ORACLE CORP
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Mike Pyle, deputy head of BlackRock’s portfolio management group and a former top economic adviser in the Biden and Obama administrations, said investors should focus on how quickly AI affects jobs, not just the potential magnitude. He cited recent layoffs and staffing cuts at companies including Block, Amazon, Oracle, Coinbase, Cloudflare, and Meta.
The IMF said in a preliminary report on its latest Ireland mission that AI could affect more than 40% of jobs in Ireland, either replacing or complementing roles, and that realizing productivity gains requires ongoing reskilling. It cited Meta’s plan to cut 350 Irish jobs and Oracle’s plan to axe about 150. The IMF warned policy gaps could leave workers behind.
Microsoft has begun reducing employee access to Anthropic’s Claude Code and directing engineers toward GitHub Copilot CLI, according to multiple reports, as enterprise AI coding usage has raised operational costs. The reports say Microsoft’s broader partnership with Anthropic remains, including its multibillion-dollar Foundry agreement and Azure access to Claude models. Token-based pricing is cited as a key cost driver.
