Dan was right with AI, employees will be replaced.
3 hours ago - Block Inc. announced a 40% workforce reduction to adapt to an AI-driven business model, triggering a 20-24% surge in its stock price.
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@ad Any value realized by AI should be subject to income tax.
@b8, yes anyone doing gastrointestinal procedures would be safe nurse, technician, Doctor etc. Oddly mothers not so much many just hand the kid a tablet and wonder why when they come of age they fail to move out, but yes the actual birthing would require their presence at least as of yet.
@as so the only truly secure jobs is being a mother or a proctologist
AI is inevitable. Any job able to be done remotely is doomed to be as relevant as horse whip manufacturing. Now not only are these jobs at risk to movement overseas they will be done by AI. The only truly secure jobs will require presence.
@ac what are you thinking providing actual facts?
I think the use of AI should be limited to individuals/persons and should not be allowed to be used/licensed to companies/legal entities to prevent mass layoffs....it will still promote growth, productivity, efficiency and overall wellbeing and it would not replace human responsibility....the AI Perflexity conceded that this is a better model than basic universal income.....my two cents...✌️
Block up 16% intraday. Only down 72% over the 5 year.
Sure looks like a winner
Will there be another RIF?
Somebody should ask AI how people are going to buy a company’s products when they are jobless. I’ll bet AI is programmed by the human overlords to never mention Universal Basic Income as a solution.
OP ID--T. VERIZON BOARD. GTFO.
Big win for Jack and the shareholders!!! We are truly in the golden age. God bless America!
you hit the nail on its head!
It is true that XYZ had good earning with strong full year guidance, the catalyst was announcing the 40% reduction.
It will the same path Dan will take to get the stock price to 65 then 75 targets.