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AI hype is crashing into reality. Stay calm


Between Nvidia's recent earnings and OpenAI's underwhelming GPT-5, it's clear AI is entering its "meh" era. That's good news for everyone.

A study of AI's effects on the demand for foreign translators by Frey and fellow Oxford economist Pedro Llanos-Paredes, published earlier this year, concluded that the technology was having a small but provable impact on these jobs. The company, which sells the valuable chips on which AI is trained and run, has become something of a bellwether for the entire artificial intelligence boom and counts some of the biggest tech giants as key customers. When Tim Cook steps onstage next week, don't be surprised if he and other executives strike a more measured tone when talking about AI, as they pull back the curtain on the latest lineup of devices.

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