CHINA ELIMINATES 12,000 ‘OBSOLETE’ UNIVERSITY DEGREES IN PUSH TO PREPARE FOR THE AI ERA
CHINESE UNIVERSITIES SCRAP 12,000 DEGREE PROGRAMS AS AI RESHAPES JOB MARKET DEMANDS
Congratulations to the @FinMinIndia
As Foreign Portfolio Investors sold Rs 20000 Crores plus NET in a single day today. A record
India's worst performing major stock market trend gains further impetus
@PMOIndia@narendramodi massive course correction required
CEOs are quietly realizing the AI replacement plan has a problem.
Two problems, actually.
One: the token costs for running AI agents are now exceeding what they were paying the employees they fired.
Two: when the tokens run out, the AI stops. Just stops. No continuity. No workaround. Just a spinning wheel where your workforce used to be.
You fired humans to save money and bought a subscription that bills you into a corner.
The employees you let go knew what to do when things broke.
The AI just invoices you for the outage.
And then there’s the permission problem nobody wants to talk about.
To do its job, the AI agent needs access. Full access. Your systems, your patents, your contracts, your future plans. Everything you spent years building, handed over to a process that has no loyalty, no discretion, and no skin in the game.
You didn’t hire a replacement.
You gave a stranger with no soul the keys to everything you own.
Enjoy.
The vibes in SF feel pretty frenetic right now. The divide in outcomes is the worst I've ever seen.
Over the last 5yrs, a group of ~10k people - employees at Anthropic, OpenAI, xAI, Nvidia, Meta TBD, founders - have hit retirement wealth of well above $20M (back of the envelope AI estimation).
Everyone outside that group feels like they can work their well-paying (but <$500k) job for their whole life and never get there.
Worse yet, layoffs are in full swing. Many software engineers feel like their life's skill is no longer useful. The day to day role of most jobs has changed overnight with AI.
As a result,
1. The corporate ladder looks like the wrong building to climb.
Everyone's trying to align with a new set of career "paths": should I be a founder? Is it too late to join Anthropic / OpenAI? should I get into AI? what company stock will 10x next? People are demanding higher salaries and switching jobs more and more.
2. There’s a deep malaise about work (and its future).
Why even work at all for “peanuts”? Will my job even exist in a few years? Many feel helpless. You hear the “permanent underclass” conversation a lot, esp from young people. It's hard to focus on doing good work when you think "man, if I joined Anthropic 2yrs ago, I could retire"
3. The mid to late middle managers feel paralyzed.
Many have families and don't feel like they have the energy or network to just "start a company". They don't particularly have any AI skills. They see the writing on the wall: middle management is being hollowed out in many companies.
4. The rich aren’t particularly happy either.
No one is shedding tears for them (and rightfully so). But those who have "made it" experience a profound lack of purpose too. Some have gone from <$150k to >$50M in a few years with no ramp. It flips your life plans upside down. For some, comparison is the thief of joy. For some, they escape to NYC to "live life". For others still, they start companies "just cuz", often to win status points. They never imagined that by age 30, they'd be set. I once asked a post-economic founder friend why they didn't just sell the co and they said "and do what? right now, everyone wants to talk to me. if i sell, I will only have money."
I understand that many reading this scoff at the champagne problems of the valley. Society is warped in this tech bubble. What is often well-off anywhere else in the world is bang average here.
Unlike many other places, tenure, intelligence and hard work can be loosely correlated with outcomes in the Bay. Living through a societally transformative gold rush in that environment can be paralyzing. "Am I in the right place? Should I move? Is there time still left? Am I gonna make it?" It psychologically torments many who have moved here in search of "success".
Ironically, a frequent side effect of this torment is to spin up the very products making everyone rich in hopes that you too can vibecode your path to economic enlightenment.
@girishkuber@LoksattaLive Dr Anand Nadkarni ji will be missed, books,videos & institutions he created will keep promoting #MentalHealth awareness and motivate masses to self help their mental well being.
India is desperate for stable foreign capital. INR is in a virtual free fall. Yet, there is an *absurd* bottleneck nobody talks about: the RBI’s FIRMS portal — mandatory for FC-GPR filings and therefore for receiving FDI share capital — has been down for weeks.
As a result, inward remittances for legitimate equity investments into Indian companies are getting stuck because founders literally cannot complete regulatory filings.
At a moment when the country needs every dollar of productive FDI it can attract, this is exactly the kind of invisible bureaucratic friction India should not be imposing on itself.
@RBI@RBIsays@NITIAyog@nsitharaman
When fact-checking tools come under pressure, it is not just a feature at risk, it is public accountability itself. New IT rule changes could make platforms comply without question, weakening our ability to challenge those in power. If this concerns you, now is the time to pay attention and speak up.
Why 99% of the Indians should not measure mutual fund returns in USD terms?
1-April-2025: USDINR = ₹ 85.60
31-March-2026: USDINR = ₹93.48
Depreciation of around 9.20%
Returns in USD:
🔸PPF - negative
🔸Sukanya Samridhi Yojana - negative
🔸National Savings Certificate - negative
🔸Fixed Deposits - negative
🔸Recurring Deposit - negative
🔸Senior Citizen Savings Scheme - negative
🔸RBI Floating Rate Bond - negative
🔸Tax free bonds - negative
🔸National Pension Scheme - negative
🔸Traditional Insurance policies - negative
🔸Guaranteed Insurance plans - negative
🔸Annuities - negative
🔸Unit Link Insurance Policies - negative
🔸95% of the NCDs - negative
Either the whole portfolio (including these instruments) should be measure in USD or everything should be measured in INR.
Why only Mutual Funds???
Why abuse fund managers, mutual fund houses and intermediaries?
Am I missing something? Happy to hear your thoughts.
Oracle is confirmed cutting 20,000-30,000 jobs but sources inside are saying the real number is closer to 45,000
I'm hearing this isn't just about AI data center costs
Word is they've been running pilot programs with AI agents doing database administration work for 8 months
One source told me a team of 47 DBAs in Austin got replaced by 3 senior architects plus automated Oracle Cloud Infrastructure management
The agents are handling routine maintenance, performance tuning, backup verification - stuff that used to require armies of L4 and L5 engineers
Internal metrics show the AI systems are catching 94% of database issues before human intervention needed
But here's the terrifying part: they're not just cutting the obvious roles
I'm hearing entire solution engineering teams are getting eliminated - the people who customize implementations for enterprise clients
Apparently the new AI workflow can generate custom database schemas and migration plans in 6 hours instead of 6 weeks
One insider said they watched a 12-person team that handled Fortune 500 implementations get told their roles were "redundant effective immediately"
The severance packages are allegedly massive - 18 months salary plus equity vesting acceleration
But that's because Oracle knows these people can't find equivalent work anywhere
Every other enterprise software company is running the same playbook
One source said it best: "We're not getting laid off, we're getting archived"
While the rest of the world’s debt markets are getting hammered by the Iran war and soaring energy prices, Chinese government bonds are laughing off the chaos, becoming a safe haven.
Forget all the bullshit rhetoric coming out from the White House, this is real "winning"
USD 13 Billion of FPI Outflows from India in March 2026, ₹ 122000 Crores
Let that sink it
Last full year was an outflow of ₹160000 Crores
In fact outflows just in March in rupees are more than the outflows in any full year except 2025.
Congratulations @FinMinIndia@nsitharamanoffc
@MoneylifeF Please do ASAP, I'm anticipating AI agents to assist initially and soon act as treasurer (easiest role to automate), secretary agent (human assisted) & chairman (more sophisticated agent) to handle society daily operation chores.
🚨 Electrical engineers are going to hate this.
Someone just turned React into a circuit board factory. Write code. Get a real PCB manufactured and delivered to your door.
It's called tscircuit. React for Electronics.
No Altium. No $10,000/year licenses. No 6-month learning curve.
You write React components. But instead of <div> and <button>, you write <resistor>, <chip>, and <capacitor>. The same way you build a website. That's how you build a circuit board now.
Here's what this thing actually does:
→ Design real circuit boards using TypeScript and React
→ Edit code in your IDE, watch the circuit update in real time
→ Auto-generates schematics, PCB layouts, and 3D previews from your code
→ Automatic part selection and bill of materials generation
→ Built-in autorouting algorithm for PCB traces
→ Export to Gerber files and send directly to a manufacturer
→ Online playground. Design circuits in your browser right now.
Here's the wildest part:
The creator wrote 40 lines of TypeScript. From that he got a full PCB, a schematic, and a 3D preview. Then he exported it, sent it to a manufacturer, and got a real working circuit board delivered.
40 lines of code. A real physical product.
This is free. Write React. Get hardware.
$20K+ in bounties already paid to contributors. 8 years in the making.
100% Open Source. MIT License.