Meta. Nike. Intuit. UPS. It seems every day a new company announces layoffs, often citing AI as the cause. AI is already reducing US monthly payroll growth by roughly 16,000 jobs in the past year, according to a recent Goldman Sachs report.

Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better returns on AI investments. Instead,…

A recent headline claimed that the list of things AI cannot do is shrinking. As artificial intelligence becomes more powerful, concerns are growing over jobs, automation and the…