Good morning. It's Tuesday, May 5, and we're covering whether AI-driven job loss fears are overblown, how schools are scrambling to adapt writing in the age of AI, and Anthropic’s big push to bring its models into Wall Street.

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Anthropic Partners With Wall Street to Deploy AI Systems
A new firm aims to solve how quickly evolving AI models are actually put to work inside companies, not just built. Anthropic is teaming with Blackstone, Goldman Sachs, and others to help businesses integrate its Claude model into operations. Anthropic, Blackstone, and Hellman & Friedman are each investing $300 million, with Goldman contributing about $150 million, alongside firms like Apollo Global Management and Sequoia Capital.

NVIDIA China Share Collapses as Export Controls Backfire
Jensen Huang says NVIDIA now has effectively zero share of China’s AI accelerator market, a sharp reversal from its prior dominance. Huang argues U.S. export restrictions have cut off sales and unintentionally accelerated China’s domestic chip ecosystem. Bernstein previously projected NVIDIA’s China share falling from 66% in 2024 to about 8%, as local players move to meet up to 80% of demand. Chinese firms including Huawei and Cambricon are expanding hardware and software, while NVIDIA’s CUDA platform remains one of the few U.S. advantages still in use.

Oscars Bar AI Acting and Writing from Awards
Academy of Motion Picture Arts and Sciences rules that only human-performed roles and human-written screenplays qualify for Oscars, even as AI tools spread across filmmaking. The Academy clarifies that films can still use generative AI, but acting nominees must be “demonstrably performed by humans” and scripts must be human-authored. The decision follows rising use cases, from digital recreations like Val Kilmer in planned projects to earlier examples involving Peter Cushing and Ian Holm. The policy leaves room for AI-assisted effects, provided core creative credit remains human.

Cerebras Targets Multibillion IPO To Challenge AI Chip Rivals (Paywall)
A lesser-known AI chipmaker is aiming for one of the largest tech IPOs despite intense competition from dominant incumbents. Cerebras Systems plans to raise up to $3.5 billion by offering 28 million shares priced between $115 and $125, according to its filing with the U.S. Securities and Exchange Commission. Including an overallotment option, the offering could reach $4.03 billion, positioning Cerebras to expand its data center and chip operations. The company had previously withdrawn an earlier registration before publicly filing an updated prospectus.

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Ezra Klein examines widespread fears that artificial intelligence will trigger mass unemployment, noting that 70% of Americans now expect fewer job opportunities. While tech leaders predict sweeping automation of white-collar work, current economic data shows stable unemployment (4.3% in March 2026) and continued demand for roles like software engineers.

Economists argue the debate overlooks a key factor: scarcity shifts, not disappears—AI may make knowledge abundant but increase demand for human-centered services. Historical examples, from spreadsheets to industrial coal use, suggest technology often expands jobs by lowering costs and unlocking new demand. The more plausible risk, Klein writes, is uneven, smaller-scale displacement that harms specific groups without triggering large-scale policy responses. → Read the full article here. (Paywall)

Dana Goldstein details how widespread student use of artificial intelligence is reshaping writing instruction across U.S. schools and colleges. As AI tools make take-home essays difficult to monitor, many educators are shifting to in-class writing—often handwritten—to ensure authenticity and rebuild critical thinking skills.

Surveys show AI use for schoolwork rose from 48% to 62% of students in 2025, with a third using it to draft or revise writing. Teachers describe both concern over diminished originality and a growing need to teach responsible AI use alongside traditional skills. The result is a rapid, system-wide pivot toward more controlled, human-centered learning environments. → Read the full article here. (Paywall)

Panthalassa Raises $140M for Wave-Powered Data Centers: Oregon startup secures Series B led by Peter Thiel, building 85-meter nodes that generate electricity from waves, cool AI hardware with seawater, and transmit data via satellite.

Neocloud Providers Reject Google TPUs (Paywall): Executives from Nebius, Lambda, and CoreWeave say demand overwhelmingly favors NVIDIA GPUs, despite Google opening TPU sales.

Musk Texts Escalate OpenAI Lawsuit: Court filing claims Elon Musk warned Sam Altman and Greg Brockman they’d become “most hated” if no settlement; judge ruled texts inadmissible as legal battle continues.

Sierra Raises $950M for Enterprise AI: Bret Taylor’s startup hits $15B valuation after rapid growth to $150M ARR, betting on agent-driven customer service as enterprises absorb rising AI deployment costs.

Vine Returns as Human-Only Platform: Jack Dorsey backs Divine, reviving six-second videos with strict human-made content rules and 500,000 archived clips, positioning it against rising AI-generated “slop” on major platforms.

Hyundai Pushes Boston Dynamics Robot Ramp: Report says Hyundai is pressuring for “tens of thousands” of Atlas robots as leadership exits and production lags at a few units monthly despite plans for 30,000 annually.

Thanks for reading. See you next time!

— Matthew Berman, Nick Wentz & the Forward Future Team