B
#SoftwareStocks #AIImpact #InvestingInsights
www.bloomberg.com
Fund Beating 99% of Peers Sees Few Software Firms Surviving AI
Selling software stocks before the crowd paid off for Nick Evans, a Polar Capital fund manager. His warning to potential bargain hunters: most shares are still toxic and few firms will survive.
#ArtificialIntelligence #AIImpactSummit #DigitalTransformation
www.yahoo.com
India hosts a high-stakes AI summit in New Delhi, drawing 20 leaders and top tech CEOs
Add Yahoo as a preferred source to see more of our stories on Google.
NEW DELHI (AP) -- India is hosting an artificial intelligence summit this week, bringing together heads of state, senior officials and tech executives to New Delhi for a five-day gathering highlighting the growing global importance of the technology.
B
#MemoryChipCrisis #TechIndustry #AIImpact
www.bloomberg.com
Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis
A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and smartphones to automobiles and data centers -- and the crunch is only going to get worse.
#Journalism #MediaRestructuring #AIImpact
www.businessinsider.com
'Shock to the system': Top WaPo editor explains to staffers why the paper is making sweeping cuts
The changes would "feel like a shock to the system," Murray said during a company Zoom call.
On Wednesday morning, after weeks of anticipation of layoffs, Washington Post staffers dialed into a Zoom call led by executive editor Matt Murray.
#SmartphonePrices #MemoryChipShortage #AIImpact
markets.businessinsider.com
AI Is Driving Smartphone Prices Higher, and Memory Chipmakers Are the Real Winners
Smartphone prices are rising across global markets, and the cause is not higher labor costs or weaker demand. Instead, the pressure is driven by a shortage of memory chips, which is being exacerbated by AI data centers.
P
#AmazonLayoffs #CorporateJobs #AIImpact
www.pcmag.com
Report: Amazon Set for Another Round Of Layoffs, Thousands Expected to Lose Jobs
(Credit: Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)
When Amazon cut 14,000 corporate jobs in October, it warned that more layoffs were coming in 2026.
#Translation #AIImpact #LanguageProfessionals
us.cnn.com
Like digging 'your own professional grave': The translators grappling with losing work to AI | CNN Business
As a rare Irish-language translator, Timothy McKeon enjoyed steady work for European Union institutions for years. But the rise of artificial intelligence tools that can translate text and, increasingly, speech nearly instantly has upended his livelihood and that of many others in his field.
#WealthInequality #Globalization #AIImpact
www.investopedia.com
BlackRock CEO Larry Fink: 'What Happens to Everyone Else' If AI Fuels Inequality?
The top 1% of Americans now hold 31% of household wealth while the bottom 50% own just 2. 5%, according to Federal Reserve data, a gap that has widened since 1989.
