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Tech03:34 · 1h ago

AI Moguls Drive Tech's 'Scariest' Advance Amid Layoffs

By ירון כהן צמח
Translated & summarized from TheMarker by baba
The story · English

Despite widespread layoffs affecting numerous companies, including Wix, the leaders in Artificial Intelligence are accelerating the development of what is described as the "scariest technology in history." This rapid advancement in AI is occurring even as many individuals struggle to find employment, with one person lamenting the difficulty of securing a position despite having "200 resumes."

Meanwhile, the financial world continues to grapple with its own challenges and opportunities. One article discusses the "ancient sin" of lending, which has become the foundation of the entire financial system. Another highlights a special deal involving 129 new apartments in Netanya that has caused conflict between partners. Additionally, there are reports of significant financial activities, such as SunPower's substantial revenues and profits, and an investment of half a billion dollars by an entity named Moore into an Israeli casino game company.

Further financial news includes discussions on investing in Poland, a guide for Israeli investors on the S&P 500 index, and an explanation of how an ETF on the banking index operates. The article also notes six records set by the dollar-shekel exchange rate over the past 30 years. Concerns about the housing market are also present, with questions about where it is more difficult to sell apartments, Tel Aviv or Jerusalem, and the cost of 129 new apartments in Netanya.

Read the original at TheMarker
Full coverage · 1 outlets
First: TheMarker · 1h ago

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