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Is Jerome Powell’s Monetary Policy Killing Tech Jobs? High Rates, Layoffs, and the AI Distraction
Introduction The U.S. economy has been under pressure since the Federal Reserve raised interest rates to combat inflation. Fed Chair Jerome Powell has held rates high for longer than expected. His policies are shaping the tech sector in unexpected ways. Since 2022, more than 500,000 tech jobs have disappeared. Layoffs hit startups, mid-sized firms, and…
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xAI’s GPU Gold Rush: Smarter Future or Costly Tech Bubble?
Introduction Artificial intelligence is advancing at record speed, and Elon Musk’s xAI wants to lead the race. The company is making headlines with its plan to buy millions of GPUs for training large-scale models. But does bigger hardware automatically create smarter AI? Or could this massive spending signal the start of another bubble in tech?…
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OpenAI’s Open-Source Pivot: Strategic Move or Last Attempt to Stay Relevant?
Introduction The artificial intelligence (AI) industry is moving at breakneck speed. Every week, a new model or tool shakes up the market. But one recent announcement shocked the entire AI community: OpenAI decided to go open-source. After years of guarding its models, the company released GPT-0 and admitted it had been “on the wrong side…