Jack Dorsey's Block Doubles Down on AI Amid Layoffs
As Block, the fintech company co-founded by Twitter's Jack Dorsey, announces major job cuts, it is embracing artificial intelligence as a core driver of its future growth.
Block, the fintech company co-founded by Twitter's Jack Dorsey, is undergoing a significant shift as it navigates the current economic landscape. In a move that echoes the broader tech industry's recent layoffs, Block has announced plans to reduce its workforce by approximately 30%, or around 2,000 jobs.
However, amidst these challenging times, Block is also doubling down on its embrace of artificial intelligence (AI), viewing it as a fundamental driver of the company's future growth. Dorsey, the company's co-founder and former CEO of Twitter, has emphasized that AI
Source: BBC News
