OECD says rich economies on cusp of AI ‘revolution’ – The Financial Times
The OECD has said mass adoption of generative AI in the workplace will trigger a wave of job losses and ethical issues, as it warned...
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Why the Early Success of Threads May Crash Into Reality – The New York Times
A big tech company with billions of users introduces a new social network. Leveraging the popularity and scale of its existing products, the company intends to...
UK Wages Grow Faster Than Expected, Heaping Pressure on BOE – Bloomberg
UK wages rose more than expected to a level that Bank of England Governor Andrew Bailey said is fueling inflation, maintaining pressure for higher interest...
Big US banks to post largest rise in loan losses since pandemic – The Financial Times
The largest US banks are this week set to report the biggest jump in loan losses since the onset of the coronavirus pandemic, as rising...
Microsoft confirms more job cuts on top of 10,000 layoffs announced in January – CNBC
Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the...
Employees want ChatGPT at work. Bosses worry they’ll spill secrets – The Washington Post
When Justin used ChatGPT at work earlier this year, he was pleased by how helpful it was. A research scientist at a Boston-area biotechnology firm,...
Meta cut election teams months before Threads launch, raising concerns for 2024 – CNN
Meta has made cuts to its teams that tackle disinformation and coordinated troll and harassment campaigns on its platforms, people with direct knowledge of the...
Goldman Sachs says India will overtake the U.S. to become the world’s second-largest economy by 2075 – CNBC
India is poised to become the world’s second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S. too, says Goldman Sachs. Currently,...
Banks’ Newest Fed Headache: Nonstop Instant Payments – WSJ
The Federal Reserve expects to launch a new system this month aiming to make payments in the U.S. banking system available immediately, around the clock....
Does America need more unemployment? – The Economist
American summers, known for baseball games, roasted marshmallows and county fairs, have acquired new traditions: pools missing lifeguards, camps in need of counsellors and restaurants...