Groupon Cuts Hundreds of Jobs as It Bets Its Future on AI
Groupon is cutting up to 400 jobs, nearly a quarter of its global workforce, as the company restructures around artificial intelligence. The layoffs are part of a broader plan to make the discount e-commerce platform an “AI-native” company, meaning Groupon wants artificial intelligence embedded into the core of how it serves customers and merchants. The […]
A Reversal in AI Investment Could Shake Economies and Trigger a Stock Market Selloff
Investors should stop asking whether the artificial intelligence boom will end and start asking what will happen when it slows. His main point is not that the AI rally is about to collapse immediately, but that every major technology investment boom eventually loses momentum. Because today’s AI spending has become so large, even a modest […]
