Remove economic-and-financial-indicators
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Global costs of cyber attacks in 2024 and the future

Dataconomy

The financial toll of such incidents escalated dramatically in 2023, reaching an estimated global cost of 8 trillion USD, encompassing data breaches and hostile account seizures. The integration of AI technology is poised to exacerbate this financial burden, with forecasts suggesting an 11% surge to 10.5 trillion USD this year.

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The evolution of consumer sentiment analysis tools and the role of startups

Dataconomy

Consumer sentiment is an economic indicator of well-being, often presented statistically. Consumer sentiment has the power to transform financial landscapes. Housing market trends are another indicator of consumer sentiment. Early analysis was time-consuming, labor-intensive, and not always reliable due to human error.

professionals

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Spotify will lay off 1500 employees

Dataconomy

Third wave of Spotify layoffs in 2023… CEO Daniel Ek revealed this decision on Monday, indicating a “significant” strategic redirection for the music-streaming giant. “Economic growth has slowed dramatically and capital has become more expensive.

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Musk crosses the rubicon: Grok goes open-source

Dataconomy

Groq’s Language Processing Units (LPUs) outpaced Nvidia’s GPUs in AI model processing, indicating a paradigm shift in AI processing power. Elon Musk’s emails with OpenAI revealed a contentious legal dispute centered around control and financial contributions. And @pmarca would you open source the manhattan project?

AI 202
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eBay layoffs 2024 hit 1000 people, roughly 9% of the workforce

Dataconomy

The eBay layoffs 2024 decision to downsize comes at a time when eBay, despite facing stiff competition from other e-commerce giants like Amazon, has managed to maintain a strong financial foothold in the market. Despite intense competition from giants like Amazon, eBay has remained relevant and financially robust.

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Emad Mostaque, Stability AI CEO resigns: Why the sudden exit?

Dataconomy

About a year prior, Mostaque appeared to place less emphasis on financial growth. It’s going to create way more economic value than self driving cars for example, the total investment in that has been $100b with no revenue pay off,” Emad Mostaque stated. Why did Emad Mostaque resign from Stability AI?

AI 113
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To understand the risks posed by AI, follow the money

O'Reilly Media

Even Einstein was not immune, claiming, “There is not the slightest indication that nuclear energy will ever be obtainable,” just ten years before Enrico Fermi completed construction of the first fission reactor in Chicago. OpenAI is already becoming a dominant player with US$2 billion (£1.6 billion) in annual sales and millions of users.

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