Anthropic economics chief talks about the jobs that could be killed by AI

Good morning. On Fortune’s radar today:

Oil is at $109 per barrel.

EXCLUSIVE: Anthropic’s economics chief talks about the jobs that could be killed by AI.

Anthropic revenue surpasses OpenAI.

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Oil was at $109 this morning after rising above $111 earlier in the day. S&P 500 futures were flat this morning. The index rose 0.44% yesterday. Europe and Asia were relatively calm: Stoxx Europe 600 was up 0.64% and the UK’s FTSE 100 was up 0.25% in early trading. Japan’s Nikkei 225 was flat.

When oil goes up, stocks go down: This chart from Bespoke Investment Group showing the price of oil vs the S&P 500 through Q1 says it all:

EXCLUSIVE: Anthropic’s economics chief talks about the jobs that could be killed by AI

More than 90% of the work done by tech and finance workers could—in theory—be replaced by AI, according to data published by Anthropic. But AI adoption in many industries is lower than expected, Peter McCrory, head of economics at Anthropic, told Fortune. “I was somewhat surprised that the gap between sort of coding in general, which as we point out had something like 94% theoretical exposure, but then based on actual adoption, it was closer to 30% of the tasks across all the jobs in that pocket of the economy,” he said.

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Anthropic in chips deals with Google and Broadcom worth hundreds of billions - FT

Anthropic’s annual recurring revenue........

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