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Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies - Venturebeat
Executives should begin by auditing their own internal workflows to identify where agentic AI can consolidate roles and flatten management hierarchies.
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI - AP News
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence. Jack Dorsey said tha…
Asian Stocks to Ebb as Nvidia Decline Dulls Mood: Markets Wrap - Bloomberg.com
The S&P 500 is set for a monthly loss after a whirlwind February in which twin fears of a bubble in the artificial-intelligence trade and of the technology’s disruptive power drove sharp swings.
Zillow predicts major mortgage rate change, homebuying shift - thestreet.com
The real estate technology company reports new research that indicates a massive turn of events in the housing market.
Bank of America resets Nvidia price target after earnings - Yahoo Finance
Nvidia (NVDA) reported its Q4 earnings on Feb. 25 after the bell. Despite the earnings smasher, the stock is trading 5.6% lower at the time of writing…
Netflix drops bid for Warner Bros, clearing way for Paramount takeover - BBC
Netflix’s decision to back down from the bidding war clears the path for Paramount to win the takeover battle.