Amid reports of Vice Media preparing to file for bankruptcy, here’s a look at some of the momentous—and inglorious—milestones the maverick digital company has reached since it launched in 1994 as a street culture magazine in Montreal before exploding into a digital titan.
Samsung became the latest in a list of major firms to ban the use of generative AI tools in the workplace amid concerns that it could lead to leaks of sensitive information.
The Writers Guild of America has asked its 11,500 members to halt all script writing and begin picketing on Tuesday.
Joyce, who was appointed CEO in 2008, will be succeeded by the Group’s current chief financial officer, Vanessa Hudson.
Some 7,800 human jobs could be replaced in the coming years by AI programs, IBM CEO Arvind Krishna told Bloomberg.
Jamie Dimon, the CEO of the country’s largest bank, asserted last month it was “absurd” to suggest titans like JPMorgan would benefit from the collapse of several regional banks.
While regional banks struggle to hold onto deposits, and maintain net interest margins, Apple and Goldman’s new savings account is showing big inflows.
JPMorgan Chase has agreed to assume all deposits of First Republic bank as part of a deal inked with the FDIC.
“I’m really frankly worried that millions of people are going to be without a job by the end of this year.”
First Republic’s stock cratered on Friday, and is now down 98% from its 52-week high.