NINTENDO SHARES FALL ON WEAK FORECAST, CHIP COSTS
Nintendo's stock dropped its steepest in three months after the company projected declines in hardware and software sales while warning that rising memory chip costs are eroding profits.
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Goldman Sachs CEO David Solomon says the bank won't face mass worker displacement from AI, despite rapid deployment across all organizational levels. Solomon shared his perspective on managing artificial intelligence across roles from back-office staff to senior investment bankers.
Robert Cohen, director of global developed credit at DoubleLine, predicts artificial intelligence debt will inevitably reach bubble levels, drawing parallels to historical investment cycles in railroads and the internet.
The European Parliament is replacing Google with French search engine Qwant as its default search tool across institutional computers. The shift reflects the EU's broader push toward digital sovereignty and reducing dependence on US technology.
French private equity firm Ardian has partnered with data center operator Verne to construct a €5 billion AI infrastructure facility outside Paris, targeting 500MW of total capacity as Europe races to build computational infrastructure for artificial intelligence.