3 questions every CEO needs to ask about the AI jobs doom loom in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

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Cruz seems to have a clearer idea of his future path than his siblings, at least. Romeo, 23, tried to follow his father into football and modelling, while Brooklyn, 26, has had stabs at careers in photography and cooking.

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The financial infrastructure of that commitment is already in place. The 10 largest AI companies are on track to issue more than $120 billion in bonds—a record high that many are drawing parallels to the debt Big Tech took on during the dotcom boom of the late 1990s. Unlike that era, when the Y2K bubble’s collapse was largely absorbed by equity investors, today’s AI buildout is being financed with debt, meaning a market correction would ripple well beyond stock portfolios.