📈 Bybit CEO Ben: I Don't Buy Companies Blaming Layoffs on AI In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou expressed skepticism about companies using AI as an excuse for layoffs. He believes AI cannot yet replace a significant portion of the workforce. Zhou highlighted the challenge of measuring AI output, noting that while internal spending on large-model tokens is increasing, quantifying actual efficiency gains remains difficult. He likened AI's impact to the initial adoption of Excel, emphasizing that its transformative effect on departments still needs to be evaluated.

Traders have fully priced in three Bank of England rate hikes this year, reports Bloomberg.