“Physical AI” and related automation is coming faster than most realize, and it adds another dimension to the threat of AI-fueled human job Replacism that we have long forecast.
Author: admin (Kendrick Williams)
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SPOTLIGHT: BIGS GETTER BIGGER
Drug colossus Novartis will pay as much as $3.075 billion to buy out private equity firm Blackstone’s majority share of Anthos Therapeutics.
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SPECIAL REPORT: CHINA’S TECH SURGE
China’s tech stocks are surging in price in the wake of start-up DeepSeek’s announcement of its world-class artificial intelligence system developed at a fraction of the costs that Western developers have incurred to create theirs.
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LUXURY GROUP KERING’S SALES DIVE
Kering, the luxury conglomerate that owns 21 luxury brands including Brioni, Cartier, and St. Laurent, posted fourth-quarter sales down 12 percent to €4.4 billion, year on year, sunk by weakness in Gucci, the division that accounts for half of its sales and two-thirds of its profits.
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MICHELIN MAY EXPAND U.S. FACTORIES, EUROPE IS “NO LONGER ECONOMICAL”
French tire company Michelin is considering expanding its U.S. production facilities so it can make more tires in America and avoid looming tariffs president Donald Trump has threatened to impose on all goods arriving from Europe.
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NESTLÉ’S 2024 SALES GROWTH, WEAKEST IN 25 YEARS, SHOWS SIGNS OF TURNING
Last year, international food conglomerate Nestlé reported overall sales growth of 2.2 percent, the weakest in more than 25 years as cash-strapped consumers switched their purchases to generic or discount alternatives to nationally-advertised brands.
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TECHNOCRACY BRIEFS: AI DATA MONSTER FEEDING ON YOUR DNA
The surveillance needs AI to know and feed off every observable phenomenon, in order to advance and bring in profits, something we have long warned, made news again this past week.
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AI BRIEFS
Meta will jettison about 4,000 employees, or roughly 5 percent of its workforce, as the company devotes more focus to AI.
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PARIS AI SUMMIT SHOWS INCREASING RESISTANCE TO REGULATION
At last week’s two-day Artificial Intelligence Action summit in Paris, something was missing that had been present at past gatherings in Britain and South Korea: extensive discussions of AI’s risks and how to mitigate them.