A survey finds that global banks could cut as many as 200K jobs in the next three to five years as AI encroaches on tasks currently carried out by human workers
- Back, middle office roles at risk, Bloomberg Intelligence says — Banks' profits could surge due to improved productivity
Bloomberg Intelligence: the Magnificent Seven's combined profit growth is projected to slow from 34% in 2024 to 18% in 2025, or just 3% if Nvidia is excluded
www.wheresyoured.at/rotcombubble/ [embedded post] Mastodon: Dare Obasanjo / @carnage4life@mas.to : Magnificent 7 (FAANG + Nvidia + Microsoft + Tesla - Netflix) profit growth is expected to slow from 3...
Bloomberg Intelligence: Apple moving just 10% of its production capacity out of China, where ~98% of iPhones are made, would take around eight years
Supply Lines is a daily newsletter that tracks Covid-19's impact on trade. Sign up here, and — American companies have had a growing list …
Analysis: Amazon is projected to spend ~$15B on programming including sports in 2022, ahead of Netflix's $13.6B, Disney+'s $9.5B, and Apple's $6B
Good afternoon from Los Angeles. I am headed to Singapore and Seoul at the end of the month. If there is anyone I should meet while I am there … Tweets: @lucas_shaw , @lucas_shaw , and @astaniscia86...
Profile of Roblox CEO David Baszucki, aka “builderman” on Roblox, who sees his company playing a significant role in the metaverse
Bloomberg : Tweets: @klee_adrian Tweets: Adrian Klee / @klee_adrian : In March, Roblox went public with a $40 billion market valuation. “Bloomberg Intelligence estimates the metaverse could become an...
Profile of Roblox CEO David Baszucki, aka “builderman” on Roblox, who sees his company playing a significant role in the metaverse
In March his online gaming company went public with a $40 billion market valuation. — A parent's first glance at kids playing Roblox can be bewildering. Tweets: @klee_adrian Tweets: Adrian Klee / @k...
Analysis: Instagram is estimated to be worth more than $100B if it were a stand-alone company and is on track to cross 2B users within the next five years
Bloomberg Nick Salerni / iPhone in Canada Blog : Instagram Estimated to be Worth $100 Billion: Bloomberg Hanna Kozlowska / Quartz : Buying Instagram is probably the smartest thing Facebook has ever do...