• Amazon's CEO, Andy Jassy, says AI will transform jobs at the company.
• The tech will create new jobs in robotics and AI, despite automating some existing roles, he said.
• Amazon has 500 open robotics roles on LinkedIn.

AI isn't all doom and gloom for jobs, said Amazon's Andy Jassy.

In an interview with CNBC published on Monday, the Amazon CEO deemed AI "the most transformative technology in our lifetime." He said that it would change things not only for Amazon customers but also for its employees.

Jassy said that AI technologies would create jobs in at least two areas of the company.

"With every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate," he said. "Are there going to be other jobs? We're going to hire more people in AI and more people in robotics, and there are going to be other jobs that the technology wants you to go higher that we'll hire over time too."

Jassy said that AI agents, which do tasks like coding, research, analytics, and spreadsheet work, would also change the nature of every employee's job.

"They won't have to do as much rote work," he said. "Every single person gets to start every task at a more advanced starting spot."

On LinkedIn, Amazon has added at least 500 open roles worldwide with the keyword "robotics" in the job title in the past month. Roles span internships to senior applied scientist positions.

The Amazon robotics senior applied scientist job description includes tasks like "developing machine-learning capabilities and infrastructure for robotic perception and motion" and "building visualization tools for analyzing and debugging robot behavior."

Jassy's comments came in response to a question about his June 17 memo, which outlined how AI would change the company's workforce.

"It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company," he wrote.

Some Amazon employees were not happy with Jassy's message. In internal Slack channels, some called for leadership to share in the fallout, while others saw it as a layoff warning, Business Insider reported.

"There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years," one person wrote in Slack.

Amazon employs about 1.5 million workers, according to its website, and has cut almost 28,000 jobs since the start of 2022, per Layoffs.fyi.

From Jassy's memo and Monday's interview, it is unclear which or how many Amazon employees would be affected by AI-driven job changes.

Other tech CEOs have raised the alarm on AI-related job cuts, especially for white-collar and entry-level roles.

In April, Micha Kaufman, the CEO and founder of the freelance-job site Fiverr, wrote in an email to employees that: "It does not matter if you are a programmer, designer, project manager, data scientist, lawyer, customer support rep, salesperson, or a finance person — AI is coming for you."

In late May, Anthropic's CEO, Dario Amodei, suggested AI could wipe out half of all entry-level white-collar jobs.

"We, as the producers of this technology, have a duty and an obligation to be honest about what is coming," Amodei told Axios in an interview. "I don't think this is on people's radar."

• Microsoft said its medical AI diagnosed cases four times as accurately as human doctors.
• The AI system also solved cases "more cost-effectively" than its human counterparts, Microsoft said.
• The study comes as AI's growing role in healthcare raises questions about its place in medicine.

Microsoft said its medical AI system diagnosed cases more accurately than human doctors by a wide margin.

In a blog post published on Monday, the tech giant said its AI system, the Microsoft AI Diagnostic Orchestrator, diagnosed cases four times as accurately as a group of experienced physicians in a test.

Microsoft's study comes as AI tools rapidly make their way into hospitals and clinics, raising questions about how much of medicine can or should be automated and what role doctors will play as diagnostic AI systems get more capable.

The experiment involved 304 case studies sourced from the New England Journal of Medicine. Both the AI and physicians had to solve these cases step by step, just like they would in a real clinic: ordering tests, asking questions, and narrowing down possibilities.

The AI system was paired with large language models from tech companies like OpenAI, Meta, Anthropic, and Google. When coupled with OpenAI's o3, the AI diagnostic system correctly solved 85.5% of the cases, Microsoft said.

By contrast, 21 practicing physicians from the US and UK — each with five to 20 years of experience — averaged 20% accuracy across the completed cases, the company added. In the study, the doctors did not have access to resources they might typically tap for diagnostics, including coworkers, books, and AI.

The AI system also solved cases "more cost-effectively" than its human counterparts, Microsoft said.

"Our findings also suggest that AI reduce unnecessary healthcare costs. US health spending is nearing 20% of US GDP, with up to 25% of that estimated to be wasted," it added.

"We're taking a big step towards medical superintelligence," said Mustafa Suleyman, the CEO of Microsoft's AI division, in a post on X.

He added that the cases used in the study are "some of the toughest and most diagnostically complex" a physician can face.

Suleyman previously led AI efforts at Google.

Microsoft did not respond to a request for comment from Business Insider.

Will AI replace doctors?

Microsoft said in the blog post that AI "represents a complement to doctors and other health professionals."

"While this technology is advancing rapidly, their clinical roles are much broader than simply making a diagnosis. They need to navigate ambiguity and build trust with patients and their families in a way that AI isn't set up to do," Microsoft said.

"Clinical roles will, we believe, evolve with AI," it added.

Tech leaders like Microsoft cofounder Bill Gates have said that AI could help solve the long-standing shortage of doctors.

"AI will come in and provide medical IQ, and there won't be a shortage," he said on an episode of the "People by WTF" podcast published in April.

But doctors have told BI that AI can't and shouldn't replace clinicians just yet.

AI can't replicate physicians' presence, empathy, and nuanced judgment in uncertain or complex conditions, said Dr. Shravan Verma, the CEO of a Singapore-based health tech startup.

Chatbots and AI tools can handle the first mile of care, but they must escalate to qualified professionals when needed, he told BI last month.

Do you have a story to share about AI in healthcare? Contact this reporter at [email protected].

• Ray Dalio said solving America's debt problem will require a bipartisan solution.
• But Dalio said Republicans and Democrats can't do it "because politics have become so absolutist."
• "To me, that's a tragedy," he added.

Ray Dalio, the founder and former CEO of hedge fund Bridgewater Associates, said on Monday that Republicans and Democrats don't have the political will to reduce the country's national debt.

"There is no way that the deficit/debt bomb problem can be sustainably dealt with unless there is a mix of tax revenue increases and spending decreases that are determined in a bipartisan way," Dalio wrote in an X post on June 30.

Dalio said in his post that both Republicans and Democrats know they have to cut the deficit by raising taxes and cutting spending. This "would lead to a supply/demand balance improvement for US debt which in turn would lower interest rates," he added.

Dalio said lower interest rates would "reduce the budget deficit" and "help the markets and the economy."

"But because politics have become so absolutist, they feel they can't go down this obviously best path because both their constituents and their parties will throw them out of office if they explored this more balanced approach," Dalio wrote on X.

"To me, that's a tragedy," he added.

A representative for Dalio did not respond to a request for comment from Business Insider.

This isn't the first time Dalio has warned about the ramifications of leaving debt levels unattended. In February, Dalio told attendees at the World Governments Summit in Dubai that the US could suffer the financial equivalent of a "heart attack" if debt continued to soar.

Then, in March, Dalio said he had met House Budget Chair Jodey Arrington and other House Republicans to discuss the national debt. Dalio said after the meeting that there was a "pretty broad recognition" among attendees that the deficit needed to be reduced to around 3% of US GDP.

The federal government spent $6.75 trillion in the 2024 fiscal year but only collected $4.92 trillion in revenue. The resulting deficit of $1.83 trillion was $138 billion higher than the previous fiscal year's.

Dalio isn't the only business leader who has sounded the alarm on the US debt problem.

Elon Musk, the CEO of Tesla and SpaceX, has sharply criticized President Donald Trump's "One Big Beautiful Bill" for worsening the country's debt situation. Musk was a prominent financial backer of Trump and used to lead the administration's cost-cutting outfit, the White House DOGE Office.

But Musk broke with Trump just days after he announced his departure from DOGE on May 28. Musk called Trump's bill a "MOUNTAIN of DISGUSTING PORK" on June 5 before walking back his attacks the following week.

Musk, however, resumed his attacks on the bill over the weekend. The bill is pending a vote in the Senate, and GOP lawmakers hope to send it to Trump's desk by July 4.

"It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country — the PORKY PIG PARTY!!" Musk wrote in an X post on Monday.

Elon Musk again blasted President Trump's signature spending bill Monday as the Senate worked through a marathon amendment session to send the measure to the Oval Office by July 4.

The latest: Hours after Musk threatened to form a new political party if the "big, beautiful bill" passed, Trump claimed early Tuesday the Tesla CEO "may get more subsidy than any human being in history" and suggested he may have DOGE, which the Tesla CEO once spearheaded, take a "good, hard, look" at the businesses the billionaire has government contracts with.

Why it matters: The relationship between Trump and Musk — once a ubiquitous figure in the White House and at DOGE — imploded over the president's "big, beautiful bill."

• "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!!" Musk wrote on his social media site X.
• "Time for a new political party that actually cares about the people," the world's richest man added.

What they're saying: In a separate post, Musk doubled down on his rhetoric, saying every member of Congress who votes to pass the bill should "hang their head in shame."

• "[T]hey will lose their primary next year if it is the last thing I do on this Earth," Musk said.
• In a post later Monday, Musk said, "If this insane spending bill passes, the America Party will be formed the next day."
• He added that the country needs "an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE."

Of note: The White House initially responded to Musk's comments by pointing to Trump's remarks to Fox News over the weekend saying that the world's richest person was upset the bill would end subsidies for EVs.

• "I think Elon is a wonderful guy, and I know he's going to do well, always. He's a smart guy," Trump said in the interview.

Friction point: Musk, who slashed and burned through federal agencies atop the Department of Government Efficiency, has repeatedly decried the size of Trump's spending package, now estimated to add more than $3 trillion to the national debt.

• The rupture spilled over into an open feud earlier this month, with Musk lashing out at Trump in a series of X posts, which he later walked back.
• Musk, who claimed credit for Trump's reelection, had floated the idea of founding a new political party in an X poll of his readers June 5.

More from Axios:

• Trump threatens to cancel Musk's government contracts
• Musk talked with Trump before tweeting regrets about feud
• Deficit hawks hate the latest version of the "big, beautiful bill"

Editor's note: This story has been updated with additional reporting, including details of President Trump's Tuesday morning post to Truth Social.

• X's new head of product, Nikita Bier, said he got the job by posting his way to the top.
• Bier said he spends "every waking hour" on X.
• In 2022, he tweeted at Elon Musk asking for the product head role.

Here's how X's new head of product said he got the job: "I've officially posted my way to the top."

Nikita Bier, a Los Angeles-based entrepreneur, posted a picture on X on Monday with the platform's owner, Elon Musk, writing about how he landed his new appointment.

"While I already spend every waking hour on this app, I'll now be spending that time helping others unlock that same value," he said in the post.

Musk reposted Bier's announcement with the caption, "Welcome to X!"

The appointment was a long time coming for Bier — he has had his eye on the role for more than three years. In April 2022, shortly after Musk took over X — which was then called Twitter — Bier tweeted at Musk asking for the role: "@elonmusk Hire me to run Twitter as VP of Product."

"Twitter has the potential to be the leading messenger, groups app & content creation tool," he said in the post.

Shortly after his appointment on Monday, Bier added the comment "Never give up" to his old post.

Bier worked as a Meta product manager from 2017 to 2021. He cofounded tbh, an anonymous polling app for teenagers, which was acquired by Facebook in 2017. Less than a year later, Facebook shut down the app, citing "low usage."

Bier also cofounded Gas, a social media app similar in function to tbh. Discord acquired it in January 2023 and shut it down in November.

Along with being a serial entrepreneur, Bier is also a serial poster. He posts on X several times daily and has garnered a following of over half a million on the app.

Over the years, he has provided Musk with product advice on X. In January 2023, Bier wrote that he would pay Musk $100 to "revert all product changes back" to what they were before he acquired Twitter.

Representatives for X did not respond to a request for comment from Business Insider.

An Iran-linked cyberattack group that hacked President Trump's 2024 campaign is threatening to release another trove of emails it has stolen from his associates, including White House Chief of Staff Susie Wiles and Roger Stone.

The big picture: Reuters first reported the threat on Monday that the Cybersecurity and Infrastructure Security Agency on X called a "calculated smear campaign" — which came the same day as the Trump administration released a report warning that "Iranian Cyber Actors" may target U.S. firms and "operators of critical infrastructure."

• And it came three days after Trump announced he was halting plans to potentially ease sanctions on Iran after Supreme Leader Ayatollah Ali Khamenei claimed U.S. and Israeli airstrikes on Iran's nuclear facilities didn't cause major damage.

Driving the news: Hackers who gave themselves the pseudonym "Robert" told Reuters in online conversations on Sunday and Monday they had around 100 gigabytes of emails involving Wiles, Stone, Trump lawyer Lindsey Halligan and adult film actress Stormy Daniels, and others.

• They spoke of potentially selling the emails, but did not disclose details of the material.
• The Justice Department alleged in an indictment last September against three Iranians in the 2024 Trump cyberattack case that Iran's Islamic Revolutionary Guard Corps oversaw the "Robert" hacking drive.

What they're saying: CISA spokesperson Marci McCarthy said in a statement posted to X in response to Reuters' report that a "hostile foreign adversary" was "threatening to illegally exploit purportedly stolen and unverified material in an effort to distract, discredit and divide."

• McCarthy said the "so-called cyber 'attack' is nothing more than digital propaganda and the targets are no coincidence" and that it's designed to "damage President Trump and discredit honorable public servants" who serve the U.S. with distinction.
• "These criminals will be found and will be brought to justice," McCarthy added.

• Olivia Munn says her breast cancer diagnosis taught her to let go of the "extra baggage" in her life.
• "When I got the diagnosis, immediately, the negative thoughts in my head, I dropped all of that," she said.
• Despite being more common in middle-aged and older women, breast cancer is rising among women under 50.

Olivia Munn, 44, says her breast cancer diagnosis forced her to confront her priorities in life.

On Monday's episode of "Armchair Expert with Dax Shepard," Munn spoke about how her cancer journey prompted her to let go of distractions and focus on the things she truly cared about.

The "X-Men: Apocalypse" actor was diagnosed with breast cancer and underwent a double mastectomy in 2023.

"When I got the diagnosis, immediately, the negative thoughts in my head, I dropped all of that. Because when you are diagnosed with cancer you have one job," Munn told podcast host Dax Shepard.

Munn said her sole focus at that point in time became recovery, and with all her energy dedicated to surviving cancer, she had no room to think about anything else.

"That's all your mind is thinking about, and you're like 'How do I get through this? How do I get through this? How do I live? How do I survive?' Because there's no way to climb Everest with extra baggage on your shoulders," Munn said.

When she recovered, she realized the experience had completely changed her mindset.

"I'm like, oh, now that I got to the other side, I'm not going to — I can't imagine picking it back up," Munn said.

"That's what cancer did for me," she added. "It was literally one step at a time, right, so when I have the thoughts that creep in, I think very quickly and let it go."

Munn isn't the only public figure who has publicly spoken about their cancer journey.

In April 2024, Shannen Doherty had said on her podcast that she was getting rid of some of her belongings after her breast cancer returned as stage 4. Doherty died in July 2024 at 53.

In November, Kathy Bates said that she decided against having reconstruction surgery after getting a double mastectomy in 2012 due to breast cancer.

In the US, breast cancer accounts for about 30% of all new cancer diagnoses in women each year, per data from the American Cancer Society. Although breast cancer mainly occurs in middle-aged and older women, the disease is on the rise among those who are 50 and below.

A representative for Munn did not immediately respond to a request for comment sent by Business Insider outside regular hours.

• Elon Musk reignited his criticism of Trump's "One Big Beautiful Bill" over the weekend.
• Musk had sharply criticized the bill on June 5 but backed away from his attacks just days later.
• Musk has since resumed his attacks and said he will form his own political party if the bill passes.

Elon Musk is not done slamming President Donald Trump's "One Big Beautiful Bill" just yet.

Musk started criticizing Trump's spending bill on June 5 but walked back the attacks just days later. Musk said in an X post on June 11 that some of his remarks on Trump had gone "too far."

But the detente did not last long. The Tesla and SpaceX CEO reignited his attacks on the bill over the weekend and hasn't stopped since.

On Saturday, Musk wrote on X that the president's signature tax bill "will destroy millions of jobs in America and cause immense strategic harm to our country."

"Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future," he continued.

GOP lawmakers hope to send the bill, which is pending a vote in the Senate, to Trump's desk by July 4. Musk, however, said he would defeat politicians who voted for the bill if it passed and form his own political party.

"It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country — the PORKY PIG PARTY!!" Musk wrote in an X post on Monday.

"Time for a new political party that actually cares about the people," he said.

Musk said in a follow-up post, published just an hour later, that any politician who voted for the bill despite campaigning on cutting government spending should "hang their head in shame."

"And they will lose their primary next year if it is the last thing I do on this Earth," he added.

Musk said later that a new party, the "America Party," will be formed the day after the "insane spending bill passes."

"Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE," Musk added.

Musk had long opposed Trump's "One Big Beautiful Bill." In an interview with CBS that aired last month, Musk said he was "disappointed to see the massive spending bill."

Musk said the bill "undermines the work that the DOGE team is doing," the government cost-cutting outfit he led when he was a part of the Trump administration. Musk announced his departure from the White House DOGE office on May 28.

"I think a bill can be big, or it could be beautiful. I don't know if it could be both," Musk told CBS.

Musk's disagreement with Trump over the bill marks a rare break between the two men. Musk had been a prominent backer of Trump's presidential campaign last year, where he spent at least $277 million backing Trump and other GOP candidates in the 2024 elections.

When Musk criticized Trump's bill earlier in June, he took credit for Trump and the GOP's electoral victories in 2024. That was also when he first floated the possibility of forming his own political party.

"Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate," Musk wrote on X on June 5.

"Such ingratitude," he continued.

Musk said in an interview with Bloomberg on May 20 that he had "done enough" political spending and planned to "do a lot less in the future."

"Well, if I see a reason to do political spending in the future, I will do it," he added.

Trump initially expressed disappointment at Musk's behavior but has since taken a more conciliatory tone with Musk. Trump said last week that he still views Musk positively but has not spoken to him much.

"He's a smart guy. And he actually went and campaigned with me and this and that," Trump said in an interview with Fox News' Maria Bartiromo that aired Sunday.

"But he got a little bit upset, and that wasn't appropriate," he added.

Musk and the White House did not respond to a request for comment from Business Insider.

• Canada scrapped a digital services tax after a trade threat from President Donald Trump.
• The tax would have cost US tech firms billions each year and $3 billion in retroactive payments.
• Similar digital taxes also exist in France and the UK, aimed at large digital companies.

US tech giants came close to paying billions to Canada under a new tax law.

Had Canada not halted a digital services tax enacted in 2024 that applies retroactively to 2022, US tech giants would have needed to pay Canada approximately $3 billion upfront on Monday, on top of a 3% levy on all revenue earned from digital services linked to Canadian users going forward.

The Computer & Communications Industry Association estimated that Canada's tax measure would lead to annual losses of between $900 million and $2.3 billion for US firms and could result in up to 3,000 job losses in the country.

In a separate estimate by Canada's Parliamentary Budget Officer in 2023, the DST would generate CA$7.2 billion in revenue for the government over five years, which is about $5.29 billion at the current exchange rate.

The digital services tax, which is a tax on companies that earn revenue in Canada through social media advertisements and other online services, was halted on Sunday after President Donald Trump announced on his social media on Friday that the US would be "terminating ALL discussions on Trade with Canada" over the measure.

Canadian Minister of Finance and National Revenue François-Philippe Champagne will introduce legislation to officially rescind the tax.

US Treasury Secretary Scott Bessent also discussed launching a Section 301 investigation on Canada's tax measure on CNBC on Friday.

"Today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month's G7 Leaders' Summit in Kananaskis," wrote Mark Carney, Canada's Prime Minister, in a statement posted by Canada's Department of Finance.

The tax measure would have applied to tech companies with worldwide annual revenues greater than 750 million euros ($885 million) and Canadian digital services revenue greater than $20 million a year. Services subject to the tax include advertising, social media, and marketplaces, and large tech companies in the US, like Meta, Amazon, and Apple, would primarily be affected.

Canada is the US's second-largest trading partner and the top buyer of US exports. According to the Census Bureau, the northern neighbour bought $349.4 billion in US exports in 2024 and exported $412.7 billion worth of goods across the border. Canada has been spared from some of Trump's highest tariffs, but still faces a 50% duty on steel and aluminum.

Canada is not the first or the only country to propose a digital services tax. Both France and the UK have similar measures aimed at taxing revenue generated by large multinational digital companies.

The White House has restarted trade talks with Canada following the scrapped tax policy.

Carney's office, the White House, Meta, and Apple did not immediately respond to requests for comments.

• Federal Reserve leader Austan Goolsbee smoothed stagflation fears at the Aspen Ideas Festival.
• Goolsbee cited low unemployment and falling inflation as reasons not to panic.
• Despite pressure, the Federal Reserve maintains high interest rates to bring down inflation.

A Federal Reserve leader thinks that fears of stagflation are overblown.

Speaking at the Aspen Ideas Festival in Colorado, the president of the Federal Reserve Bank of Chicago, Austan Goolsbee, pushed back on concerns that recent supply-side shocks, like tariffs and global military conflicts, could trigger a return to an era of double-digit inflation and sky-high joblessness.

Goolsbee said that with unemployment near 4% and inflation around 2.5% and falling, he sees no possibility that tariffs or another supply-side shock could cause actual 1970s-style stagflation in the near term, referring to a time when inflation topped 13% and unemployment exceeded 8%.

"There's definitely the possibility of both things getting worse at the same time," Goolsbee added, referring to inflation and unemployment. "And there you usually say, well, how long is each side's discrepancy going to last? Do you think it's temporary or do you think it's permanent? And how big is each side... that's the way I think about it."

Goolsbee offered no forecast, but his remarks come as the Federal Reserve continues to hold interest rates in an effort to bring inflation back to its 2% target.

While core inflation, which excludes more volatile prices like food and energy, is down from its 2022 peak, it has remained sticky in key sectors like housing and services.

Despite mounting pressure from markets and President Donald Trump to cut rates, Jerome Powell, chair of the Federal Reserve, has said the agency needs to see stronger evidence that inflation is firmly under control, especially after several months of higher-than-expected price indexes earlier this year.

In a post on Monday, Trump called the chair "Jerome 'Too Late' Powell" and said that people in the US "should be paying 1% Interest" in a social media post. The Trump administration is also looking into ways to replace Powell, though his term doesn't expire till next May. Powell's term as a member of the board of governors also doesn't expire until 2028.

The White House did not immediately respond to a request for comments.