Anthropic debuts an early-warning system for potential AI-driven destruction of white-collar jobs and says it shows “limited evidence” of AI-led job loss so far
- An occupation's specific tasks; — An estimate of which of those tasks can be performed by large language models.
IBM shares closed down 13.15% after Anthropic outlined in a blog post how Claude Code can automate the exploration and analysis phases of COBOL modernization
International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology …
IBM shares closed down 13.15% after Anthropic outlined in a blog post how Claude Code can automate the exploration and analysis phases of COBOL modernization
Anthropic donates $20M to Public First, a super PAC pushing for AI guardrails and transparency in opposition to OpenAI-backed PACs, ahead of the US midterms
Anthropic donates $20M to Public First, a super PAC pushing for AI guardrails and transparency in opposition to OpenAI-backed PACs, ahead of the US midterms
Anthropic and OpenAI now have their own well-funded political groups that will square off in the midterm elections over artificial intelligence safety and regulation.
Software and data stocks plunge over fears that new AI developments will supplant software; ADBE fell 7.31%, CRM 6.85%, and Thomson Reuters 15.83% on Tuesday
From Legalzoom.com and Expedia to Ares and Apollo, shares of companies that sell or invest in software fell sharply on Tuesday
Software and data stocks plunge over fears that new AI developments will supplant software; ADBE fell 7.31%, CRM 6.85%, and Thomson Reuters 15.83% on Tuesday
From Legalzoom.com and Expedia to Ares and Apollo, shares of companies that sell or invest in software fell sharply on Tuesday
Research: US companies announced 153,074 job cuts in October 2025, the most for any October since 2003, as AI reshapes industries and cost-cutting accelerates
US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries …
Sources: Deutsche Bank is exploring strategies to hedge its exposure to data centers, like shorting AI stocks, after extending billions in debt to hyperscalers
Executives discussing options including shorting basket of artificial intelligence stocks or using derivatives to transfer risk
White House Press Secretary Karoline Leavitt says Amazon reportedly adding tariff pricing to each product on its site “is a hostile and political act by Amazon”
WATCH NOW — The White House on Tuesday slammed Amazon for reportedly planning to display the cost …
Nvidia reports Q2 revenue up 122% YoY to $30B, above $28.7B est., forecasts Q3 revenue above est., and approves an additional $50B in share buybacks
Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter.
Spotify lays off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, citing slow economic growth and rising capital costs, its third cut in 2023
Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”
Experts say LockBit is behind the Industrial and Commercial Bank of China hack, a “ransomware as a service” group that hacked the UK's Royal Mail, among others
- LockBit is what's known as a ‘ransomware as a service’ group — It is one of the most prolific ransomware attackers in world
A ransomware attack stopped the Industrial and Commercial Bank of China, the country's largest bank, from settling US Treasury and some equity trades
I've once again recently heard the famous words from a CEO, “We don't need your services, we are all covered.” … Tyrus Kamau : Ransomware attacks keep ravaging financial institutio...
SoftBank reports Vision Fund lost ~$2B in Q4, down from ~$16B in Q4 2022, leading to a ~$32B full-year loss; investments for the year to March fell to ~$3B
SoftBank Group Corp. lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate …
Sources detail Apple's efforts to shift production from China, including wooing other countries and assembling “tiger teams” to solve supply chain weaknesses
In late March, when Tim Cook made his first public appearance in China since the onset of the Covid-19 pandemic …
Shou Chew's answers to hostile questioning did little to calm the bipartisan fury aimed at TikTok, instead giving critics more fuel to insist the US ban the app
TikTok Chief Executive Shou Chew's appearance in Congress on Thursday did little to calm the bipartisan fury directed at the viral video-sharing service.
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
Analysis: Apple's 2020-2022 revenue per new hire was $2.51M, up from $1.17M during 2017-2019, and above Meta's $0.79M, Microsoft's $1.06M, and other peers
There's a reason why Apple Inc. is under less pressure than tech peers to slash jobs during the current slowdown: It hired more efficiently in the first place.