Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation.
Daniel Ives Calls Nvidia’s AI Chips ‘The New Oil or Gold’ After GTC Updates
Wedbush analyst Daniel Ives said that Nvidia’s ($NVDA) artificial intelligence (AI) chips are the “new oil or gold in this world for the tech ecosystem” and remains…
OpenAI’s long-awaited restructuring deal
ChatGPT creator was founded as non-profit but has been racing to unlock new investment
New fears over artificial intelligence
AI developers are noticing that its technology can sometimes turn “evil” by deceiving users and even resorting to blackmail. Wired Editor-at-large Steven Levy joins Stephanie Ruhle to discuss on The 11th Hour.
Amazon, UPS, and Target are laying off in big numbers: How professionals can stay afloat as the global job market tightens – The Times of India
Careers News: The global job market stands at a precarious crossroads as mass layoffs sweep across industries from tech to transport. Giants like Amazon, UPS, and M
Trump signals he plans to speak to China's Xi about Nvidia's 'super duper' chips
U.S. President Donald Trump says he plans to discuss Nvidia’s advanced Blackwell AI chips with Chinese President Xi Jinping later this week.
Artificial Intelligence and The Mirror of Society
How Amazon’s cloud and AI investments in APEC contribute to US GDP growth
Planned investments of $40 billion in 14 APEC economies are projected to generate $45 billion for the U.S. GDP through adoption of American AI technologies and high-value job creation.
Amazon ties massive job cuts to rise of artificial intelligence
CNBC Daily Open: It's a boom, it's a bubble, it's still not enough for investors: It's AI
Investors can’t get enough of AI, despite worries over high valuations — and tech companies can’t get enough of each other, either.