is expected to generate up to $6 billion in economic activity for the US.
- Companies are offering a range of eclipse-themed products and services to capitalize on this rare event.
- The March US jobs report showed continued labor market strength with 303,000 jobs added.
- Moderate wage growth and an expanding labor force suggest the economy is running hot without overheating inflation.
- Robust jobs data could impact the Federal Reserve's plans for potential 2023 interest rate cuts.
- AI companies are running out of high-quality online data to train their language models as internet content is depleted.
- Firms are exploring legally dubious methods like transcribing copyrighted videos to find new training data sources.
- The number of 24-hour restaurants has fallen 18% since 2020 due to higher labor and food costs.
Top Episodes Quotes
- βIt's very funny to me, because over the last few decades, we've heard the. That data is the new oil, and none of us really knew what it meant, because data is such an esoteric thing. It can mean so much and so little. But now, here we are in the age of AI, and data truly is almost a physical resource, like oil, that powers these AI algorithms in order for them to function and to improve.β by Toby Howe
- βOver the last year, they've accounted for 1.5 million of the 2.9 million jobs the US has gained. So they are. These two industries account for more than half of the job growth, and we'll see whether that can continue.β by Neil Freiman
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Episode Information
Morning Brew Daily
Morning Brew
4/8/24
Episode 296: Neal and Toby prepare for the biggest event under the Sun. Well, it actually IS the Sun. The solar eclipse is estimated to bring in billions of dollars into the economy. Then, a recap of the March jobs report that shows signs that the labor market is strong and healthy. Also, the rapid advancement of AI is possibly going too fast for its own good as internet data is becoming dried up. Next, the weekendβs biggest winners. Meanwhile, 24-hr restaurants are closing up their doors. Lastly, what to know ahead of this week to get your Monday started in the right direction.
00:00 - Intro
2:45 - Solar eclipse economy boom
7:15 - Jobs are growing! Again
11:00 - The internet is too small
14:30 - Weekend winners
19:30 - 24-hr restaurants are closing
22:00 - The week ahead
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