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While Wall Street seems to live and die on the slightest hints about the Federal Reserve’s rate stance, Chairman Jerome Powell doesn’t think the tech giants behind the AI boom will be swayed by incremental moves in monetary policy. After the Fed cut rates by another 25 basis points on Wednesday, Powell noted the AI … Read more
As is customary in the restaurant industry, Chipotle was facing steep turnover and a 50% retention rate. CEO Scott Boatwright’s strategy called for the taco-bowl chain to hire 10,000 workers to staff more than 300 new restaurants in 2025—with thousands more needed in the coming years. And ultimately, the senior team wanted a more stable, … Read more
Apple executive Eddy Cue rocked Alphabet shares earlier this week when, testifying during the U.S. antitrust case against Alphabet, he said that the volume of Google searches on Apple’s Safari web browser had declined for the first time in more than two decades. Cue attributed that declining volume to people using new AI-driven tools to … Read more
In an internal email surfaced as part of the Meta antitrust trial, Meta CEO Mark Zuckerberg fretted about the potential that the company’s Instagram acquisition may cannibalize Facebook. Were that to happen, it could lead to the “network collapse of the more engaging and profitable product,” a worried Zuckerberg told other Meta executives in a … Read more
Last Saturday, a developer using Cursor AI for a racing game project hit an unexpected roadblock when the programming assistant abruptly refused to continue generating code, instead offering some unsolicited career advice. According to a bug report on Cursor’s official forum, after producing approximately 750 to 800 lines of code (what the user calls “locs”), … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4