Finance

America’s productivity boom may have an unlikely hero: working from home

America has been experiencing a productivity boom for the past five years, and economists are debating what’s driving it. Loading audio narration… Stanford University economics professor and leading remote-work researcher Nicholas Bloom has one theory: remote work is playing a major role.In a LinkedIn post on Tuesday, Bloom shared a…

Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

Cisco is cutting “fewer than 4,000 jobs” as the networking giant restructures its business to focus more heavily on artificial intelligence, according to a memo from CEO Chuck Robbins published Wednesday. Loading audio narration… The layoffs, which affect less than 5% of Cisco’s workforce, come as the company reported stronger-than-expected…

Alexandr Wang wants AI’s feuding leaders to take a chill pill

Tensions are high in AI. Loading audio narration… The leaders of AI don’t seem to be on the best of terms. Feuds abound, from Sam Altman and Dario Amodei to Altman and Elon Musk — the latter of which is playing out in court.Meta’s chief AI officer, Alexandr Wang, has…