Journalism begins where hype ends

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The use of AI is never a purely technical matter: when it enters processes that affect people’s lives, it touches on rights, opportunities, status and freedom"

—Pope Leo XIV

Block CEO Dorsey Fires 4000 Staff Due to AI Even After Significant Profit

Jack Dorsey the CEO of Block Inc has decided to fire 4000 staff from the company due to AI

Jack Dorsey claims AI has fundamentally changed how companies are run as he fires 40% of his staff despite netting $2.87 billion gross profit last year.