Labour market institutions for the AI era: The need for verified employment records

The rise of AI fundamentally alters the balance between formal credentials and verified experience in labour markets, but without verified employment records, experience remains invisible. This column reviews employment record systems across eight advanced and emerging economies, as well as EU-level initiatives, to establish design principles and draw lessons from implementation failures. The analysis reveals that technical infrastructure alone does not guarantee success. Effective systems require aligned incentives, continuous stakeholder engagement, and careful sequencing.

๐Ÿš– Waymo Expands Robotaxi Services in California

Waymo has received regulatory approval to expand its robotaxi services across the Bay Area and Southern California, utilizing advanced AI algorithms for safe navigation in urban environments. This move could significantly impact public transport and urban mobility sectors, enhancing customer access to autonomous vehicle technology.

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๐Ÿ“ˆ AI Chipmaker Gains Ground Against Nvidia and Broadcom

A rising AI chipmaker is outperforming giants like Nvidia and Broadcom, driving market interest. Their innovative chip designs are enhancing performance in machine learning tasks. The focus is on improving energy efficiency and computational power for AI applications, potentially impacting industries reliant on AI technologies.

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โšก Meta Enters Electricity Trading to Power Data Centers

Meta plans to engage in electricity trading to expedite constructing new power plants for its data centers. The strategy aims to enhance energy efficiency and security, leveraging trading methods to stabilize energy supply. This initiative could influence other tech giants regarding energy independence and sustainability in their operations.

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