Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions
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 th…
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India’s Udaan secures $160 million in new funding as it races to fix its balance sheet before an IPO
Indian B2B ecommerce platform Udaan has secured $160 million in a funding round that combines fresh equity from a new investor, additional debt, and …
Monzo founder Tom Blomfield joins Anthropic’s compute team
Tom Blomfield built two of Britain’s best-known fintech companies. Now the Monzo founder is joining Anthropic, and his job is to help crack the AI in…
Decoupling from China would cost the West $23.6tn
Cutting the West’s reliance on China would carry a staggering price. A new study puts the cost of decoupling from China at $23.6tn over 25 years, and…
France thinks cheap power is its AI edge. Now it must decide who plugs in
France believes its cheap, low-carbon electricity is Europe’s overlooked advantage in AI. A debate has now opened over that power. Should it go to ho…
Samsung pulls its first Yongin chip plant forward to 2029
Samsung Electronics is moving to begin operations at the first chip plant in its Yongin cluster in 2029, one to two years earlier than planned, indus…
The 6 best scar creams that complement today’s consumer beauty tech
The convergence of advanced skincare science and consumer electronics is rewriting the rules of personal care. For decades, individuals relied entire…