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US Tech Workers Are Paying the Price

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US Tech Workers Are Paying the Price of the AI Boom

Commuters in Moynihan Train Hall at Penn Station in New York, US, on Tuesday, May 19, 2026. New York City's transit system and Long Island Rail Road workers reached a potential labor agreement, ending a historic strike that suspended service on the largest commuter line in the US. Photographer: Michael Nagle/Bloomberg

Bloomberg Technology 2d ago

Pay workers 'as much as possible': Nvidia's Jensen Huang

Pay workers 'as much as possible': Nvidia's Jensen Huang "I pay my employees as much as I can," said Nvidia CEO Jensen Huang, head of the US artificial intelligence hardware giant that is the world's most valuable company. Companies should pay workers "as much as possible", Nvidia boss Jensen Huang said on Tuesday (Jun 2) ahead of a trip to South Korea, where Samsung Electronics recently averted a strike by making an agreement on bonuses with its union. Huang, head of the US artificial...

Channel News Asia 8d ago

AI Is Slowing Down

If you liked this piece, you should subscribe to my premium newsletter. It’s $70 a year, or $7 a month, and in return you get a weekly newsletter that’s usually anywhere from 5,000 to 18,000 words, including vast, detailed analyses of NVIDIA, Anthropic and OpenAI’s finances, and the AI bubble writ large (updated to version 3.0 last week). My Hater's Guides To the SaaSpocalypse, Private Credit and Private Equity are essential to understanding our current financial system, and my guide to how...

Hacker News 2d ago

South Korea’s booming stock market mints a generation of novice investors

South Korea’s booming stock market mints a generation of novice investors South Korean stocks are soaring, drawing first-time investors in a nation where property has long reigned supreme. Seoul, South Korea – When Kim Ha-young, a Seoul office worker in her 30s, came into a little unexpected cash last year after paying the deposit on her rented apartment, she did something she had never done before. Recommended Stories list of 4 items- list 1 of 4Israel kills 8 in southern Lebanon after...

Al Jazeera 16h ago

The US's slavery finding against Australia should come as no surprise

analysis Trump's tariff game has resumed and Australia could face some curveballs Thu 4 Jun 2026 at 12:00pm The US's proposal to use a tariff to punish Australia over slave labour should come as no surprise. That's not to say Donald Trump's "America First" priorities have morphed.

ABC Australia 6d ago

Wall Street needs a crash course in the token economy ahead of AI IPOs. SpaceX offers a preview

When OpenAI and Anthropic eventually exit the confidential IPO filing phase and make their prospectuses public, investors are going to be inundated with references to a term that remains unfamiliar to many on Wall Street: tokens. They're the new currency in artificial intelligence. They're how the big model companies get paid.

CNBC 1h ago

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives?

Malaysia’s wage growth lags behind GDP as ‘top firms are not scaling’ – what gives? A World Bank report in May found that Malaysia’s wage growth since 2010 has lagged behind its gross domestic product (GDP) growth in part because top firms in the country are not scaling up. KUALA LUMPUR: They form the top 10 per cent of businesses in Malaysia productivity-wise.

Channel News Asia 2d ago

Alex Vindman Survived Trump’s Retaliation Machine. Now He’s Running for Senate

Alex Vindman knows a thing or two about pissing off President Donald Trump. In 2019, Vindman rose to national prominence when he served as a witness during Trump’s first impeachment trial. If you’ve lost track of that particular scandal, it’s the one involving Trump, Ukrainian president Volodymyr Zelensky, the Biden family … and Vindman listening in on a troubling phone call in his capacity as the director for European affairs on the National Security Council.

Wired 1d ago

The AI IPO Race Heats Up, DOGE Whistleblower Sues Elon Musk, and Instagram Gets Hacked

This week on Uncanny Valley, we discuss why the race among the top AI companies to go public has just gotten started but is already creating bizarre repercussions—including numerous San Francisco real estate listings preferring Anthropic stock instead of cash. They also get into why Donald Trump’s new executive order on AI safety is underwhelming and how hackers were able to use Instagram’s AI chatbot to access high-profile accounts like President Barack Obama’s. Plus, we report on how a...

Wired 5d ago