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Fortune
Fortune
Sharon Goldman

AI is eating the first rung of the career ladder. What happens when new grads can’t get a foothold?

Welcome to Eye on AI! In this edition...entry-level job loss due to AI breeds uncertainty…OpenAI acquires Statsig for $1.1 billion – and one of its top executives changes roles…French AI startup Mistral is reportedly finalizing new funding round at $14 billion valuation…is Amazon getting into the AI agent game?

Life has always been uncertain, but for generations, young college grads could count on one thing: an entry-level job. It wasn’t glamorous—maybe you fetched coffee, made photocopies, or slogged through low-level tasks for little pay—but it gave you a foothold, the first rung of whatever ladder you hoped to climb.

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