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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

OpenAI Linked Stocks Fall on Report It Missed Targets | Bloomberg Tech 4/28/2026

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the fall in stocks linked to OpenAI after a report from the Wall Street Journal said the company failed to meet its own sales and user targets. Plus, a jury has been selected for the trial between OpenAI and Elon Musk over whether the company abandoned its founding…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss the fall in stocks linked to OpenAI after a report from the Wall Street Journal said the company failed to meet its own sales and user targets. Plus, a jury has been selected for the trial between OpenAI and Elon Musk over whether the company abandoned its founding mission. And, late-night host Jimmy Kimmel defends comments he made that prompted President Donald Trump to call for him to be fired.
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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

Amazon Inks Deal with OpenAI, Plans New AWS Applications

Amazon Web Services announced a partnership with OpenAI a day after that company ended its exclusivity deal with Microsoft. Amazon also plans to sell AI-powered productivity software for the office. AWS CEO Matt Garman speaks with Bloomberg Tech’s Ed Ludlow. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full…

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Amazon Web Services announced a partnership with OpenAI a day after that company ended its exclusivity deal with Microsoft. Amazon also plans to sell AI-powered productivity software for the office. AWS CEO Matt Garman speaks with Bloomberg Tech’s Ed Ludlow.
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Bloomberg Technology

Oil Giant Shell at ‘Inflection Point,’ Says CEO

Shell is entering an ‘inflection point’ according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company’s latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” ——– Like this video? Subscribe…

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Shell is entering an ‘inflection point’ according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company’s latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
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