Monday, August 19

What you missed today

Author

Max
August 19, 2024

Good evening!

We’ve seen a lot of companies embracing AI, but not a lot standing up against it… until now.

Here are the 7 things you missed today:

1.  🚙 GM Layed Off Over 1,000 Employees

In an effort to streamline its software and services division, General Motors is laying off more than 1,000 salaried employees globally. The layoff comes less than six months after major changes in the department’s leadership.

2.  💸 If You're Making over $100k, You're Overpaying Taxes…

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3. ✒️ AMD Signed a $4.9Bn Deal To Compete With Nvidia

Watch out, Nvidia. AMD is coming for the chip market leader, as seen in its latest plans to acquire AI infrastructure group ZT Systems in a $4.9 billion cash and stock transaction. The deal should help AMD accelerate its Instinct line of AI data center chips – a competitor with Nvidia’s GPUs.

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5. 🚂 Canada’s Potential Rail Shutdown Could Have Major Economic Effects

Canada’s two largest railroad operators – Canadian National Railway and Canadian Pacific Kansas City – issued lockout notices on Sunday to the Teamsters union, which represents nearly 10,000 workers. The potential labor stoppage could inflict billions of dollars of economic damage and could disrupt rail trade across North America.

6.  🚫 iPad App Procreate is Anti-AI

If you’re looking for AI art tools, you won’t find them on Procreate. The popular iPad design app released a statement on its website today that it will never introduce generative AI features into its products even if it puts the company “at risk of being left behind.”

7.  🏍️ Harley-Davidson Dropped DEI Initiatives

In response to online pressure from conservatives, Harley-Davidson announced that it’s ending its diversity and progressive initiatives, including ending its relationship with the Human Rights Campaign and reviewing all sponsorships and affiliate organizations.

Bonus. CEO Tip Of The Day

Feeling the stress of entrepreneurship? Here are 6 ideas of techniques to manage and reduce the mental load.

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