Jamie Dimon says JPMorgan has slashed 40% of jobs in some departments, thanks to AI
JPMorgan Chase has reduced headcount by 30% to 40% in certain departments through artificial intelligence adoption. Most affected employees were offered positions elsewhere in the company, though the bank expects AI token expenses to increase in the second half of the year.
Microsoft’s emissions rose 25% last year. Experts say they’ll surge even more dramatically in the years ahead
Microsoft's total emissions increased 25% in 2025, driven primarily by growth of its AI data centers and pausing use of certain renewable energy certificates. Three upcoming gas power plant projects totaling 4.75 gigawatts of capacity are expected to emit over 15 million metric tons of carbon dioxide annually.
Meta faces discrimination lawsuit over AI use in mass layoffs
Meta's May layoff of nearly 8,000 employees involved AI systems including keystroke monitoring and performance dashboards that allegedly penalized workers on medical or family leave. Current and former staffers filed a federal lawsuit claiming the AI-driven termination process disproportionately targeted employees with disabilities or protected leave status.
Meta sued by 26 employees who say its AI systems targeted workers on medical leave for layoffs
Meta is being sued by 26 employees claiming AI systems disproportionately targeted workers with disabilities or on medical leave during layoffs. The lawsuit alleges the company used productivity metrics and AI token usage data to select employees for termination.
Inside PepsiCo’s digital twin revolution
PepsiCo used specialized lasers to scan a factory and create a digital 3D model accurate to within a millimeter, then simulated manufacturing processes to identify bottlenecks and test new layouts before reconfiguring the physical facility. The company generated millions of simulations using AI-powered digital twins to optimize hardware, software, and worker navigation through the space.
Dimon says AI already eliminated 30 to 40 percent of jobs in some JPMorgan divisions
Artificial intelligence has already eliminated 30 to 40 percent of jobs in certain JPMorgan Chase divisions, according to CEO Jamie Dimon. The bank's leadership indicated that competitive market pressures mean these job cuts may not significantly improve profit margins.
South Korea Turns More Bullish on Economy as Chip Boom Rolls On
South Korea's government projects stronger economic growth than the International Monetary Fund forecasts, attributing sustained gains to artificial intelligence-driven semiconductor demand. The government believes this chip boom will offset economic damage from the Middle East conflict.
SK Hynix Slides More Than 20% in Two Days as AI Trade Unravels
SK Hynix stock fell more than 20 percent over two days in Seoul as global AI hardware stocks declined sharply. The selloff raised concerns that chipmakers' strong rally earlier in the year had become overextended.
Why a borrowing binge by investors is a warning sign for the stock market
Investors are borrowing increasing amounts of money to purchase stocks through margin debt to amplify their returns. This rising debt level is causing concern among Wall Street analysts about market conditions.
Micro freight sector has outgrown pavements and now needs dedicated hubs
Delivery bike companies are sharing data with cities to help plan infrastructure for the growing micro freight sector. Cities can use this information to quickly build dedicated hubs that improve working conditions for delivery drivers.
Your next budget problem may not be electricity—but your water bill
Water rates have risen three times faster than inflation and could become unaffordable for over one-third of U.S. households within a decade due to hotter, drier conditions straining aging infrastructure. Stanford researchers modeled Santa Cruz, California to demonstrate how climate change could worsen the water affordability crisis.
ANALYSIS: Lobbying will always be with us — it needs more transparency
South Africa's policy-making processes lack transparency around lobbying activities, as demonstrated by recent disputes involving Resolve Communications and Eskom's privatization. Increased scrutiny is beginning to expose how policies are actually developed behind closed doors.
These are the application keywords that will bring in top creative talent
Job postings for creative roles use "genius" language over twice as frequently as words emphasizing curiosity and experimentation. University of Toronto researchers analyzing over 9,000 postings found hiring managers favor terms like "visionary" and "unique" rather than "curious," "observant," and "experimental."
Companies keep talking about the motherhood penalty. They’re missing the motherhood advantage
Mothers who become more selective about work demands often face penalizing evaluations and lower salary recommendations despite unchanged job qualifications. In resume audits, childless women received more than twice as many callbacks as equally qualified mothers.
The new rules of leadership start with emotional intelligence
Leaders increasingly need emotional intelligence,the ability to recognize, understand, and manage emotions in oneself and others,rather than relying solely on technical skills and authority. Employees now seek authentic connections with leaders who respect them as individuals and create safe environments for expressing ideas and questioning established practices.
In a tough job market, don’t make AI your only career coach
AI can provide helpful career guidance for certain tasks, but overrelying on it risks undermining real relationships and networking. A 2025 MyPerfectResume survey found that 54% of people obtained their jobs through connections rather than AI assistance.
Surge pricing hurts gig workers and consumers. Here’s how to fix it
Surge pricing algorithms adjust ride and delivery costs based on demand fluctuations, but research shows drivers receive minimal benefit while consumers face volatile prices. Massachusetts implemented a $34.48 minimum hourly wage for rideshare drivers following a 2024 settlement with platforms.
Why you should be skeptical about financial advice from chatbots
Nineteen percent of surveyed adults reported losing over one hundred dollars following financial advice from AI chatbots. Chatbots provide confident recommendations without acknowledging uncertainty or considering individual circumstances like a spouse's health status that could significantly alter optimal financial decisions.
Kaiser nurses say AI is changing their jobs—for the worse
Kaiser Permanente implemented AI monitoring that evaluates nurses based on call duration, with calls exceeding 15 minutes triggering reprimands or performance score impacts. Nurses protested that this system forces them to follow scripts and limit advice, potentially compromising patient care quality.
LinkedIn is the ‘most AI-saturated platform,’ new study suggests
More than 40 percent of LinkedIn posts longer than 250 words were flagged as fully AI-generated, according to an AI detection study that scanned nearly 1 million posts across social platforms over two months. LinkedIn posts accounted for nearly two-thirds of all AI-flagged content despite representing only one-third of the scanned posts.
How leaders must upgrade their talents for the AI Age
Senior leaders must adapt their management approaches to support fewer employees using AI tools, as AI will eventually supplement or replace many elements of their traditional roles. Leaders need to upgrade their talent management skills to become change agents rather than simply maintaining current practices, given predicted exponential gains in AI capabilities.
10 years later, ‘Pokémon Go’ is as popular as ever
Pokémon Go reached 500 million downloads within two months of launch by overlaying gameplay on real-world maps and rewarding walking. The game generated over 1 billion dollars in revenue during 2024 and has earned an estimated 9 billion dollars total since its launch.
SK Hynix Raises $26.5 Billion in Biggest Foreign Debut in US
SK Hynix raised $26.5 billion through an American depositary receipt offering in the United States. The South Korean memory chipmaker's offering marks the largest US first-time share sale ever conducted by a foreign company.
Bezos opens Blue Origin to outside investors for the first time in 26 years
Blue Origin is raising approximately $10 billion in outside capital at a $130 billion pre-money valuation after 26 years of operation funded solely by Jeff Bezos. The rocket company's shift from private ownership marks its first external investment since its founding in 2000.
Charles Hudson shares the common mistakes he’s seen after investing in 500+ startups
Charles Hudson, who has invested in over 500 startups, identified common mistakes that prevent early-stage founders from securing funding. Hudson discussed these pitfalls and headwinds facing founders in an episode of Build Mode with Isabelle Johannessen.
Musk says he always wanted SpaceX staff to get rich, and thousands just did
SpaceX's public listing has made thousands of employees millionaires, including production line workers whose stock holdings exceeded $1 million each. Musk stated that several thousand people working in production have become millionaires through the company's IPO.
Walmart is latest grocer to cut prices amid high inflation and grocery costs
Walmart reduced prices on thousands of products by up to 50%, with ground beef dropping from $6.74 to $5.94 per pound and Coca-Cola 24-packs falling from $9.97 to $8.97. The price cuts took effect in stores and online at Walmart and Sam's Club, with discounts also applied to items like corn, cherries, laundry detergent, and household goods.
Investors haven’t been this bullish on the dollar in a decade. How the buck can keep climbing.
Investors are making their largest bullish bets on the U.S. dollar in ten years, with the strength depending partly on whether recent oil price increases sustain amid Middle East tensions. The dollar's continued climb relies on whether inflation concerns from higher oil prices convince the Federal Reserve to maintain tight monetary policy.
Three things every leader must do to hold the line against AI decision-making
A legal-tech startup leader gradually delegated decision-making authority to ChatGPT, progressing from using it for emails to consulting it before every meeting and making hiring and firing decisions based on its recommendations. The leader created "The Bible," an AI-generated handbook staff were required to study to avoid asking human colleagues questions.