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Coinbase to cut 14% of staff over impact of AI and volatile markets
Crypto exchange’s CEO says the technology is speeding up its processes, meaning fewer employees are needed
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ft.com
Banks seek to offload risk to avoid ‘choking’ on data centre debt
Global lenders explore private deals and risk transfers to cut exposure to AI boom
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Coinbase to cut 14% of staff over impact of AI and volatile markets
Crypto exchange’s CEO says the technology is speeding up its processes, meaning fewer employees are needed
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cnbc.com
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining
Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.
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Public and private markets vie for gains from AI job disruption
Corporate leaders are betting that automation will produce outsized returns
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The jury is still out on AI in finance
Recruiting digital natives with critical thinking skills is going to be crucial