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WeWork’s Ex-CEO Neumann Slams Post-Bankruptcy Strategy, Calling Projections “Unsustainable”

Allwork

Moreover, SoftBank would still own at least 16.5% — with the potential for it to increase to 36% under the new deal. The proposal is reported to have backing from most owners of WeWork’s $4 billion in senior debt and a committee of unsecured creditors.

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International report calls for collaboration on AI, highlighting both benefits and risks

Workplace Insight

A landmark report claims to shed light on the double-edged sword of advanced artificial intelligence. Backed by over 30 nations, the International Scientific Report on the Safety of Advanced AI paints a picture of a technology brimming with potential benefits, but also fraught with potential risks if safety isn’t prioritized.

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Amazon’s Office Downsizing Plan Threatens Already Struggling Commercial Real Estate Markets

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An internal Amazon memo has unveiled a comprehensive plan to save $1.3 billion by drastically reducing the company’s office vacancies over the next three to five years. Business Insider, which first reported the memo , cites an unnamed source revealing that the e-commerce giant currently grapples with a 33.8%

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UK and other countries sign international pledge to cut carbon emissions from buildings

Workplace Insight

Representatives from 70 countries adopted the Declaration de Chaillot , a foundational document for international cooperation. Additionally, by 2050, an estimated 68 percent of the global population will reside in urban areas, and global demand for raw materials is projected to double by 2060.

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OpenAI Board Member Predicts AI Will Replace Nearly All Human Labor

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According to a report published by the Gwinnett Daily Post , Summers recently spoke at Fortune’s Innovation Forum in Hong Kong , where he said that while the full potential of AI won’t be realized for a couple of years, it offers the prospect of substituting not just some forms of human labor, but nearly all of them.

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UKGBC publishes new guidance on embodied carbon emissions reporting for more rigorous carbon reduction strategy

Workplace Insight

The UK Green Building Council (UKGBC) has launched new guidance on Scope 3 embodied carbon measurement and reporting, for stakeholders across the built environment. Setting out a way to coherently align embodied carbon assessments, the guidance reframes Scope 3 reporting as a singular methodology rather than siloed efforts.

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Google Slashes Programming Teams, Turning To AI and Sending Jobs Overseas

Allwork

The industry had been known for great benefits and job security, in addition to Google being one of the highly sought after FAANG (Facebook, Apple, Amazon, Netflix, Google) companies for software engineers. Not anymore.

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