IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum

IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum

The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).


World's Richest Billionaires Like Elon Musk and Jeff Bezos Doubled Fortunes as Poorest Get Poorer, Oxfam Says as Davos Opens

The combined wealth of the world's richest five men has more than doubled since 2020, while some five billion people have been made poorer, according to anti-poverty group Oxfam.

JPMorgan Chase Rises Above Rivals, Makes More Annual Profit Than Any US Bank Ever

JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.

Microsoft Surpasses Apple as World’s Most Valuable Public Company

Microsoft has emerged as the most valuable publicly traded company, outpacing Apple. In a significant shift of financial standings, Microsoft emerged as the most valuable publicly traded company on Friday after briefly outpacing Apple during intraday trading Thursday.


Latest News

Kia Launches 'Platform Beyond Vehicle' Strategy, Reveals Several Concept EVs at CES 2024
Kia has unveiled its Platform Beyond Vehicle (PBV) future strategy at the CES 2024 in Las Vegas. Kia has unveiled its Platform Beyond Vehicle (PBV) future strategy at the 2024 Consumer Electronics Show (CES) in Las Vegas.
Morgan Stanley's Investment Chief Offers Stock Market Playbook for 3 Economic Scenarios in 2024
Morgan Stanley's Chief Investment Officer, Mike Wilson, has offered a stock market playbook for three potential economic scenarios in 2024.
Alphabet’s Isomorphic Labs Partners With Eli Lilly, Novartis to Accelerate AI-Driven Drug Discovery
Isomorphic Labs, a subsidiary of Alphabet Inc., is set to accelerate AI-driven drug discovery after it entered into strategic research collaboration agreements with Novartis AG and Eli Lilly & Co.
Shein's Annual Revenue Is More Than $30 Billion, Key Retail Partner Says
The annual revenue of Chinese fast-fashion giant Shein is reportedly more than $30 billion. The annual revenue of Chinese fast-fashion giant Shein is more than $30 billion, according to Jamie Salter, the founder and CEO of Authentic Brands Group, a key retail partner of Shein.
Elon Musk's 'Illegal Drug Use' Is Worrying Executives at SpaceX and His Other Firms: Report
Executives at SpaceX and some of the other businesses that Elon Musk runs have reportedly expressed concern over his alleged drug use, according to a new report.
Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally
US cryptocurrency exchange Coinbase is making strategic moves to introduce crypto-linked derivatives in the European Union (EU) by acquiring a company with a license to do so.
Bitcoin Price Soars Above $45,000 for First Time Since April 2022
Bitcoin surged above $45,000 on Tuesday, marking its highest value since April 2022. Starting 2024 with positive momentum, Bitcoin surged above $45,000 on Tuesday, marking its highest value since April 2022.
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
Nvidia to Launch a New Slower Gaming Chip in China to Comply With US Export Controls
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.
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