Paramount’s merger with Skydance has already brought about mass layoffs, including at CBS News, where Free Press founder Bari Weiss is leading a cultural overhaul as editor in chief. In January, Oracle became a partial owner of TikTok, giving the Ellisons even more cultural currency.
“Declines in labor-based tax receipts could offset or exceed other AI-related tax gains,” Moody’s notes, echoing similar calls from the IMF that fiscal policy include progressive taxation and social protections to mitigate AI-related budgetary impacts.
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