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Block Slices Workforce, Raises Questions About AI Washing

Jack Dorsey’s fintech company Block announced it was cutting nearly half of its workforce as it bets big on AI. But skeptics say investments in technology may not be the only reason for the layoffs. J.P. Gownder, vice president and principal analyst on the Future of Work team at Forrester Research, joins Caroline Hyde on…

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Jack Dorsey’s fintech company Block announced it was cutting nearly half of its workforce as it bets big on AI. But skeptics say investments in technology may not be the only reason for the layoffs. J.P. Gownder, vice president and principal analyst on the Future of Work team at Forrester Research, joins Caroline Hyde on “Bloomberg Tech.”
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11 Comments

11 Comments

  1. @paulomateus3083

    February 27, 2026 at 3:27 pm

    I didn’t know that Elton John was an expert on AI

  2. @flytoday

    February 27, 2026 at 5:10 pm

    the US runs out of power first

  3. @eatfastnoodle

    February 27, 2026 at 6:08 pm

    how can anyone take him seriously with that thing on his face?

  4. @tomaszjagodzinski2352

    February 28, 2026 at 1:02 am

    Looks more and more like all that noise is about pouring concrete and buying chips for data centers. And waiting for the moment when broligarchs can fire all that annoying “people”

  5. @meerarajamani77

    February 28, 2026 at 12:02 pm

    Everyone just keeps talking about new job creation but no one is talking about how much income will these new jobs create. Ground realities are so different from what experts are talking and analysing on social media.

  6. @supersnapp

    February 28, 2026 at 1:26 pm

    When is Elton John going to start touring again?

    • @jasonsargent5030

      February 28, 2026 at 3:34 pm

      😂😂

  7. @fredyoman

    February 28, 2026 at 5:34 pm

    That eyeglass is hilarious 😂😂😂
    Dude trying look smarty pants 😂

  8. @fredyoman

    February 28, 2026 at 5:38 pm

    Why a man wears purple glass and pink lipstick????😂😂😂

  9. @HoldMyBeerFam

    March 1, 2026 at 3:51 am

    You analysts need to do your fkn jobs. Bozos

  10. @HoldMyBeerFam

    March 1, 2026 at 3:52 am

    Elton John the AI expert over here

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Bloomberg Technology

Intel’s Big Raise, Apple’s iPhone Roadmap | Bloomberg Tech 8/11/2026

Bloomberg’s Ed Ludlow breaks down Intel’s upsized $20 billion share sale, raising a third more than it was targeting when it announced the deal on Monday. Plus, sources tell Bloomberg that Apple’s glass-centric iPhone overhaul is still on track for 2027, even after an analyst’s report said it had been cancelled. And, drone startup Neros…

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Bloomberg’s Ed Ludlow breaks down Intel’s upsized $20 billion share sale, raising a third more than it was targeting when it announced the deal on Monday. Plus, sources tell Bloomberg that Apple’s glass-centric iPhone overhaul is still on track for 2027, even after an analyst’s report said it had been cancelled. And, drone startup Neros raises $250 million in a funding round that triples its valuation.

00:00:00 – Bloomberg Tech Begins
00:01:08 – Ian King, Bloomberg News
00:03:39 – Carol Schleif, BMO Wealth Management
00:10:56 – Anurag Rana, Bloomberg Intelligence
00:14:01 – Spencer Soper, Bloomberg News
00:17:04 – Chris Pavlovski, Rum Group CEO
00:23:00 – Denitsa Tsekova, Bloomberg News
00:26:28 – Olivia Solon, Bloomberg News
00:30:17 – Soren Monroe-Anderson, Neros CEO & Shaun Maguire, Sequoia Partner
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

RUM Group’s $3 Billion AI Opportunity

RUM Group posted record quarterly revenue as its push into AI infrastructure begins to show up in results following its acquisition of Northern Data. CEO Chris Pavlovski joins Bloomberg to discuss the company’s Quake AI business, its push to monetize more than 250 megawatts of power capacity and what he calls a $3 billion annual…

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RUM Group posted record quarterly revenue as its push into AI infrastructure begins to show up in results following its acquisition of Northern Data. CEO Chris Pavlovski joins Bloomberg to discuss the company’s Quake AI business, its push to monetize more than 250 megawatts of power capacity and what he calls a $3 billion annual revenue opportunity. He also explains why the company’s Rumble video platform gives it an edge as AI expands into robotics. He joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Sequoia Bets on Neros for American Drone Future (Correct)

Drone startup Neros has raised $250 million in a round co-led by Sequoia that triples its valuation to $2.5 billion as it expands beyond strike drones into autonomous systems and drone interceptors. CEO Soren Monroe-Anderson and Sequoia partner Shaun Maguire join Bloomberg to discuss plans to ramp up drone production, the race to build a…

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Drone startup Neros has raised $250 million in a round co-led by Sequoia that triples its valuation to $2.5 billion as it expands beyond strike drones into autonomous systems and drone interceptors. CEO Soren Monroe-Anderson and Sequoia partner Shaun Maguire join Bloomberg to discuss plans to ramp up drone production, the race to build a US supply chain independent of China, and why they ultimately see a path to producing one million drones a year. They join Ed Ludlow on “Bloomberg Tech.” (Corrects description of Sequoia’s involvement in Neros funding in headline.)
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