In other news, AI has been found to have racist tendencies, with scientists and founders working to correct this issue. Tesla has announced more layoffs, and Medium is cutting its cloud spend. Customer feedback surveys are becoming increasingly common, but their effectiveness is questionable. Finally, despite rising inflation, consumers appear to be spending more, a phenomenon experts are calling "hate spending."
Key takeaways:
- The youngest boomers, or "peak boomers", are retiring with less preparation and fewer assets than their older peers, with many expected to rely on Social Security as their primary source of income.
- Peak boomers' retirement struggles could serve as a wake-up call for younger generations, who are also likely to face retirement without the safety net of a pension.
- AI has a racism problem, with faulty facial-recognition AI leading to wrongful arrests. Scientists and founders are working to fix this issue.
- Customer feedback surveys are being used by companies as a cheaper way to try to retain customers, but the results are often ignored or not used effectively.