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AI has triggered a wave of layoffs on Wall Street! The number of unemployed individuals in the next three years may exceed 200,000.
The report indicated that in the next 3 to 5 years, due to AI 'encroaching' on human jobs, Global Banks will lay off up to 200,000 people, with backend, mid-office, and Operation positions facing the highest risks. At the same time, 80% of respondents expect that generative AI will increase productivity and income by at least 5% during this period.
Are market worries excessive? Wall Street: NVIDIA's moat is robust, Blackwell has tight supply and demand, AI and accelerated computing drive sustainable growth.
UBS Group believes that NVIDIA has a strong moat in the AI field, and expects revenue to reach 133.2 billion US dollars in the fiscal year 2025. Citigroup believes that NVIDIA's growth is sustainable, stemming from four trends: the traditional computing market shifting to accelerated computing, AI becoming a new layer of computing, demand for AI factories, and AI empowering corporate productivity. JPMorgan forecasts that supply and demand in the Blackwell market may still be tight after 2025.
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Apple's vice president bids farewell to Indonesia! At the end of negotiations, the Indonesian minister surprisingly reaffirms the iPhone 16 ban.
① Negotiations between Apple and the Indonesian government took a turn at the last minute, with the Apple executive leading the talks leaving Indonesia on Wednesday, while the remaining team members continued negotiations; ② In October last year, Apple was banned from selling the iPhone 16 series due to failure to meet Indonesia's localization production requirements; ③ Apple proposed to invest 1 billion dollars to build a factory and train students, but the Indonesian Minister of Industry insisted that Apple produce iPhone 16 components.
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Hold more chips! SK chairman claims that its HBM development speed has exceeded NVIDIA's requirements.
①SK Group Chairman Chey Tae-won stated that SK Hynix's HBM chip development speed has surpassed NVIDIA's requirements, implying that it has more leverage in negotiations with NVIDIA; ② Chey Tae-won also mentioned that SK Hynix and NVIDIA are accelerating the research and development of HBM, with the supply volume for this year already confirmed; ③ In addition, SK Group plans to make AI Datacenters a major growth driver for the future.
Express News | Elon Musk says Tesla is aiming to build thousands of Optimus humanoid robots in 2025.