AI Bias Analysis
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As Persian Gulf states build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: Pacific Investment Management Co.
Source
Bloomberg Markets
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Meta plans to lay off 10% of its workforce, equaling about 8,000 employees, as the company continues to ramp up investments in artificial intelligence.
Bloomberg's Jacob Lorinc joins Scarlet Fu on "Bloomberg Markets." Freeport-McMoRan fell after the copper miner warned that a slower ramp-up at its flagship Grasberg mine in Indonesia will weigh on future production. The top US copper producer said it’s pushing back the restart schedule at the Grasberg complex after discovering new challenges with specialized equipment needed to restart operations following last year’s deadly mudslide. (Source: Bloomberg)
The dollar jumped as new reports of intensifying hostilities in the Middle East dampen optimism for the potential end to the conflict.
