For anybody who’s looking for a job or afraid that AI will take away their livelihood, the news from a tech summit convened by The Wall Street Journal should depress you: expect even more restructuring due to AI. News on the conference didn’t mention entry level hires, but there’s growing evidence that they’re under particular threat from AI. Federal Reserve chairman Jerome Powell fretted earlier this week that AI has negatively impacted the job market for new college graduates, for instance. But all these moves seem remarkably shortsighted, because AI tech doesn’t seem to be profitable — and lots of businesses that do adopt AI end up abandoning those efforts, which implies that these programs aren’t quite ready for prime time. More on AI and jobs: AI Is Making It Nearly Impossible to Find a Well-Paying Job.