Strategist predicts Nvidia and AI disruption will persist, but warns AI may become a bubble

Strategist predicts Nvidia and AI disruption will persist, but warns AI may become a bubble

In a recent interview, Jim Thorne, chief market strategist at Wellington-Altus, discussed the impact of AI on the global economy with Quartz for their “Smart Investing” video series. Thorne predicts that AI will unleash the power of computer thought, leading to a digitized and commodified intelligence market. He compares the current stage of AI development … Read more

Telecom Layoffs to Persist in 2024 as Cisco, Telefonica, Telstra, Vodafone, and Other Companies Reduce Workforce – ET Telecom

Telecom Layoffs to Persist in 2024 as Cisco, Telefonica, Telstra, Vodafone, and Other Companies Reduce Workforce – ET Telecom

The global telecom industry faced significant job cuts in the first half of 2024 as companies sought to control costs and streamline operations. Factors such as inflation, the impact of AI, and uncertainty from suppliers like Ericsson and Nokia contributed to this trend. Reports from media outlets and company statements revealed that over 15,000 jobs … Read more