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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On August 4, Axon Enterprise (NASDAQ: AXON) released its second-quarter financial report, leading to an 18% increase in its stock price, closing at approximately $745 per share. This rise contributes to a total year-to-date gain of 48% as of August 6. Want More Context? 🔎
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