Search results for David Solomon
AI & Enterprise
Apollo says no clear evidence yet AI is cutting jobs
Apollo Global Management chief economist Torsten Slok said there is no evidence so far that AI is reducing jobs. Citing the ADP National Employment Report, he said private-sector employment is still rising and companies are hiring workers needed to adopt AI. He wrote that demand for AI implementation specialists is increasing and data center expansion is pushing up wages for AI talent and prices for semiconductors, equipment and energy.
Crypto
Crypto ties account for 40 percent of U.S. CEO delegation joining Trump\'s China visit
About 40 percent of the U.S. CEO delegation accompanying President Donald Trump on his China visit is directly or indirectly linked to cryptocurrency businesses, a report said. Trump is expected to visit Beijing this week with about 17 executives to meet President Xi Jinping, with the trip set for May 13 to 15. The delegation spans technology, finance, aerospace and agriculture, while attention focuses on firms tied to digital assets and related market implications.
Crypto
Prediction markets grow, JPMorgan CEO says it may one day take part
JPMorgan Chase CEO Jamie Dimon said the bank might one day be able to enter prediction markets, but drew a line at offering sports- or politics-related markets. He said there are things the firm will not do and that it has strict rules on insider information. Prediction markets have been expanding, with Goldman Sachs also reported to be reviewing possible participation as competition among platforms intensifies.
