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US Business Giants Bet Big on Generative AI Despite Data Security Concerns
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US Business Giants Bet Big on Generative AI Despite Data Security Concerns

Nearly all US companies with revenues over $1B are set to invest in generative AI, eyeing major ROI while weighing risks like data security and workforce readiness.

SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs
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SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs

SAP SE announces a major restructuring plan, allocating €2 billion to reorient 8,000 roles towards AI-driven business areas, in response to the rapidly evolving tech industry landscape.

IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk
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IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk

The IMF warns that AI could impact 40% of global jobs, rising to 60% in advanced economies. This trend may exacerbate income inequality, with younger workers adapting more easily than older ones. The IMF urges comprehensive safety nets and retraining programs to mitigate the effects.

NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment
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NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment

The NEAR Foundation has announced a 40% reduction in its workforce, impacting 35 team members, as part of a strategic realignment to focus on high-impact activities and further decentralize the ecosystem. Despite this change, the Foundation maintains strong financial health and a commitment to advancing key areas in the Web3 space.

Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams
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Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams

Google recently laid off hundreds of employees from its Voice Assistant and hardware teams. The layoffs are part of the company's cost-cutting measures and strategic restructuring amidst the rising competition from companies like Microsoft and OpenAI.

AI's Mainstream Impact and Workforce Dynamics in 2023
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AI's Mainstream Impact and Workforce Dynamics in 2023

2023 was a transformative year for the workforce, marked by AI becoming mainstream, changes in job roles and hiring processes, the rise of hybrid work models, the decline of corporate jargon, and notable increases in job interview compensation.

BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation
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BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation

BlackRock Inc plans to lay off 600 employees, following a similar pattern from 2023. Meanwhile, it eagerly awaits the SEC's decision on its Bitcoin ETF application, a potential game-changer in the crypto market.

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans
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KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.

Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce
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Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce

Microsoft and AFL-CIO's partnership marks a significant step in integrating AI into the workforce, focusing on worker education, labor rights, policy influence, and ensuring AI meets workers' needs.

California Advances in Generative AI with New Report
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California Advances in Generative AI with New Report

The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.

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