Business

Elon Musk backs ‘universal high income’ to combat AI job losses

Elon Musk turned heads Friday when he suggested that the federal government paying citizens a “universal high income” is the best way to combat AI-related job losses. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Musk said in…

Meta plans to slash roughly 8,000 jobs next month: report

Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report. The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May…

Ford recalls nearly 1.4 million F-150 pickup trucks over gearshift issue

Ford is recalling about 1.4 million F-150 pickup trucks in the U.S. following a National Highway Traffic Safety Administration (NHTSA) investigation into reports of unexpected downshifts, the regulator said on Friday. NHTSA’s recall announcement said Ford was aware of two injuries and one accident that were potentially related to the…