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Some companies tie AI to layoffs, but the reality is more complicated

Some companies tie AI to layoffs, but the reality is more complicated

By MATT O’BRIEN, Associated Press Technology Writer

The one thing N. Lee Plumb knows for sure about being laid off from Amazon last week is that it wasn’t a failure to get on board with the company’s artificial intelligence plans.

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Plumb, his team’s head of “AI enablement,” says he was so prolific in his use of Amazon’s new AI coding tool that the company flagged him as one of its top users.

Many assumed Amazon’s 16,000 corporate layoffs announced last week reflected CEO Andy Jassy’s push to “reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company.” read more

Stocks, gold and silver steady following wild swings overnight

Stocks, gold and silver steady following wild swings overnight

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Wild swings that swept through financial markets overnight eased as trading headed westward to Wall Street on Monday. U.S. stocks rose following sharp drops in Asia and then gains in Europe, while gold and silver prices rallied back from severe earlier losses.

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The S&P 500 added 0.7% and is on track to snap a three-day losing streak. The Dow Jones Industrial Average was up 506 points, or 1%, as of 1:05 p.m. Eastern time, and the Nasdaq composite was 0.9% higher.

Stocks of companies that make computer storage helped lead the market, adding to gains from last week following several profit reports that topped analysts’ expectations. Airlines and cruise-ship operators were also strong, benefiting from a sharp easing of oil prices. read more

Hulk Hogan’s beach house is going up for sale in Clearwater

Hulk Hogan’s beach house is going up for sale in Clearwater

Come Monday, you can own the home of pro wrestling legend Hulk Hogan when 1040 Eldorado Ave. in Clearwater officially lists for $10.98 million.

The star’s longtime beachfront residence features five bedrooms, five-and-a-half bathooms and a huge, covered outdoor area with panoramic views of the Gulf and a heated pool and spa.

Hogan, whose real name was Terry Bollea, lived in the home until his death in July at age 71. Hogan purchased the house in 2012 for $3.3 million, downsizing from a 12,000-square-foot Belleair mansion on the Intracoastal Waterway that he sold for $6.2 million.

The 5,400-square-foot home featuring a striking dual staircase entry in front is being listed by Martha Thorn of the Thorn Collection and Coldwell Banker Realty, a news release stated.

The home was built in 2009 and features teak, marble and natural stone floors plus a private elevator.

Hogan’s family has hired a law firm to investigate whether the hospitals and doctors that treated the famed pro wrestler before his death committed medical malpractice. read more

Job titles are out and skills are in, Wharton expert says. Here’s what employers want to see

Job titles are out and skills are in, Wharton expert says. Here’s what employers want to see

By Ariana Perez-Castells, The Philadelphia Inquirer

Job hunters beware: some of the hard-earned skills listed on your resume are going unnoticed by potential employers.

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Workers’ profiles on job posting websites often feature general abilities, like leadership, communication, teamwork, and problem-solving, a recent report from the Wharton School says. But they’re not highlighting the “specialized, execution-oriented skills,” employers are seeking. That’s created a “skills mismatch economy.”

“People are not representing their skills in a way that’s necessarily resonating with the skills that employers want,” said Eric Bradlow, the vice dean of artificial intelligence and analytics at the Wharton School, who co-authored the report. read more

Orlando Sentinel 150: Tourists have long loved Orlando; Disney made it a whole new world

Orlando Sentinel 150: Tourists have long loved Orlando; Disney made it a whole new world

As part of the Orlando Sentinel’s 150th birthday, on the first Sunday of each month, we will report on a topic that helped shape the Central Florida of today and how we covered that topic. This month, we cover tourism and theme parks.

Before there were thrill rides, costumed characters, nightly fireworks spectaculars and millions of out-of-towners, Central Florida had a very big draw for tourists: The sun.

The warmth and natural beauty of the Sunshine State drew Northerners seeking seasonal escapes and setting the table for Central Florida’s tourism industry to bloom. Decades later, Walt Disney’s strategic, secretive land purchases would ignite the transformation of Orlando into the “theme park capital of the world.”

Today, more than 75 million tourists travel to Orlando each year, filling more than 130,000 hotel rooms in the area and spending $60 billion at theme parks and other attractions. The hospitality industry employs more than 290,000 people. Tourists’ extended visits fill Orlando International Airport with arrivals and departures, jam roads with rental cars and fill local coffers with more than $380 million in tourism-tax dollars, some of which are used through Visit Orlando to entice even more people to come to Central Florida. read more