Chris Riegel discusses how artificial intelligence (AI) and robotics are transforming labor, citing modest IBM layoffs but predicting heavy impacts in large retail. Advanced robotics in Chinese auto manufacturing drives cost efficiency, and AI combined wi

Chris Riegel discusses how artificial intelligence (AI) and robotics are transforming labor, citing modest IBM layoffs but predicting heavy impacts in large retail. Advanced robotics in Chinese auto manufacturing drives cost efficiency, and AI combined with robotics enhances manufacturing capability. While seeing demand, Riegel notes characteristics of a bubble, especially in wildly overvalued stock prices, fueled by vast investment in AI data centers. In QSRs and retail, AI adoption is driven by efficiency and, in places like California, high minimum wages.