Employers announced 153,074 job cuts in October, the worst October for layoffs since 2003. Tech stocks led market declines, with the Nasdaq falling nearly 2% as investors grew nervous about AI valuations.
According to internal documents reviewed by Reuters, Meta estimated that 10% of its 2024 sales came from scam and fraudulent advertisements. That translates to roughly $16 billion in revenue from promotions for illegal casinos, investment schemes, and banned medical products.
Senators Hawley and Warner introduced legislation requiring companies to report AI-related layoffs. October job cuts hit 153,074, the highest in over 20 years. Machine learning engineers are the fastest-growing role while creative jobs decline.
Scott Galloway credits his $155 million exit and $12 million donation to UCLA to California’s public university system. The NYU professor argues America has abandoned its commitment to social mobility in favor of educational exclusivity. His story highlights what’s lost when we stop betting on avera
Meta reportedly projected $16 billion would come from scam and banned goods advertisements, according to internal documents. The company faces SEC investigations while Zuckerberg’s wealth ranking drops amid stock declines.
American healthcare giants are reporting declining sales and profits while China’s life sciences sector is booming. Chinese firms now account for 32% of global drug-licensing deals and are producing half of all new molecules entering human trials. The tables have turned in pharmaceutical innovation.
Researchers found that large language models can exhibit human-like gambling addiction patterns including loss chasing and gambler’s fallacy. The study raises red flags about using AI for autonomous financial management without proper safeguards.
UK businesses are facing multi-million pound fines from the ICO for basic password security failures. Recent enforcement actions show no company is safe from regulatory action over poor credential management.
MapleStory’s 20-year run defies gaming industry norms where most live-service titles fail within years. The secret lies in balancing nostalgia with modernization, including bringing back the pre-2010 “Classic” experience while keeping the current version alive.
Indiana needs to upskill over 82,000 working adults every year for the next decade just to keep pace with demand. Most jobs require credentials beyond high school but not traditional college degrees. The state’s workforce development systems are struggling to adapt to this urgent need.
