Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-07-12T14:07:00+00:00
Oracle's annual filing citedAIadoption among the drivers of 21,000 job cuts in fiscal 2026. Snap cut 1,000 people and the CEO said rapid AI advances meant a smaller team could do the same work. At college graduation ceremonies this spring, speakers who brought up AI got booed. By May,Challenger, Gray and Christmasfound AI was the primary reason cited for nearly 40% of U.S. job cuts. In January it was 7%.Mark Cubanhad been watching this play out andposted on X. It drew nearly 2 million views. The post,covered by Fortunewithin hours of going up, was blunt. Cuban said major AI companies have already lost the public relations battle. They keep talking about the technology and ignoring the people most threatened by it. He told them what to do: go to the towns losing jobs and ask what they need.
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.