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Morgan Stanley Survey Reveals Artificial Intelligence Cuts Global Jobs but Boosts Productivity

Key Points: The adoption of artificial intelligence led to a 4% net drop in global corporate headcounts over the past 12 months. Smart software eliminated 11% of positions, but companies offset the damage by bringing in 18% new hires. United States businesses bucked the global trend and reported a 2% net gain in overall employment. Overall corporate productivity jumped 11.5% as companies deployed automation across...

Foxconn Launches Two New Satellites on SpaceX Rocket to Expand Space Technology Push

Key Points: Taiwanese electronics giant Foxconn successfully launched two new low-Earth orbit satellites into space on Sunday. A SpaceX Falcon 9 rocket carried the PEARL-1A and PEARL-1B satellites from a launch pad in California. Both satellites will orbit the Earth for 5 years to test new communication and space science technologies. The mission highlights the company's effort to expand beyond smartphone manufacturing and enter the...

College Students Abandon Tech Majors for Human Skills as Artificial Intelligence Threatens Jobs

Key Points: Roughly 70% of college students view artificial intelligence as a direct threat to their future careers. Many young adults are dropping computer science and analytics programs to study marketing, art, and communication. University leaders admit they do not know exactly what the job market will look like in 10 or 20 years. Nearly 48% of Generation Z workers believe the risks of artificial...