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Steady5 stories5 sourcesLast updated: 6/2/2026

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Fed Study: Programmer Employment Dropped 50% After ChatGPT Launch
Developing
Business·4/27/2026AI summary

Fed Study: Programmer Employment Dropped 50% After ChatGPT Launch

Federal Reserve economists Leland D. Crane and Paul E. Soto found that U.S. programmer employment growth dropped roughly 50% after ChatGPT launched in November 2022. Before AI, programming jobs grew at ~5% annually; since then, growth has flatlined in IT services and software development sectors. The study estimates ~500,000 jobs that would likely exist without LLMs, though wages haven't declined—only headcount has been affected. This is the first Fed-level research directly linking AI to occupation-specific hiring declines.

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Decrypt
Bitcoin Current Cycle 'Dramatically Weaker' Than Prior Cycles: Analyst
NEWS
4/19/2026AI summary

Bitcoin Current Cycle 'Dramatically Weaker' Than Prior Cycles: Analyst

Galaxy's Alex Thorn says Bitcoin's current cycle since the April 2024 halving is dramatically underperforming previous cycles, with only 97% upside versus 9,294% in 2012, 2,950% in 2016, and 761% in 2020. The 30-day volatility index has dropped from 9.64% in 2020 to just 1.75% currently. Critics note BTC hit an all-time high before the halving due to spot ETF approval, skewing the comparison. Bitcoin is currently trading at $74,703, up 5% weekly.

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Cointelegraph