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24.05.26 - 04:30
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Ferrari Fever Hits Samsung, SK Hynix Workers As AI Memory Boom Mints New Wealth (ZeroHedge)
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Ferrari Fever Hits Samsung, SK Hynix Workers As AI Memory Boom Mints New Wealth
The global memory boom, with Samsung at the epicenter of the production ecosystem, appears to be generating a sudden wealth effect among some employees, with local media reporting that newly enriched chip workers are now panic-buying luxury sports cars.
A short clip from MBC News, the news division of Munhwa Broadcasting Corporation and one of South Korea's top national TV and radio broadcasters, featured at least one exotic car dealership reporting a sharp uptick in Samsung Electronics and Hynix employees seeking to buy high-end sports cars.
"We've been getting dozens of phone calls every day for the past month. The customers coming in are mostly employees from Samsung Electronics and SK Hynix. There have been a lot more people coming to look at cars priced over 100 million won (~$73,000 USD)," a MBC reporter could be heard saying in the news segment.
Just in: Employees at high-end and supercar deale...
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24.05.26 - 02:27
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"I Think It Will Reduce Our Jobs": Jamie Dimon Predicts AI-Driven Workforce Shift At JPMorgan (ZeroHedge)
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"I Think It Will Reduce Our Jobs": Jamie Dimon Predicts AI-Driven Workforce Shift At JPMorgan
Artificial intelligence is set to significantly alter hiring patterns at JPMorgan Chase & Co., according to CEO Jamie Dimon, who said the bank expects to recruit more AI-focused talent while reducing reliance on some conventional banking roles over time, according to Bloomberg.
During a Bloomberg Television interview at the firm's China Summit in Shanghai, Dimon acknowledged the long-term impact AI is likely to have on employment across the industry. “I think it will reduce our jobs down the road,” he said. “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.”
The shift reflects a broader transformation underway on Wall Street, where major banks are accelerating investments in automation and generative AI to streamline operations and improve efficiency. Executives acro...
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23.05.26 - 21:48
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AI Content Is Swamping The Internet: How It Impacts Critical Thinking (ZeroHedge)
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AI Content Is Swamping The Internet: How It Impacts Critical Thinking
Authored by Autumn Spredemann via The Epoch Times (emphasis ours),
A never-ending flood of content generated by artificial intelligence is reshaping the internet and the way people engage with information faster than ever.
Illustration by The Epoch Times, Freepik
From news summaries to social media posts to academic research, the sheer volume of machine-assisted materials has been correlated with a spike in "cognitive offloading" - a phenomenon in which people outsource critical thinking and verification to automated systems.
A 2025 analysis of how AI tools affect cognitive offloading showed a "significant negative correlation" between frequent use of AI tools and the ability to think critically in people across age groups and educational backgrounds. The researchers at the SBS Swiss Business School found that younger age groups exhibited a higher amount of dependence on AI models and lower critical think...
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23.05.26 - 19:51
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Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe (ZeroHedge)
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Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe
In a rare public comment that Nvidia is growing more sensitive to downstream risk, CEO Jensen Huang was quoted by Bloomberg News as saying Super Micro Computer must strengthen internal compliance controls after Taiwanese authorities detained three people accused of smuggling banned AI chips to China.
"Ultimately, Super Micro has to run its own company," Huang told reporters on Saturday in response to the chip smuggling scheme. "I hope that they will enhance and improve their regulation compliance and avoid that from happening in the future."
The U.S.-based server and data-center hardware company primarily builds high-performance servers, storage systems, networking gear, and complete AI/data-center racks for various customers, but most importantly for those working on edge computing and artificial intelligence workloads.
Huang said Nvidia is "rigorously" explaining the c...
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23.05.26 - 17:48
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How big tech got its way on Trump′s AI executive order (The Guardian)
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The US president's reversal on calling for a safety review of new AI models is a green light for tech's unchecked powerOnly hours before Donald Trump was set to sign a long-awaited executive order on Thursday that would have called for a government safety review of new artificial intelligence models before their release, the president abruptly backed out. Despite growing public backlash to the technology and experts warning new models will pose critical security risks, Trump vowed the US government would not slow down the AI race.During a meeting with reporters on Thursday, Trump cited both American dominance and competition with China and as his reasoning behind the reversal. Continue reading......
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