“Guardrails” need to be put in place to make sure artificial intelligence (AI) is developed and used “safely and securely,” the prime minister has said. Speaking to journalists travelling with him in Japan, Rishi Sunak said he expects to have discussions with world leaders on AI at the G7 summit in Hiroshima. “If it’s used…
AI Could Eliminate 300 Million Jobs, Warns Goldman Sachs
Artificial intelligence (AI) could lead to the elimination of 300 million full-time jobs, according to a new study. A March 25th report by economists at Goldman Sachs Group (GSG) stated that improvements in AI technology may cause almost a quarter of existing positions in the United States and Europe to be replaced, but that new…
Wall Street Profits Soar Despite Accelerated Job Losses During Pandemic
While Wall Street profits hit near-record highs in the first half of 2021, New York City’s securities companies continue losing jobs at an accelerated pace according to a report released on Thursday. Wall Street profits surged in the first half of 2021 to $31 billion in pre-tax earnings beating an already outsized first half of…
Arizona Fully Recovers Pandemic Job Losses
More than 100 percent of private sector jobs in Arizona have been recovered since the beginning of the COVID-19 pandemic, according to the August employment report. The Arizona Office of Economic Opportunity report showed that Arizona has recovered 325,500 private-sector jobs since April 2020, representing 101 percent of private-sector jobs lost. Between July and August,…
Pandemic Has Erased 17,300 University Jobs
Australia’s universities are warning further job losses are on the horizon after more than 17,000 people in the sector were left unemployed last year because of the COVID-19 pandemic. The sector’s peak body, Universities Australia, estimates about $1.8 billion in revenue was lost in 2020 compared to the year before. Compared to pre-pandemic revenue for…
‘Costs Going Through the Roof at Worst Time’: Opponents Speak Out Against Carbon Tax
Energy and taxpayer advocacy groups warn that Canada’s Clean Fuel Standard (CFS) will create a “second carbon tax” that, coupled with the carbon tax, will make life less affordable and kill Canadian jobs. Franco Terrazzano, Alberta director for the Canadian Taxpayers Federation, calls the CFS a “second carbon tax” and predicts that “costs are going…
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