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The Pentagon has frozen the permitting process for at least 155 new wind projects in 24 states for nearly a year, citing concerns that drones can hide among wind turbines and evade radar detection. The affected projects have a combined capacity of 44 gigawatts, four times the generation capacity of the offshore wind projects the […]
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AI is reshaping tech careers. But it will not kill off the value of a STEM degree, according to Google DeepMind chief Demis Hassabis. He made the comments at a London business conference, in a video published on Wednesday. Knowing the fundamentals of software gives you an edge with AI, he told the audience, Business […]
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DeepMind’s Hassabis says a STEM degree makes you 10x better with AI Read More »
Verizon is cutting about 3,000 employees from its corporate-owned retail stores and transferring 274 locations to independent operators, Bloomberg reported on Thursday. The changes take effect on August 16 and will leave the largest US mobile carrier with 1,000 company-owned stores alongside roughly 5,000 independent franchises. A company spokesperson said many of the workers at […]
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JPMorgan Chase has cut jobs by as much as 40 percent in some parts of the bank using artificial intelligence, CEO Jamie Dimon told analysts during the company’s second-quarter earnings call on Tuesday. But investors hoping the technology will dramatically improve profit margins are likely to be disappointed. Dimon said that in a competitive market, […]
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Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions Read More »
The pitch for medical AI is that it frees clinicians to care for patients. Two stories this week suggest the reality can run the other way. In New York, nurses say software replaced them. In Minnesota, a former Mayo Clinic leader says the software was not safe to trust. Marilyn Shuler spent 39 years reading […]
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Medical AI was meant to help. This week it replaced nurses and dodged its own checks Read More »
Two hundred economists, sixteen of them Nobel laureates, have signed a statement on AI and the economy. The punchline: the smartest people in the room are telling you they cannot see the road. Economists do not usually panic in public. This week, more than 200 of them did it together. On Monday a group of […]
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200 economists just admitted they can’t see where AI is taking the economy Read More »
Companies are ordering staff to lean on AI, then handing the credit to the machine. Researchers call it the AI penalty, and workers say it is costing them promotions and raises. Aubrey spent more than a year on a project to speed up a costly medical manufacturing process. When she finished, her manager asked her […]
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Bosses want you to use AI. Then they credit the AI Read More »
Amazon’s cuts have reached a scale that is hard to absorb. The company has laid off more than 57,000 corporate staff since 2022, around 16% of that workforce, CNBC reports. The pace has accelerated sharply. Roughly 16,000 people went in late January, three months after more than 14,000 others, the steepest cuts in the company’s history. […]
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Amazon has cut 57,000 jobs, and the people who kept theirs are not fine either Read More »
Volkswagen has announced plans to gut its sprawling product range as it fights the worst crisis in its history. The carmaker will cut its model lineup by up to half over the coming years, CNBC reports. The group will also shrink production capacity to nine million vehicles a year. That is well below the 12 million […]
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Volkswagen will halve its model range, but stays silent on the 100,000 job cuts Read More »
Half of young workers feel guilty when they use AI to do their jobs. Yet the same skills are fast becoming something their employers demand. That is the bind facing Gen Z at work, according to a new global survey from the employment platform Employment Hero. The company calls it “the AI paradox.” In the […]
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Half of Gen Z feel guilty using AI at work. Employers now rank it above a degree Read More »