"AI's Impact on Job Market: IBM Halts Hiring, Chegg Plunges, Samsung Bans Chatbot"

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Source: Yahoo Finance
TL;DR Summary

The rush into artificial intelligence is causing disruption across various industries, with Chegg Inc. losing half its value due to the threat posed by OpenAI's ChatGPT, IBM halting hiring for jobs that could be replaced by AI, and Samsung banning the use of generative AI tools due to concerns over data privacy. The Writers Guild of America has also included the regulation of AI among their demands as they started their first strike in 15 years. The rapid rollout of AI has led to calls for caution and shared safety protocols, with education nonprofit Code.org forming TeachAI to guide schools on integrating AI safely in the classroom.

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