Amazon’s unprecedented gamble on AI redemption might just work – The Economist
Amazonians like to think of their company as frugal—at least compared with many of their tech rivals. Forget the chocolatey treats and massages available to...
Gilt yields surge to highest level since 2008 – The Financial Times
A rout in the gilt market deepened on Monday as traders bet the Bank of England would have to raise interest rates four times this...
Euro-Zone Wage Growth to Quicken in Second Half of Next Year – Bloomberg
Euro-area pay growth is set to accelerate in the second half, adding to the challenges the European Central Bank faces as war rages in the...
OpenAI to double workforce as business push intensifies – The Financial Times
OpenAI plans to almost double its headcount by the end of the year as it accelerates a push to sell to businesses and gain ground...
The Real Economics of AI and Jobs – Time
AI is fundamentally transforming the global job market, driving profound changes in skill requirements, entire professions, and wage structure across both advanced and emerging economies....
Are We Facing an AI Nightmare?
AI-doom scenarios are going viral because there are no easy public-policy responses to the problem of large-scale but not universal technological unemployment. Society’s best hope...
Fed Expected to Hold Rates, Weigh Oil Shock – Bloomberg
Investors will be looking to Federal Reserve Chair Jerome Powell this week for insight on how the US central bank is weighing a range of...
Why investors won’t know what to make of AI for a while – The Economist
Stockmarkets are, in a literal sense, fortune-tellers: their job is to foresee which businesses will make money in the future and which won’t. When things...
AI and Power Looms: Stories About Job-Killing Tech Have a Way of Going Viral – Bloomberg
On a Sunday in late February, a small investment research firm called Citrini Research posted a 7,000-word essay on Substack that read like a piece...
The Fed Keeps Getting Hit With New Shocks in Its Yearslong Inflation Fight – WSJ
It’s happening again.For the fifth year running, Federal Reserve officials find themselves expecting inflation to fall back to their 2% goal only to be confronted...