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The Wall Street Journal has an interesting take on the rise of artificial intelligence: it won't sap away jobs from living, breathing humans. Instead, it'll increase employment opportunities across a number of different sectors for those who can interpret its outputs efficiently.

The argument: The rise of spreadsheet software in the 1980s hurt bookkeeping jobs, but it greatly increased demand for analysts and auditors — those who could correctly analyze the financial models and scenarios outputted by spreadsheets.

Why it matters: While artificial intelligence is likely to make some jobs become obsolete, it's just as likely to create unforeseen booms in the job market, perhaps in highly-skilled positions. For example, though an algorithm may be better at identifying malignant tumors in an MRI, that benefit will require doctors who can take advantage of the information provided.

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Updated 18 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 19,128,901 — Total deaths: 715,555— Total recoveries — 11,591,028Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 4,884,406 — Total deaths: 160,111 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Trump floats executive action even if stimulus deal is reached.
  4. Business: U.S. economy adds 1.8 million jobs in July — Household debt and credit delinquencies dropped in Q2.
  5. Sports: The pandemic's impact on how sports are played.
  6. 1 🎮 thing: Video gaming growth soars.

Trump floats executive action even if stimulus deal is reached

Photo: Samuel Corum/Getty Images

The White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart, and it's leaving the door open for President Trump to use them even if a deal is reached that doesn't encompass all of his priorities, two administration officials tell Axios.

What we’re hearing: “I wouldn't be surprised that, if something gets left off the table, we’d be like ‘we can take this executive action too and be able to win on it anyway,’” one official said.

39 mins ago - Technology

TikTok responds to Trump executive order: "We are shocked"

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TikTok said Friday that it was "shocked" by President Trump's executive order that will ban Americans from dealing with ByteDance, its China-based owner, in 45 days.

Why it matters: TikTok argued that Trump's move "risks undermining global businesses' trust in the United States' commitment to the rule of law, which has served as a magnet for investment and spurred decades of American economic growth."