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02.07.26 - 21:24
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SAP Slows Hiring, Freezes Travel As AI Push Accelerates (ZeroHedge)
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SAP Slows Hiring, Freezes Travel As AI Push Accelerates
Not even a day after reports swirled that Microsoft was preparing to cut thousands of employees, and as the broader tech sector continues to hemorrhage white-collar workers replaced by chatbots, the latest AI-related job-displacement news is coming from Europe's largest software company.
Bloomberg reports that German enterprise software giant SAP, best known for software that supports large corporations running core business operations, is preparing to slow hiring and cut travel costs as it diverts more capital toward developing AI tools.
More color from the report:
Going forward, SAP will "exclusively focus new hiring on selected profiles only, mainly core Al roles, that are critical for our long-term success," the executive board said in an email to staff on Wednesday evening that Bloomberg reviewed.
Internal travel unrelated to AI development will be paused, and the company will look for ways to cut spending with suppliers....
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02.07.26 - 20:48
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Need To Make Sure The US Is The Leader in AI, Not China Says Rep. Smith (Bloomberg)
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Missouri Representative Jason Smith, a Republican, joined Balance of Power to discuss the year anniversary of the One Big Beautiful Bill as well as the recent news from OpenAI. When asked about the USMCA Rep. Smith said the Trump administration is saying it wants a better trading relationship through its decision not to renew its trade pact with Canada and Mexico. (Source: Bloomberg)...
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02.07.26 - 20:18
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Microsoft′s 6,000-Person AI Push (Bloomberg)
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Microsoft is building a 6,000-person AI deployment team to help businesses implement artificial intelligence. Bloomberg' Tech co-host Ed Ludlow explains why the move mirrors the forward deployment engineer model pioneered by Palantir and adopted by AWS, and why hands-on AI implementation could be the key to unlocking enterprise ROI. (Source: Bloomberg)...
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02.07.26 - 19:42
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Microsoft Shifts Strategy on Enterprise AI (Bloomberg)
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Microsoft is mobilizing 6,000 employees in a new unit aimed at helping enterprise clients better utilize AI. Judson Althoff, CEO of Microsoft's commercial business, discusses what is driving this move and what impact Microsoft hopes to see. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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02.07.26 - 19:42
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Nuclear Reactor Powers Nvidia AI Chip in US First (Bloomberg)
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Valar Atomics, a California-based nuclear startup, generated power from an advanced reactor to run an Nvidia AI chip. While just a trickle of electricity was produced, it's the first time a next-gen reactor has done so in the US. On the heels of a demonstration of Valar's Ward 250 reactor connecting to the Nvidia Blackwell chip at the company's site in Utah, Valar Atomics CEO Isaiah Taylor joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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02.07.26 - 19:06
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How AI Creates Jobs (Bloomberg)
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Lisa Simon, Chief Economist at Revelio Labs joined Bloomberg Open Interest to explain why a weaker-than-expected jobs report doesn't tell the whole story. Using hiring data from LinkedIn, Glassdoor, H-1B visa filings, she argues AI is helping fuel hiring, She explains why companies investing most heavily in AI are expanding both entry-level and experienced roles. (Source: Bloomberg)...
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