Tech News
Elon Musk confidant James Murdoch becomes the latest Tesla insider to sell, cashing in $13 million amid the historic single-day plunge

The estranged son of Australian media mogul Rupert Murdoch exercised some of his stock options, contributing to the worst single-day loss for Tesla since September 2020. Read More
Tech News
Tech leaders at Anthropic, IBM, and Meta warn that AI is coming for software developer jobs

- Tech leaders are sounding the alarm that within months, AI will be doing all new coding and programming—but there’s conflict when it comes to timing and impact.
Anthropic CEO Dario Amodei had a bold prediction this week that could kill thousands of jobs in software development, an industry that has historically boasted of record growth.
In just three to six months, AI will be writing 90% of all the code produced, Amodei tells the Council on Foreign Relations. “In 12 months, we may be in a world where AI is writing essentially all of the code.”
Programmers will still need to be around to dictate specific conditions, parameters, and goals, but he says that too may soon be outsourced to technology.
“As long as there are these small pieces that a human programmer needs to do—(that) the AI isn’t good at—I think human productivity will actually be enhanced,” Amodei says. “But on the other hand, I think that eventually all those little islands will get picked off by AI systems.”
While he adds that AI will eventually be able to do everything humans can, not all is lost. It will usher in an era of deep thinking on how to make human capital the most resourceful.
“We need to think about usefulness and uselessness in a different way than we have before,” he says. “Our current way of thinking has not been tenable.”
However, not everyone agrees with Amodei’s stark assessment.
Even CEOs are divided on the impact of AI on the tech industry
IBM’s CEO Arvind Krishna has a more conservative outlook, telling a crowd at SXSW on Tuesday that he disagrees with Amodei’s timeline and result.
“I think the number is going to be more like 20-30% of the code could get written by AI—not 90%” Krishna says.
There are simple use cases where, yes, automated programming makes sense, but there is an equally complicated number where it doesn’t make sense, he adds.
Krishna is also bullish when it comes to programmers. Because AI can dramatically scale up a programmer’s productivity, it can lead to even greater company gains.
“History has shown that the most productive company gains market share, and then you can provide more products, which lets you get more market share,” he says.
Mark Zuckerberg has expressed a similar sentiment. In an earnings call in January, he said that 2025 would be the year a software engineering AI agent will have “coding and problem-solving abilities of around a good mid-level engineer.” Though dramatic change may not happen until next year, he hopes Meta is the company that will be able to usher in the innovation.
At Google, more than 25% of the company’s new code is already being produced by AI, according to CEO Sundar Pichai.
However, Google is one of several big names in tech that have had a recent massive shedding of their workforce. Intel and Tesla are also among those that have cut over 10,000 employees in the last two years. The U.S. Bureau of Labor Statistics predicts the field of software development will grow by 17% between 2023 and 2033.
This story was originally featured on Fortune.com
Tech News
Couples most likely to divorce share a common economic trait, research shows

Conflict, infidelity, and lack of intimacy are some of the top causes of divorce. But new data compiled by Divorce.com, shared with Fortune ahead of its publication on the website, shows another factor: a woman being the main breadwinner.
Regardless of whether the household has one or two incomes, a female main earner in a heterosexual marriage is associated with a divorce rate that is three times higher (31 vs. 11 per 1,000) than marriages with a man who earns more.
Further, in single-income homes with female breadwinners, the divorce rate is twice as high (54 vs. 20 per 1,000).
Female breadwinners, the findings continue, represent just 16% of all households—but account for 42% of divorces, “highlighting a significant imbalance.”
The data is based on the 212,000 respondents of the Census’s American Community Survey from between 2012 and 2023, all of whom had filed for divorce at the time of the survey. It was collected from all 50 states, included respondents from 18 to 99, and reflected U.S. income distribution, with 75% reporting income below $100,000 ad 11% reporting incomes above $150,000.
The pattern appears to have held for over a decade, as data from 2013 shows female earners accounting for 41% of divorcing households while only making up 17% of all U.S. households.
That’s when University of Chicago professor of economics Marianne Bertrand co-wrote a working paper exploring the topic. She saw the divorce-rate gap as a grim societal reality, as a woman outearning her husband was found to cause unhappiness in a relationship, she found, and even “doom” the marriage.
“The notion that a man should earn more than his wife not only impacts marriage rates, the researchers show, but also influences how much a married woman works outside the home and how household chores are divided,” a press release on the research noted. “Moreover, women who deviate from that norm pay a social price.”
Divorce.com CEO and founder Liz Pharo, though, believes that such a divorce gap could be evidence of empowerment.
“In previous generations, success for women was usually measured by marriage and family stability, but today, career achievements and personal fulfillment outside of traditional roles are more central,” Pharo tells Fortune. “Women are no longer financially dependent on their partners, which means they’re more willing to leave unsatisfied marriages instead of staying out of necessity.”
The finding is not even uniquely American, as a 2024 data analysis of couples in France found that, all other things being equal, “couples in which the woman’s share of the couple’s total income is higher than 55% are significantly more unstable than other couples. They are from 11 to 40% more at risk of union dissolution than equal-income couples, and the risk of union dissolution increases with the woman’s share of couple’s total income.”
In the U.S., the share of married women who were earning at least as much as their husbands had more than tripled in the past five decades as of 2023, Pew Research found. Husbands, it discovered, were the breadwinners in 55% of marriages, while 29% of couples were earning about the same and 16% earned more than their spouse.
“Women are gaining economic influence within their marriages,” Carolina Aragão, a Pew research associate and author on that research, told Fortune at the time.
But despite sometimes earning more than their husbands, Pew found, married women spent more of their downtime on childcare and household chores than the men, with one exception: when the woman was the sole breadwinner.
That imbalance could also play a role.
“Modern women have higher expectations for emotional and personal fulfillment in relationships, leading to a lower tolerance for unhealthy or imbalanced partnerships,” says Pharo. “Divorce isn’t as stigmatized as it once was. Women, especially those who are financially independent, feel more empowered to walk away from marriages that don’t serve their emotional wellbeing.”
More on relationships:
- Financial disagreements are a strong predictor of divorce. These 2 tips can help you talk about money with your partner
- Conflict with your partner can have long-lasting effects on your health. Here’s how to have better disagreements
- The longest, healthiest marriages have these 6 defining traits
This story was originally featured on Fortune.com
Tech News
Amid Trump’s latest tariff threats, the S&P 500 tumbles into correction territory just three weeks after smashing record highs

- The S&P 500 entered into a correction Thursday three weeks after hitting record highs following Trump’s 200% tariff threats to European wine and champagne. While inflation cooled in February, the news wasn’t enough to save the S&P from falling 10%.
The most popular index fell into a correction Thursday amid concerns regarding President Donald Trump’s latest tariff threats, the most recent inflation data, and a materializing government shutdown.
The S&P 500 dipped 1.4% Thursday, more than 10% below the all-time high the index reached just three weeks ago, falling into correction territory. Wall Street deems a market correction as an index falling more than 10% from a recent peak.
Additionally, the tech-centric Nasdaq Composite, slid nearly 2% and is already into correction territory as of last week. The Dow Jones Industrial Average dropped nearly 550 points, a 1.3% slip.
“I think what the markets are telling us is that they are very concerned about the potential for a recession,” Invesco chief global market strategist Kristina Hooper at told the New York Times. “That is certainly not what markets expected going into 2025.”
The most recent inflation data suggests that prices are cooling off after the consumer price index increased a seasonally adjusted 0.2% for February, sticking inflation at 2.8%, according to the Department of Labor.
Cooling prices aren’t a cause for celebration, as Trump’s most recent tariff threats bring inflationary worries to Wall Street.
Early Thursday, Trump warned of 200% tariffs on European wine, champagne, and other spirits in a tit-for-tat retaliation to the European Union’s announcement that the bloc would levy duties of 50% on U.S. whiskey and bourbon. The EU tariffs were in retribution for Trump’s worldwide tariff of 25% steel and aluminum.
“In only a few weeks, the broader market has gone from record highs to correction territory,” chief technical strategist at LPL Financial Adam Turnquist said in a note obtained by CNN. “Tariffs uncertainty has captured most of the blame for the selling pressure and is exacerbating economic growth concerns.”
The mounting fear of a government shutdown is adding to investor skepticism. Senate Democrats are looking to block a Republican spending bill to stave off a shutdown and have asked the GOP to accept a blue plan to supply funding until April 11.
While Wall Street hopes for market stability, it looks like tariff troubles will remain as Trump told reporters that he wouldn’t consider Canada for tariff amnesty.
“I’m sorry, we have to do this,” he said.
This story was originally featured on Fortune.com
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