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Harley-Davidson CEO to step down
Harley-Davidson announced on Tuesday that Jochen Zeitz plans to step down as chief executive, effective when a successor is appointed. During his tenure, Zeitz has boosted Harley’s profit but has seen sales of the bikes continue to decline. The company last year sold 151,000 motorcycles worldwide, less than half as many as it sold in…
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Bank of America is investing $4bn in AI and new tech initiatives
Bank of America is allocating $4bn — nearly a third of its overall technology budget for this year — toward new initiatives including artificial intelligence. BofA said Erica for Employees, the bank’s internal AI chatbot built on the customer-facing Erica, is being used by more than 90% its 213,000 employees, and this has reduced IT…
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Two Microsoft workers say they were fired for protest
Microsoft has dismissed two members of staff who interrupted the company’s 50th anniversary celebration to protest its work supplying artificial intelligence technology to the Israeli military. The company accused one of the workers in a termination letter of misconduct “designed to gain notoriety and cause maximum disruption to this highly anticipated event.” Microsoft said the…
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AI could have impact on 40% of jobs worldwide, UN says
The UN has said that the global artificial intelligence market will reach $4.8 trn by 2033, and warned that nearly 40% of jobs worldwide could be affected. The UN Conference on Trade and Development highlighted that while AI offers productivity gains, it also poses risks of job displacement, particularly in knowledge-intensive sectors. Rebeca Grynspan, the…
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Boeing CEO defends safety efforts
Boeing CEO Kelly Ortberg says the firm is focused on improving safety and not pressuring workers to speed up production, telling a U.S. Senate Commerce Committee hearing: “I’m not pressuring the team to go fast. I’m pressuring the team to do it right.” Lawmakers have raised concerns about Boeing’s quality control and oversight, particularly after…
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Black Americans face overdose crisis
According to a study published in JAMA Network Open, Black Americans are experiencing significantly higher rates of drug overdoses compared to their white counterparts. The research, led by Kechna Cadet from Columbia University Mailman School of Public Health, indicates that the overdose death rate for Black men surpassed that of white men in 2016 and…
