Large companies in every sector of the economy are adopting AI and carving off parts of their human workforce as a result.
Category: 4 November 2025
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OPENAI FINALLY BECOMES A FOR-PROFIT BUSINESS
After almost a year of settling legal and regulatory issues, and concerns voiced by the attorneys general of California and Delaware, OpenAI has completed its transition to a profit-seeking business.
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CHATGPT MOVES IN ON ONLINE RETAILERS
As more people use chatbots to shop online, the retail industry will face a major shake-up and a threat to its way of doing business.
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AI HELPS EMPLOYEES FAKE EXPENSES FOR REIMBURSEMENT
In past times, padding expense accounts with fake receipts required some serious photo-editing skills or a co-conspirator in an outside company. Now a chatbot can whip up a fraudulent expense record in seconds.
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AI LIKES IT ROUGH
Being abrupt with a newer AI model or even insulting it might improve its’ performance, according to a recent experiment.
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ECB FREEZES INTEREST RATE AT 2 PERCENT
The European Central Bank (ECB) has decided to hold its policy interest rate at 2 percent where it has rested since June. The bank has taken two percentage points off the rate since June 2024.
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OPEC+ BOOSTS DECEMBER OUTPUT, THEN WILL PAUSE
At its 2 November meeting, OPEC+ agreed to increase oil output in December by 137,000 barrels a day. It also decided to pause production increases at least through March 2026 amid warnings of a looming global oil glut.
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GERMANY’S ECONOMIC DECLINE IS ‘DRAMATIC,’ THINKTANK SAYS
Germany’s economic productivity has flatlined since 2018 and the country’s economic decline is becoming “dramatic,” according to a report by the Ifo Institute, a German research organization widely regarded throughout Europe.
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EUROZONE ECONOMY GROWS AGAIN—BARELY—IN THIRD QUARTER
Economic output across the 20-country Eurozone edged up 0.2 percent in the third quarter, doubling the second quarter’s 0.1-percent rise but falling far short of the 0.6-percent expansion in this year’s first three months, the European Union’s statistics agency reported.
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LAYOFFS ARE ON THE RISE AROUND THE WORLD
Major employers including Amazon and Nestlé have announced plans to shed workers as consumers tighten spending, tariffs crimp global trade, and artificial intelligence (AI) replaces workers up and down the corporate ladder.