Amazon CEO: AI to Reshape Jobs and Reduce Corporate Workforce in Coming Years
Amazon CEO Andy Jassy stated that generative AI and autonomous agents will transform job functions and reduce corporate workforce needs over time. As part of Amazon’s evolving AI strategy, the shift highlights efficiency goals and reflects broader industry trends in automation and workforce adaptation.
Goodman Group Leads US$2.7B Data Centre Push to Power AI Growth in Hong Kong
Goodman Group has formed a $2.7 billion investment consortium with major global partners to develop and manage data centres in Hong Kong. The initiative targets growing AI and cloud computing demand in the Asia-Pacific, with six facilities offering 325 MVA of power capacity. The move reinforces Hong Kong’s role as a regional digital infrastructure hub.
AI to Add US$15.7 Trillion to Global Economy by 2030, But Challenges Remain
Artificial Intelligence is transforming sectors from finance to healthcare, with projections indicating a $15.7 trillion boost to global GDP by 2030. Markets like Australia and Hong Kong are accelerating adoption, yet face hurdles such as AI talent shortages, ethical concerns, and the dominance of tech giants. This report explores the economic impact, opportunities, and challenges of AI’s global rise.
Chinese Markets Surge on AI Innovation as Trade Tensions and Deflation Cloud Outlook
Chinese stocks saw a strong start to 2025, led by DeepSeek’s low-cost AI model. While tech shares and IPO activity surged, ongoing U.S.-China trade tensions, weak consumer demand, and deflationary trends continue to weigh on the broader economic outlook.
Goodman Group Accelerates AI Data Center and Warehouse Expansion Across Australia
Goodman Group, Australia’s leading industrial property developer, is ramping up investment in AI-driven data centers and automated warehouses. With major projects planned across Sydney and key global cities, the company is leveraging strategic partnerships and robust funding to meet growing demand for digital infrastructure and support Australia’s digital economy.
Anthropic CEO Warns AI May Replace 50% of Entry-Level White-Collar Jobs Within Five Years
Dario Amodei, CEO of Anthropic, has cautioned that AI advancements could eliminate up to 50% of entry-level white-collar jobs within five years. As companies accelerate AI adoption, experts emphasize the importance of workforce training and balanced policy responses to manage potential impacts.
Australia Expands Use of AI to Tackle Predatory Lending and Protect Vulnerable Borrowers
Australian regulators are increasingly turning to artificial intelligence to detect and address predatory lending. By integrating AI into oversight processes, authorities aim to protect vulnerable consumers and strengthen regulatory compliance as cost-of-living pressures persist and financial hardship complaints rise.
Citi Launches AI Tools for Hong Kong Staff to Boost Internal Efficiency
Citigroup has rolled out “Citi AI” tools to its Hong Kong employees, providing AI-powered support for tasks such as document summarization and policy retrieval. The initiative is part of Citi’s global strategy to enhance operational efficiency and aligns with local regulatory efforts to advance responsible AI use in financial services.
Hong Kong Invests HK$1 Billion in AI, Plans 10,000 Civil Service Job Cuts to Address Deficit
The Hong Kong government has announced a HK$1 billion investment in artificial intelligence research and development, alongside plans to reduce the civil service workforce by 10,000 positions by 2027. The dual strategy seeks to stimulate economic growth through innovation while addressing significant fiscal pressures.
Microsoft Lays Off 7,000 Employees to Advance US$80 Billion AI Investment Amid Industry Shift
Microsoft is laying off 7,000 employees worldwide, or about 3% of its workforce, to support a major $80 billion investment in AI infrastructure and technology development. The cuts, affecting various departments and management levels, highlight a strategic realignment as Microsoft aims to strengthen its position in the competitive AI market while navigating macroeconomic pressures.
Foxconn Revises 2025 Outlook: AI Server Demand Soars Amid Currency and Trade Uncertainty
Foxconn, the world’s largest contract electronics manufacturer, has adjusted its 2025 outlook as currency fluctuations and U.S. trade uncertainties offset strong growth in AI server demand. The company remains focused on AI-driven expansion while navigating global supply chain risks.
AI Boosts JPMorgan’s Client Advisory Services, Driving 20% Sales Growth
JPMorgan Chase & Co. has integrated AI tools like Coach AI to enhance client advisory efficiency, achieving a 20% increase in gross sales from 2023 to 2024. This move highlights the growing role of AI in financial services, improving decision-making, reducing costs, and supporting rapid responses to market changes.
Microsoft Surpasses Q3 Earnings Estimates as AI and Cloud Drive Strong Growth
Microsoft’s fiscal Q3 2025 results exceeded analyst expectations, with $70.1 billion in revenue and a 13% year-over-year growth, driven by strong AI and cloud performance. The company’s strategic investments in AI infrastructure and partnerships, including its ongoing collaboration with OpenAI, underscore its focus on next-generation technologies.
AI Adoption Could Boost Global GDP by 15% by 2035, PwC Research Finds
A new PwC report predicts AI could raise global economic output by 15% by 2035, rivaling the industrial revolution in its impact. But the scale of benefit hinges on responsible use, climate considerations, and public trust. The report also details PwC’s AI strategy and the evolving structure of global industries.
OpenAI Launches Flex Processing: Lower API Costs for o3 and o4-mini with Trade-Offs
OpenAI has announced Flex processing, a new beta API option offering reduced costs for its o3 and o4-mini models. Targeted at developers with non-urgent workloads, Flex processing provides budget-friendly access but with slower response times and mandatory ID verification. The move strengthens OpenAI’s competitive position in the evolving AI landscape.
Trump Tariffs Shake AI Industry: Nvidia Hit, Markets React, Supply Chains Shift
The Trump administration’s aggressive trade measures—including a 125% tariff on Chinese goods and tighter AI export restrictions—have created new hurdles for the global AI industry. Companies like Nvidia face financial setbacks and supply chain challenges, while broader markets reel from increased uncertainty.
Apple Faces Federal Lawsuit Over iPhone 16 AI Advertising Claims
A new class-action lawsuit filed in California accuses Apple of misleading marketing for its iPhone 16, claiming the company promoted AI-enhanced Siri features that were not available at release. The case raises broader questions about tech advertising and consumer expectations in the AI era.
AI Boosts Sales and Confidence for Canadian Small Businesses, GoDaddy Study Finds
A recent GoDaddy study highlights how AI adoption is transforming Canada's small business landscape. With 28% of owners using AI tools to enhance productivity and customer engagement, businesses are seeing measurable boosts in revenue and optimism—especially those using GoDaddy’s AI tool, Airo.
UiPath CEO on AI’s Impact: Agentic Automation, Layoffs & the Future of Work
UiPath is navigating a new era of automation by integrating agentic AI with traditional RPA. CEO Daniel Dines outlines the company’s evolving strategy, including workforce reductions, a shift in sales focus, and the growing role of AI in reshaping workplace interactions and enterprise systems.
AI Projected to Add US$22.3 Trillion to Global Economy by 2030, IDC Finds
Artificial intelligence is projected to contribute US$22.3 trillion to the global economy by 2030, according to IDC’s latest analysis. The report highlights AI’s growing role across industries, its powerful economic multiplier effect, and global efforts to expand AI infrastructure to drive innovation and regional competitiveness.