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AI Surge: Billions Invested Amid Unemployment Fears

11/11/2025

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Summary

Story summary

Investors are pouring billions into artificial intelligence.
AI accounts for an estimated 92% of US GDP growth.
At the Sharjah Publishers Conference, Keith Riegert, CEO of Ulysses Press, warned that AI could lead to mass unemployment or economic collapse and cited Ulysses Press's partnership with OpenAI.
He demonstrated AI's capabilities by creating a book in five minutes.
He noted the rise of AI-generated books on Amazon.

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Story summary

Investors are pouring billions into artificial intelligence.
AI accounts for an estimated 92% of US GDP growth.
At the Sharjah Publishers Conference, Keith Riegert, CEO of Ulysses Press, warned that AI could lead to mass unemployment or economic collapse and cited Ulysses Press's partnership with OpenAI.
He demonstrated AI's capabilities by creating a book in five minutes.
He noted the rise of AI-generated books on Amazon.