AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech
The AI boom has been propping up U.S. growth for more than a year. But Goldman Sachs chief…
Goldman Sachs CEO David Solomon on AI’s economic impact: ‘There’s very little that we do where we need frontier models’
David Solomon spent Thursday announcing a $500 million AI push alongside four of the companies building the most…
The PTSB takeover looks like a done deal. It isn’t – The Irish Times
Wellington Management, the Boston-based investment giant and potential kingmaker in Austrian bank Bawag’s planned €1.62 billion takeover of…
John Malone’s MHL hotel group acquires Dublin Airport hotels from Tifco in ‘€100m deal’ – The Irish Times
MHL Hotel Collection, the hotel group backed by American billionaire John Malone, has agreed to buy two hotels…
PTSB chief defends bid remarks after Dáil claims of ‘misleading’ investors – The Irish Times
PTSB chief executive Eamonn Crowley has said he “did not intend to suggest” last October, as the bank…
Brexit gave Ireland a financial services jobs boost. Will AI wipe it out? – The Irish Times
Thirteen months after the UK’s Brexit vote on June 23rd, 2016, the chief executive of Bank of America…
Gen Z is losing the most in the AI economy—and Goldman warns it’s about to get worse
The net number of jobs AI is eliminating each month is shrinking. That sounds like good news. It…
‘Lower-value human capital’: banking boss too honest about AI job losses – The Irish Times
Standard Chartered chief executive Bill Winters found himself in hot water after describing thousands of employees as “lower-value…
KPMG and EY demote partners in end of job-for-life model in UK – The Irish Times
Winning promotion to the partnership of a Big Four firm was once a golden ticket to a lucrative…
‘I want to bring Penneys back to what Penneys was’ – The Irish Times
Every cloud has a silver lining and for fast fashion retailer Penneys that was the sale of socks…
The AI trade is over. Top Wall Street analysts say the AI opportunity might be just starting
The crash that was widely predicted just last summer hasn’t arrived yet. There was no single day when…
Goldman raises recession odds to 30% on higher inflation, lower GDP outlook as oil prices surge
Goldman Sachs is sounding a cautious note on the U.S. economy, raising its inflation forecast and trimming its…