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Alibaba Group Chairman Jack Ma (L) and Tesla CEO Elon Musk at the World Artificial Intelligence Conference in Shanghai, China, Thursday. Photo: VCG/VCG via Getty Images

Alibaba Group chairman Jack Ma told the World Artificial Intelligence Conference in Shanghai Thursday that artificial intelligence should enable people to work 4 hours a day, 3 days a week, Bloomberg reports.

Why it matters: It's a remarkable demonstration of Ma's faith in AI, given he's endorsed the Chinese tech sector's standard "996" schedule, which consists of a 72-hour workweek: 9am to 9pm, 6 days a week.

The big picture: Ma appeared onstage at the event with Tesla CEO Elon Musk, with whom he had a disagreement on whether humans can be outsmarted by computers.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper: America's work-life balance isn't so great

Go deeper

Attempting to reform gig work via co-ops

Illustration: Sarah Grillo/Axios

Ride-hailing service The Drivers Cooperative recently debuted in New York City, claiming that its lack of VC funding would result in better driver pay and lower passenger costs.

Why it matters: TDC’s approach is a direct rebuke to the venture capital-fueled gig economy model.

12 mins ago - World

Conservative cleric Raisi elected Iran's president

Raisi gives a press conference after voting. Photo: Atta Kenare/AFP via Getty

Hardliner Ebrahim Raisi easily won Friday's presidential election in Iran, recording 62% of the vote with more than 90% of ballots counted.

Why it matters: Currently the head of Iran's judiciary, Raisi is a close confidant of Supreme Leader Ali Khamenei and has the support of the Islamic Revolutionary Guard Corps (IRGC). His victory solidifies him as a leading candidate to succeed Khamenei, though Friday's low turnout speaks to the disillusionment of many Iranian voters.

Juneteenth forces U.S. to confront lasting impact of slavery economy

Photo illustration: Sarah Grillo/Axios. Photo: Corbis, Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images

Juneteenth, a once-obscure commemoration of emancipation of enslaved people in Texas, has transformed into an annual reminder about how slavery robbed Black Americans of generational wealth.

Why it matters: That lack of generational wealth still denies Black families the economic security that many white families take for granted.