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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Better Telecom Stock: AT&T vs. Verizon
Recent stock market volatility has highlighted the telecom sector's stability, with AT&T and Verizon emerging as strong investment options. AT&T is at a pivotal point, focusing on expanding its 5G and fiber-optic networks following a divestment of entertainment assets, projecting $16 billion in free cash flow (FCF) for 2024, while Verizon is also growing its mobile and fiber businesses, pursuing an acquisition to boost broadband connections. Both companies show promise, but AT&T has outperformed in...
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