Separating AI hype from reality.
Nvidia's board of directors accepted founder and CEO Jensen Huang's resignation late Wednesday, with the announcement coming Thursday morning, ending his 33-year run at the helm of the world's dominant AI chipmaker. The move followed Huang's admission of an extramarital affair…
Nvidia's board of directors accepted the resignation of co‑founder and CEO Jensen Huang on Wednesday, announcing it Thursday, ending a 33‑year reign that made the company the central supplier of chips for the AI boom. The move follows Huang's admission of an extramarital affair…
Meta eliminated roughly 8,000 roles in May — about 10% of its workforce — and scrapped plans to fill 6,000 open positions, while simultaneously earmarking $115 billion to $135 billion in capital expenditures for 2026, nearly double the $72 billion spent in 2025. The company also…
Swedish buy-now-pay-later company Klarna is rebuilding its human customer-service team less than two years after CEO Sebastian Siemiatkowski claimed an AI assistant was doing the work of 700 full-time agents. The reversal, confirmed by the company and documented in new workforce…
Reserve Bank of Australia Assistant Governor Sarah Hunter said on Monday there was limited evidence that artificial intelligence had meaningfully lifted productivity and caused widespread job losses. Her assessment challenges narratives of immediate economic transformation.
Unusual Whales, a market-data platform, has published a summary of a Guardian article reporting that several large companies are pulling back on internal AI-agent deployments after early rollouts created cleanup work and failed to deliver productivity gains. Unusual Whales…
U.S. employers added 165,000 jobs in October, well above the 65,000 economists had forecast, and the unemployment rate edged down to 4.1%. The strongest gains came in professional and business services — a broad category that includes legal, consulting, scientific research and…