Goldman Sachs top economist agrees that millions of Americans will lose jobs to AI; but rejects the idea that these will be permanently wiped out; says these CEOs are ignoring that …

Goldman Sachs’ top economist, Joseph Briggs has warned that AI adoption could displace about 9% of the US workforce which roughly accounts to 15 millions workers. According to a report by Business Insider, speaking on the bank’s Exchanges podcast, Briggs compared the disruption to the tech-driven upheaval of the late 1990s and early 2000s, noting…

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Canada’s CIBC, FMCG giant Nestle to open GCCs in Hyderabad | Hyderabad News

CIBC’s entry comes even as a long list of financial services companies already house GCCs in Hyderabad Hyderabad: FMCG giant Nestlé and Canadian Imperial Bank of Commerce (CIBC), one of Canada’s top five banks, are setting up their global capability centres (GCCs) in Hyderabad, adding fresh momentum to the city’s fast-expanding roster of multinational technology…

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