This should be $2.4 TRILLION, not billion…
ECONOMY
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AI Boom Drives $2.4B Market Cap Gains for Tech Giants
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2023 is the year of AI… per @Accel
, the AI boom helped drive a $2.4 billion gain the market caps of the world's biggest technology firms including Microsoft, Meta, Google, Amazon and Apple – and saw Nvidia enter the big leagues of the "$1 trillion club." -
AI-Driven Layoffs: Conservative Predictions for Future Job Losses
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This is only the beginning. So many more layoffs will happen due to AI. And that’s conservative me thinking out loud.
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China’s Real Estate Debt Crisis Impacts American Companies
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appreciate the Semisonic reference in this @lopezlinette special https://
businessinsider.com/china-xi-jinpi
ng-economy-real-estate-debt-bust-american-companies-2023-10
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Technology Acceleration and Growth: The Path Forward
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Marc’s post strikes at the heart of what it means to be a technologist and underscores why acceleration is important. Without growth there is only death. For whatever quibbles people have with technology and the change it brings, it has always been the only path to
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LinkedIn cuts engineering staff amid revenue growth slowdown
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LinkedIn is making cuts to its core engineering group as revenue growth has slowed for the past two years, according to a memo i've seen. cuts are in finance and HR too, i understand
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E&O Insurance Risk Assessment for AI Business Practices
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Hilariously this is possibly +EV from an underwriting perspective because anyone incapable of doing this most basic bit of business is probably a terrible E&O risk.
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Insurance Challenges for Payment Processing Companies in 2026
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Having one of those mornings where I’m trying to put my best salaryman face on via an insurance underwriter who is convinced I am uninsurable because I process credit cards.
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AI Automation Eliminates Repetitive Professional Tasks Quarterly
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“How many times did you do this in October?” Four. “How many people were involved in doing that?” At least eight unique individuals. “Like bookkeepers or AP clerks?” Half were highly paid professionals. Waste of time and talent! Now avoidable! Yay!
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US Regulatory Burden on Business: Political and Tax Compliance Justification
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Like most political questions, "Why does the United States impose a multibillion dollar paperwork burden on all productive enterprise?" comes down to "The American people, through their elected representatives, believe such a burden is just, to prove taxes are paid as owed."