Kit Gillet

1 week ago | businessinsider.com | Kit Gillet |Rebecca Rommen |Henry Blodget

As aerial strikes between Iran and Israel continue, Russia may be feeling the ripple effects across the Black Sea. "The conflict will likely negatively impact the future provision of Iranian military equipment to Russia," the UK Ministry of Defence said in an intelligence update on Thursday. The UK MOD said that "Iran has supplied significant quantities of one-way attack uncrewed aerial systems" to Russia, as well as having provided "extensive support" to its production of these drones.

1 week ago | businessinsider.com | Kit Gillet |Joshua Zitser |Henry Blodget

Reid Hoffman, the venture capitalist who cofounded LinkedIn, said AI will transform jobs, but he rejected the idea that it will result in a "bloodbath" for job seekers. "Yes, I think people are underestimating AI's impact on jobs," Hoffman said on an episode of the Rapid Response podcast, released Tuesday.

1 week ago | businessinsider.com | Kit Gillet |Joshua Zitser |Henry Blodget

The Russian economy is "on the brink" of entering a recession, the country's economy minister warned on Thursday. Speaking at the St. Petersburg International Economic Forum, a major annual business event in Russia, Maxim Reshetnikov said data showed the economy "cooling."When a moderator asked him to describe the state of the economy, he said it seemed that the country was "on the verge of going into recession," according to Russian news agency Interfax.

1 week ago | businessinsider.com | Kit Gillet |Joshua Zitser |Henry Blodget

Air India announced Wednesday it would cut its international schedule by 15% in the coming weeks, citing last week's deadly plane crash and the ongoing conflict in the Middle East. "The curtailments are a painful measure to take, but are necessary following a devastating event which we are still working through and an unusual combination of external events," the airline said in a statement provided to Business Insider.

1 week ago | businessinsider.com | Kit Gillet |Rebecca Rommen |Nora Redmond |Henry Blodget

Amazon CEO Andy Jassy has told employees that "efficiency gains" from AI would reduce the company's "total corporate workforce" in the next few years. Jassy may be the most prominent CEO to say AI is coming for people's jobs, but he's far from the first. This is the advice CEOs have been giving about how to use AI — and avoid losing your job as a tech revolution threatens to reinvent the world of work.