Author: Daniel snow

AI’s impact on the job market is ‘inevitable,’ says workforce expert

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[ad_1] For those concerned about AI’s impact on the job market, Amazon CEO Andy Jassy’s recent announcement may add even more fuel to the fire.In a memo to Amazon employees on June 17, Jassy shared that the company plans to cut down their corporate workforce in the next few years due to “efficiency gains” from using AI.”As we roll out more Generative AI and agents, it should change the way our work is done,” Jassy wrote. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs.”Earlier this…

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Super Micro shares fall on $2 billion convertible debt offering

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[ad_1] The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024.David Paul Morris | Bloomberg | Getty ImagesSuper Micro Computer shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in 2030. A company’s stock often falls on the announcement of a convertible offering because the eventual conversion to equity could dilute existing shareholders’ stakes. Super Micro, which has seen its business boom due to soaring demand for Nvidia’s artificial intelligence processors, said in a press release that it plans to use the proceeds from the…

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Airlines divert, cancel Middle East flights as Iran attacks U.S. base

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[ad_1] Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24.Courtesy: Flightradar24Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict.More than 20 commercial aircraft bound for Doha, Qatar, diverted, while another four heading to Dubai in the United Arab Emirates turned around, according to aviation data firm Cirium. Meanwhile, flight-tracking platform Flightradar24 said airspace over the UAE was closed. Reuters reported that the island nation of Bahrain also closed its airspace temporarily.British Airways said…

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Oil falls as investors dismiss risk that Iran could disrupt supplies

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[ad_1] Oil prices fell sharply Monday after a missile strike by Iran on a U.S. airbase in Qatar left no reported casualties, raising investors’ hopes that there might be a path to de-escalate the conflict.  U.S. crude oil futures fell $4.53, or 6.13%, to $69.31 per barrel by 2:18 p.m. ET. Global benchmark Brent was last down $4.68, or 6.08%, at $72.33.Iran launched a missile strike on the Al-Udeid Air Base in Qatar in retaliation for U.S. strikes on its most important nuclear sites over the weekend, according to a NBC News translation of Iranian state TV. Qatar subsequently confirmed…

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