Corporate executives, like IBM’s Arvind Krishna and Klarna’s Sebastian Siemiatkowski, are adopting artificial intelligence to automate tasks, freeing up employees for higher-value work. Klarna has saved $10 million annually using A.I. for marketing and cut back on hiring, reducing its workforce to under 4,000. Siemiatkowski’s candid approach to A.I. adoption highlights the potential for job automation and challenges the typical euphemisms used by executives and investors, shedding light on the future impact of A.I. on the workforce.
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US inflation fell more than expected to 2.8% in February
US inflation fell to 2.8% in February, below expectations, prompting speculation of Federal Reserve interest rate cuts amid slowing economic growth. President Trump's tariffs have caused uncertainty and market volatility, with concerns over potential inflationary impacts. The Bank of Canada also cut rates due to trade tensions, while sectors like medical care and used cars saw price increases in February. Full Article
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