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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Wolfspeed Soared Today — Is the Stock a Buy?
Wolfspeed (NYSE: WOLF) stock surged 8.4% in Tuesday's trading, driven by speculative momentum and chip industry news, despite no specific business updates, following its Chapter 11 bankruptcy filing in June. Remarkably, the stock has risen 273% since the bankruptcy announcement, with early gains reaching 22.9%. Explain It To Me Like I'm 5: Wolfspeed's stock went up a lot today, even though there wasn't any big news, because people are excited about the company and hoping...
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