Good morning,

Doctors are doing it. Teachers are doing it: Have you tried using AI to simplify your everyday life? If you need a primer on where to start (I sure did), my Forbes colleague Arianna Johnson suggests assigning these practical life tasks to an AI chatbot like ChatGPT or Bard.

Think meal planning, vacation planning or even coming up with a monthly budget. Remember to be specific in your prompts.

BREAKING NEWS

President Joe Biden said he intends to run for re-election but is delaying an official announcement until an unknown date. His comments come on the heels of a recent poll released last week that just found one-third of Americans believe he should be re-elected.

Five people were killed in a mass shooting at a bank in Louisville, Kentucky, and eight were injured. Police also killed the suspected shooter on the scene. More people, 210 in total, have been killed in mass shootings in the U.S. this year than in any year at this point, going back at least a decade.

BUSINESS + FINANCE

Peek behind the curtain of the S&P 500’s rally this year, and you’ll find a small grouping of mega-cap stocks drawing interest from investors wary of smaller-cap stocks in these uncertain economic times. Just seven stocks account for 88% of the S&P’s 2023 gains, but one financial strategist said this “reflects a less healthy rally than one with broader participation.”

TECH + INNOVATION

AI has captured the zeitgeist in recent months. Bot-written school papers and images of the puffer jacket-wearing Pope have spread AI’s reach far beyond the laboratories and startup offices of Silicon Valley—and in turn propelling a flurry of new businesses. Altogether, the companies selected for Forbes’ AI 50 list in 2023 have received $27.2 billion in funding.

Sam Bankman-Fried and other executives at FTX and Alameda Research casually joked with one another about misplacing millions of dollars worth of digital assets, according to a new court filing. FTX also allegedly let thousands of uncashed deposit checks sit around like “junk mail” and approved millions of dollars of expense reports via emojis on Slack.

MONEY + POLITICS

Previously unreported lending records show that the state-owned Industrial and Commercial Bank of China paid an estimated $7 million to rent space in Trump Tower while Donald Trump occupied the White House and then departed after the former president left office, less than two years into a five-year lease extension.

Former President Trump asked an appeals court to block testimony from former Vice President Mike Pence on the January 6 attack, claiming executive privilege. Similar requests to prevent aides from testifying have failed.

SPORTS + ENTERTAINMENT

In June 2022, the NFL announced that it had “spent and allocated” $125 million to Black-owned and Black-operated businesses, but they won’t say where the money went. Forbes learned $70 million went to Ariel Investments, a $16 billion investment fund, while small businesses are finding it difficult to make contact.

LIFESTYLE

North American airlines are short about 17,000 pilots and are currently staring down a wave of coming retirements—almost half of U.S. airline pilots are 50 or older, with a mandatory retirement age of 65. Better training technology, improved financial support and more rigorous student screenings are all helping address the pilot shortage.

DAILY COVER STORY

How Alexandr Wang Turned An Army Of Clickworkers Into A $7.3 Billion AI Unicorn

TOPLINE Alexandr Wang was a 19-year-old MIT dropout when he cofounded Scale AI back in 2016. At the time, self-driving car companies had a problem: they had millions of miles of on-the-road driving footage but needed software to train their autonomous vehicle AI to know the difference between a paper bag and a pedestrian.

“We’re the picks and shovels in the generative AI gold rush,” says Wang, who briefly became the world’s youngest self-made billionaire after Scale was awarded a $7.3 billion valuation in 2021. His clients now include the U.S. Department of Defense and OpenAI.

But that success was not built entirely on silicon. It also took a human army: some 240,000 people in Kenya, the Philippines and Venezuela work for Remotasks, a subsidiary Scale doesn’t mention in its marketing materials. Many workers are paid less than $1 an hour, and increasingly are becoming an ethical concern. In a 2022 study into working conditions, Remotasks met the “minimum standards of fair work” in just two of 10 criteria.

WHY IT MATTERS “If AI like ChatGPT does someday liberate humans from mundane workplace tasks, it will have done so using a legion of human laborers,” says Forbes senior reporter Kenrick Cai. “Scale is well-positioned to be a key supplier, but it will have to adapt to generative AI—which poses new technical challenges from self-driving cars—and market throes that have stripped Wang of his billionaire status.”

MORE Six Things You Didn’t Know About ChatGPT, Stable Diffusion And The Future Of Generative AI

FACTS AND COMMENTS

After a blockbuster opening weekend, The Super Mario Bros. Movie is already cementing itself among the top-performing animated movies of all time.

$146 million: Domestic box office earnings for The Super Mario Bros. Movie on opening weekend, the third highest for an animated film

$191 million: Opening weekend earnings for The Lion King (2019), the most ever for an animated film

56%: The Super Mario Bros. Movie’s rating on Rotten Tomatoes

STRATEGY AND SUCCESS

Job flexibility has typically been the domain of white-collar workers, with many companies offering remote work, hybrid schedules and flexible hours as ways to attract office workers. But a recent survey found work flexibility is important to non-office workers, too. For 42% of blue-collar workers and nearly half of gray-collar workers, job flexibility is as important or more important than pay.

VIDEO

QUIZ

Kim Kardashian surprised fans by announcing she will join the cast of what TV show for its upcoming season?

A. Netflix’s Love is Blind

B. FX’s American Horror Story

C. ABC’s Abbott Elementary

D. HBO’s Succession

Check if you got it right here.

ACROSS THE NEWSROOM

Join us today: Our tax experts Amber Gray-Fenner and Forbes senior editor and tax attorney Kelly Phillips Erb are answering questions live from 12:30 p.m. to 1:30 p.m. ET.

BEYOND THE NEWSROOM

• Join us virtually for the 2023 Forbes CIO Summit on April 12, 2023 from 9 a.m. to 10:30 a.m. ET as we gather some of the world’s top CIOs, CTOs, CDIOs and futurists for an amazing mind share focused on leadership, innovation and transformation. The summit is designed to inform, challenge and delight as we examine several key issues of importance to technology leaders.
• Join us at the 2023 Forbes Under 30 Summit in Botswana on April 23-26, 2023, This year includes performances by award-winning artists, conversations with top business leaders, exclusive networking with entrepreneurs from across the continent and the globe, plus game drives, a bush party and regional excursions. Register now.
• Looking ahead: The 2023 Forbes Future Of Work Summit will take place in New York and virtually on June 1. Here, we’ll explore the forthcoming impact of artificial intelligence, shifting dynamics between workers and employers, and more. Sign up to stay tuned for updates.

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