Financial Briefs
AI’s impact on the future of work is highly speculated and discussed as it transforms the job market and changes the skills in demand. By 2025, AI is expected to create 133 million jobs and automate 75 million jobs globally. This presents opportunities for more creative and rewarding work while automating routine tasks. Customer service …
AI’s Impact on Jobs and the Labor Market: Future of Work Read More »
Microsoft’s Q3 earnings and guidance surpassed analysts’ expectations, resulting in a 9% increase in share value during extended trading on Tuesday. The company earned $2.45 per share and generated $52.86 billion in revenue, exceeding Refinitiv’s expected $2.23 per share and $51.02 billion, respectively. For Q4, Microsoft’s finance chief, Amy Hood, predicted revenue between $54.85 billion …
Microsoft’s Earnings Beat, Expects AI to Boost Revenue Growth Read More »
AI has vast potential in cybersecurity, including early threat detection, phishing prevention, and offensive applications. It’s also expected to alleviate the cyber-skills gap by reducing security team workloads. However, ‘AI’ has become a buzzword, leading to misconceptions and misrepresentations. Speaking at RSA 2023 Conference, Diana Kelley, CSO at Cyberize, emphasized the need for accurate evaluation …
AI in Cybersecurity: Going Beyond Hype for Real Understanding Read More »
US tech firms have laid off 131,000 workers this year, but fintech companies are hiring. Though, fintech roles may require different skill sets than traditional tech jobs due to their startup culture and value on interpersonal skills. Fintech hiring managers seek adaptable individuals with grit, as the environment can be unpredictable. Katie Hamm, a senior …
Microsoft’s cloud growth may have slowed down to its lowest rate in five years, amid the challenging economic climate. The tech giant is set to report Q3 earnings of $16.7bn or $2.24 per share, which is almost unchanged from last year. Investors will be closely watching the Intelligent Cloud segment, Microsoft’s largest for the last …
Microsoft’s Earnings May Be Impacted by Slower Cloud Growth Read More »
UBI gains traction as a solution to job loss due to advanced tech, with guaranteed income programs starting in US cities since 2020. OpenAI CEO Sam Altman believes UBI is only a small part of the solution and won’t solve the problem entirely. He considers UBI an enabling technology, but not a complete plan for …
Charles Nenner, former head of market timing at Goldman Sachs, warns of the end of the US dollar hegemony and its consequences. He predicts the BRICS bloc and Saudi Arabia’s influence will undermine the dollar as a reserve currency, leading to a flight to safety. Nenner, a renowned financial cycles analyst, recently changed his previous …
Charles Nenner’s Warning: US Dollar’s End and Consequences Read More »
Twitter users have started a movement called #BlockTheBlue, blocking accounts with blue checkmarks after Twitter stripped many public figures, media outlets, celebrities, and businesses of their verified status. The blue checkmark used to denote a verified account from a prominent organization or person, but now it’s reserved only for paid subscribers of Twitter Blue. This …
Twitter’s #BlockTheBlue: A Fresh Take on ‘Verified’ Accounts Read More »
IKEA’s largest store owner, Ingka Group, has announced a massive $2.2 billion investment plan for expanding its footprint in the U.S. over the next three years. This move includes the upgrade of existing IKEA stores in the country and the opening of 17 new locations – eight large retail outlets and nine smaller “plan and …
IKEA’s $2.2B US Investment and Expansion: Unveiling 17 New Stores Read More »
Google is consolidating its AI research divisions to keep up with other tech giants. The new unit, Google DeepMind, will include the DeepMind and Google Brain teams from Google Research. The goal is to work collaboratively across Google product areas to deliver AI research and products. A scientific board will oversee research progress and unit …
Google merges AI research into DeepMind for enhanced focus Read More »
