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Congress wrestles with AI job fears amid calls for federal guardrails

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Congress wrestles with AI job fears amid calls for federal guardrails

As artificial intelligence changes how Americans do their jobs, a growing debate is unfolding in Washington over what it means for workers’ futures.

Congress has yet to pass sweeping AI legislation, but lawmakers are closely watching as the technology evolves at breakneck speed.

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That urgency intensified this week after a viral X post from Matt Shumer, CEO of HyperWriteAI, racked up more than 75 million views and over 100,000 likes, warning of massive white-collar job disruption.

Rep. Jay Obernolte, R-Calif., says the concerns are worth discussing, but not panicking over.

“I think it’s something that’s healthy to talk about,” Obernolte told FOX Business. “The post says, fundamentally, we should be afraid because AI is going to be disruptive and there’s going to be a lot of job displacement – that is something we know to be true.”

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Rep. Jay Obernolte presiding over a hearing.

House Research and Technology Subcommittee Chairman Jay Obernolte, R-Calif., presided during a hearing in the Rayburn House Office Building on Capitol Hill on Jan. 14, 2026, in Washington, D.C. (Chip Somodevilla/Getty Images)

Obernolte, the only member of Congress with a graduate-level degree in artificial intelligence – he earned his master’s degree from UCLA and has studied the field for more than three decades – also founded a video game development company.

But he sharply disagrees with the premise that AI will permanently shrink the workforce.

“The other thing that [the post] says is people are going to have fewer jobs as a result of artificial intelligence,” he said. “The historical record says that that is absolutely not true.”

Pointing to past technological revolutions, from the printing press to the internet, Obernolte argued innovation has always disrupted industries but ultimately created more jobs than it destroyed. He believes AI will follow the same pattern.

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Still, he acknowledged that displacement is coming.

“There will be job displacement. We need to re-skill the workers that are in industries with that job displacement and equip them with the skills that they need to succeed in other industries,” he said, adding that “we are going to need a social safety net because there will be people that fall through the cracks.”

US Capitol building with AI symbol

A growing debate is unfolding in Washington over what advancements in AI mean for workers’ futures. (Greggory DiSalvo/Getty Images)

Obernolte, who served as co-chair of the House Artificial Intelligence Task Force, noted the panel’s bipartisan 250-page report released in December 2024 laid out recommendations for workforce retraining and regulatory guardrails. But little of it has become law amid partisan gridlock and tight margins.

“It’s critical that we get passed this year a federal regulatory framework for AI that makes it clear where the state lanes for AI regulation are, where the federal lanes are, and where the two intersect,” he said.

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“That’s something that is going to be critically important to make sure that everyone understands what the guardrails are, and to make certain that Americans have some safety protocols in place to protect themselves against the malicious use of AI.”

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And concerns about that malicious use are growing.

A Deloitte study predicted generative AI could help drive U.S. fraud losses as high as $40 billion next year.

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Just this week, the Justice Department announced that two Pennsylvania men admitted to traveling to Minneapolis to defraud Minnesota’s Housing Stabilization Services program, allegedly stealing roughly $3.5 million by using artificial intelligence to generate falsified records – what authorities described as “fraud tourism.”

“That is the biggest downside of AI: the way that it enhances the productivity of malicious human actors,” Obernolte warned, arguing that the government has a clear role in responding.

But not everyone on Capitol Hill shares his optimism.

Sen. Elizabeth Warren, D-Mass., cautioned that the economic fallout could be severe if policymakers fail to prepare.

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“I am deeply concerned about AI and what it’s going to mean when people go out one day for lunch and come back and their jobs aren’t there anymore, and that that happens to millions and millions of people. Now is the moment when we need to be preparing,” Warren told FOX Business.

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Preparation, she argued, must include both guardrails on how AI is deployed and protections for families struggling with rising costs.

Elizabeth Warren speaking.

U.S. Senator Elizabeth Warren (D-MA) questions witnesses during a Senate Banking, Housing, and Urban Affairs Committee hearing in the wake of recent bank failures, on Capitol Hill in Washington, D.C., May 18, 2023. (Evelyn Hockstein/Reuters)

Pressed on what large-scale displacement could mean for the middle class, Warren – the ranking member of the Senate Banking Committee – issued a stark warning.

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“We lost more than 100,000 manufacturing jobs last year,” she said. “If AI comes in on top of that and literally wipes out the income for millions of families, we’re going to see a full-blown crisis right here in this country. If you know the bad weather is threatening out there, now’s the time to prepare for it.”

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Despite those warnings, Obernolte remains bullish.

“AI will shortly be – if it’s not already – the most powerful tool for enhancing human productivity mankind has ever created,” he predicted, calling it a driver of economic growth and prosperity.

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His advice for white-collar workers uneasy about the next five years?

“Get acquainted with AI,” he said. “Because if you get used to using AI… then you’re going to be more valuable than the people around you.”

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Form 10Q CLEARTRONIC For: 13 February

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Applied Materials: Little Opportunity Left After A Monstrous Run

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Kinsale Capital Group, Inc. (KNSL) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-02-12 Earnings Summary

EPS of $5.81 beats by $0.50

 | Revenue of $483.27M (17.26% Y/Y) beats by $15.89M

Kinsale Capital Group, Inc. (KNSL) Q4 2025 Earnings Call February 13, 2026 9:00 AM EST

Company Participants

Michael Kehoe – Chairman of the Board & CEO
Bryan Petrucelli – Executive VP, CFO & Treasurer
Stuart Winston – Executive VP & Chief Underwriting Officer

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Conference Call Participants

Michael Phillips – Oppenheimer & Co. Inc., Research Division
Andrew Andersen – Jefferies LLC, Research Division
Michael Zaremski – BMO Capital Markets Equity Research
Hristian Getsov – Wells Fargo Securities, LLC, Research Division
Mark Hughes – Truist Securities, Inc., Research Division
Joseph Tumillo – BofA Securities, Research Division
Rowland Mayor – RBC Capital Markets, Research Division
Pablo Singzon – JPMorgan Chase & Co, Research Division
Andrew Kligerman – TD Cowen, Research Division

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Presentation

Operator

Thank you for standing by. My name is Karly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Kinsale Capital Group Q4 2025 Earnings Conference Call. [Operator Instructions] Before we get started, let me remind everyone that through the course of the teleconference, Kinsale’s management may make comments that reflect their intentions, beliefs and expectations for the future. As always, these forward-looking statements are subject to certain risk factors, which could cause actual results to differ materially. These risk factors are listed in the company’s various SEC filings, including the 2023 annual report on Form 10-K, which should be reviewed carefully.

The company has furnished a Form 8-K with the Securities and Exchange Commission that contains the press release announcing its fourth quarter results. Kinsale’s management may also reference certain non-GAAP financial measures in the call today. A reconciliation of GAAP to these measures can be found in the press release, which is available at the company’s website at www.kinsalecapitalgroup.com.

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I will now turn the conference over to Kinsale’s Chairman and CEO, Mr. Michael Kehoe. Please go ahead, sir.

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Microsoft: I Like This Price And I Like This Strategy More Than The Stock (NASDAQ:MSFT)

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Microsoft: I Like This Price And I Like This Strategy More Than The Stock (NASDAQ:MSFT)

This article was written by

“Fundamental Options” would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Utilities; Growth At A Reasonable Price, especially Tech, having a background in Software Development; Deep Value, based on Discounted Cash Flow and / or other industry specific valuation methods; Dividend Aristocrats.While I usually invest in stocks for long-term, I also have 20-25 strategies involving options that I use for various purposes: hedging stocks; bullish stock / ETF substitutes with improved risk / reward; neutral trades; trading volatility; earnings-related trades.Teaching is another passion of mine, I used to be a formal on non-formal teacher or coach in different areas of life, including authoring of a free local investing newsletter in the last years.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Yorkshire motorway services scheme delayed as rival goes to court

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Planning permission for a services site near Catterick has been quashed at the High Court

An artists impression of the proposed Catterick MSA

An artists impression of the proposed Catterick MSA

A decision to grant planning permission for a multi-million-pound motorway service area off the A1(M) in North Yorkshire has been quashed by the High Court after an intervention by a rival firm.

Roadchef is planning an 11-hectare service station at Catterick. Plans for the MSA at Pallet Hill Farm were approved by North Yorkshire Council’s (NYC) strategic planning committee in December 2024.

But a legal challenge at the High Court in Leeds by rival services operator Moto, which runs a service area at Scotch Corner and has planning permission in place to redevelop nearby Barton Services, has delayed the development.

The challenge was based around the risk of the site flooding, with recent flood risk mapping issued by the Environment Agency showing the site as having areas at a high risk of flooding (zone 3) and some areas of medium risk (zone 2).

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Moto argued that Roadchef had not demonstrated that there were no alternative sites for the development in areas with a lower risk of flooding. The council had then accepted the applicant’s submissions ahead of the planning committee’s vote, it was claimed.

The court agreed, with the decision notice stating: “The (council) officer’s report wrongly accepted that the flood risk sequential test was ‘passed’ without a flood risk-based sequential assessment of alternative locations for the proposed development.

“The report displays a flawed approach to national policy in this regard, which is a material error in the context of the decision as a whole.”

The application will now need to be reassessed by the council, with a new consultation process already underway. The court ruled that North Yorkshire Council must pay Moto’s costs.

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The application was approved in 2024 despite widespread objections from the local community, amid claims the scheme would “decimate” a wildlife haven. Campaigners said it would destroy a Site of Importance for Nature Conservation used by red-list protected migratory birds, including curlew and lapwing.

Campaigners and several councillors also voiced concerns about proposed mitigation measures, which included a new habitat for wildlife on land around 10 miles away at East Cowton. The application had been provisionally approved by members of Richmondshire District Council in 2022, but was being brought back to North Yorkshire Council because of a legal issue.

North Yorkshire Council’s corporate director for community development, Nic Harne, said: “We acknowledge the High Court’s decision and fully accept the outcome. A revised application has now been submitted, and we will review it through the normal planning process.”

A spokesperson for Roadchef said the High Court ruling was an “unfortunate and disappointing issue” which was brought about by a technical error.

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They added: “The proposed Motorway Service Area at Catterick received provisional approval from Richmondshire Council in 2022 and approval from North Yorkshire Council in 2024. This development represents a critical piece of infrastructure and investment for the strategic road network and will deliver substantial benefits to the local economy.

“We are actively working with North Yorkshire Council to resubmit this application and remain committed to delivering this development.”

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SternMaid America to focus on contract manufacturing, ingredients

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Stern-Wywiol Group rebrands in the United States.

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