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| Sci-fi prognostications: A top White House economist dubbed the weekend report about AI risks that had roiled the stock market "science fiction." Pierre Yared said the paper violates basic economics to say that AI will destroy jobs because it's so productive. Memory prices bite HP: The maker of computers and printers said its annual profit will be at the low end of its previous forecast as costs for memory chips continue to rise. DoorDash shrinks: The food delivery operator said it's pulling out of four countries in Asia, a sign that fierce competition and thin margins across the sector are weighing on its overseas ambitions. | |
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| Basis, an AI-for-accounting startup, raised $100 million in a round that pushed its valuation to unicorn status at $1.15 billion. Founded in 2023, Basis is among several startups providing AI technology to accounting firms. Backers of the firms say fewer people are becoming accountants and those who are remain in the profession will need the AI tools to keep up with demand for their work. | |
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| Coffee-shop chatter in South Korea can get extremely geeky, with the latest topic of hot discourse percolating around the subject of high-bandwidth flash, writes Yoolim Lee. This upcoming storage standard is set to be the next major step for the memory industry, exciting retail investors and engineering students alike, as Korea seeks to reinforce its lead in the critical technology. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. | |
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| The Eternal Life of Goldman, a new video game scheduled for release later this year, sets its characters on an adventure in a fantastical land that gets at one very Jewish question — whether a life full of disappointments and suffering is worth living, Jason Schreier writes in this week's Game On. Sign up for the Game On newsletter to go deep inside the video game business with reporting and analysis from Jason Schreier. | |
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