
Crypto
Coinbase cuts 14% of its workforce and focuses on AI
Brian Armstrong announces 14% job cuts at Coinbase. AI is replacing human workers, and the stock jumps 3.75% in pre-market trading.
Rédaction ActuTradingil y a environ 2 mois
3 articles on AI

Brian Armstrong announces 14% job cuts at Coinbase. AI is replacing human workers, and the stock jumps 3.75% in pre-market trading.

Meta shares fall 1% to $681.47. BofA cuts its target from $885 to $820 and fears exploding AI costs and layoffs in May.

A new study reveals that AI is now threatening skilled and cognitive tasks. Five million French people could see their jobs jeopardized over the next two to five years.