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PWC CEO Rejects AI Job Doom

PWC CEO Paul Griggs says AI should be viewed as a business transformation, not simply a technology upgrade. He says companies most exposed to AI are seeing stronger productivity and hiring, while PWC itself is adding engineers, data scientists and machine-learning experts as its workforce evolves. (Source: Bloomberg)
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AI Boom Risks a ‘Corporate Extinction Event’: Paul

Sherry Paul, managing director and private wealth advisor at Morgan Stanley, says companies that fail to embrace AI risk being overtaken by competitors that use the technology to boost productivity and profitability. “We move into what I call the corporate extinction event,” Paul says on “Bloomberg Surveillance,” comparing the disruption to Netflix overtaking Blockbuster. This interview aired Sept. 17, 2026. (Source: Bloomberg)
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Traders Wary Of Rising AI Risks: Market Snapshot

The global debate over artificial intelligence risks entered a new phase this week amid clashing views from tech executives over whether frontier labs should slow the development of the technology. Leaders of Anthropic, OpenAI, SpaceX and Google DeepMind put forward the need for self-regulation checks on growth that give AI models more control. Meanwhile, Microsoft, Amazon and Meta said they're developing tools to check, control and regulate AI risks as US President Donald Trump called the alerts a "hoax". The call for caution saw a rotation out of tech stocks at the start of the week as investors questioned whether there's a need to reprice the pace of the booming AI buildout. (Source: Bloomberg)
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Huawei Speeds Up Launch of New AI Chip

Huawei is accelerating the debut of its next-generation AI chip by several months, aiming to replace Nvidia in China and compete on the global stage. The Ascend 960DT chip will now be launched in the first quarter of 2027. Another variant of the new series, dubbed 960PR, will be delivered in the third quarter. Bloomberg's Anthony Stephens reports. (Source: Bloomberg)
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