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Recent Editions
Human Times
North America
The U.S. Federal Trade Commission is scrutinizing big tech firms that hire employees of a start-up instead of buying the companies outright. The growing practice is seen as a way to sidestep antitrust review. "We are beginning to examine these acqui-hires to make sure they are not an attempt to get around" the agency’s merger review process, FTC chairman Andrew Ferguson said in an interview with Bloomberg Television. He blamed the Biden administration's aggressive antitrust enforcement for encouraging companies to increase the practice.
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Human Times
UK
Four in five workers believe artificial intelligence is going to affect their daily tasks in the workplace, according to a survey of 27,000 workers and 1,225 employers that covered more than 3 million job postings across 35 markets conducted by Randstad. Gen Z were found to be among those most concerned as job vacancies requiring "AI agent" skills surged by 1,587%, the survey showed. The annual 'Workmonitor' report by the recruitment agency indicated that AI and automation are increasingly replacing low-complexity, transactional roles.
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Human Times
Europe
A PwC poll of more than 4,000 chief executives from 95 countries indicates that just over a quarter (26%) of firms have managed to drive down costs following investment in artificial intelligence, while 30% have boosted their revenue as a result of spending on the technology. More than half (56%) of the CEOs surveyed said AI hasn't produced revenue or cost benefits for their businesses to date. "A small group of companies are already turning AI into measurable financial returns, while many others are still struggling to move beyond pilots," said Mohamed Kande, PwC's global chairman. "That gap is starting to show up in confidence and competitiveness - and it will widen quickly for those that don't act."
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Human Times
Middle East
Saudi Arabia is transferring the scope of various Vision 2030 projects to the private sector to better manage timelines and avoid economic overheating, Economy Minister Faisal al-Ibrahim has said at the World Economic Forum in Davos. "The private sector is ready now and even more eager to participate," Ibrahim said, adding: "Recently, some entire scopes of projects were given to the private sector to deliver with some regulatory support and guidelines . . . We're very transparent. We're not going to shy away from saying we had to shift this project, delay it, re-scope it."
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