Google’s Ruth Porat: To unlock AI’s upside, rethink every process

At the Fortune Global Forum, Jeremy Allaire, CEO of Circle, emphasized the need for updated international laws to keep pace with the rapid advancements in AI and cryptocurrency. He believes that as these technologies evolve, governments will be compelled to create new regulations for corporations within the next decade. This is significant because it highlights the importance of adapting legal frameworks to ensure that innovation can thrive while maintaining accountability and security in the digital economy.

Chegg, a leader in the edtech space, is making significant cuts by laying off 45% of its workforce, totaling 388 jobs. This move comes as the company grapples with the impact of generative AI and declining traffic from Google, which are fundamentally changing how students learn and prepare for tests. The return of Dan Rosensweig as CEO highlights the urgency of Chegg's efforts to adapt and turn the company around in this challenging environment.

JPMorgan has updated its stock target for Alphabet, the parent company of Google, following a remarkable recovery in its stock price, which has surged about 41% this year. This impressive performance outpaces the broader market, driven by strong growth in search and a revitalized YouTube. This news is significant as it highlights Alphabet's resilience and potential for continued growth, making it an attractive option for investors.

At the Fortune Global Forum, JP Morgan's Mary Callahan Erdoes addressed the ongoing debate about AI stock valuations, suggesting that while current valuations may seem inflated, they are not necessarily incorrect. She emphasized the importance of understanding how quickly the market will adapt to these valuations, highlighting the potential for growth in the AI sector. This discussion is crucial as it reflects investor sentiment and the future trajectory of technology investments.

The job market for recent graduates in the U.K. is facing a significant crisis, with 1.2 million Gen Z graduates vying for only 17,000 available positions. Rob Breare, CEO of Malvern College International, highlighted this alarming trend at Fortune's Global Forum, emphasizing how AI is transforming the job search landscape. This situation is crucial as it not only reflects the challenges young professionals face in securing employment but also raises questions about the role of educational institutions in preparing students for a rapidly changing workforce.

In a recent discussion, Firefox head Anthony Enzor-DeMeo highlighted the exciting developments in AI-integrated browsers, particularly in the wake of ChatGPT and ongoing legal battles against Google. As major tech players shift their focus from traditional chatbots to more advanced browser functionalities, users can expect innovative features that enhance online experiences, such as AI shopping assistants and interactive chatbots. This evolution signifies a pivotal moment for the web, promising to reshape how we interact with digital content and services.

Samsung and Google have launched the Galaxy XR headset, a groundbreaking device priced at $1,799 that combines artificial intelligence, various applications, and immersive computing into a single sleek package. This innovative headset aims to redefine how we interact with technology, making it a significant development in the tech industry that could change the way we experience digital content.

NextEra Energy has teamed up with Google to restart a nuclear plant in Iowa, marking a significant step towards sustainable energy solutions. This partnership not only aims to enhance energy efficiency but also demonstrates the growing collaboration between tech and energy sectors. As the world shifts towards greener alternatives, this initiative could set a precedent for future projects, showcasing how innovative partnerships can drive progress in renewable energy.

Copper prices have surged to record highs, driven by concerns over supply disruptions and the impact of tariffs imposed by Donald Trump. This spike in prices is significant as it reflects the ongoing challenges in the production sector, which could affect various industries reliant on copper. Investors and manufacturers alike are closely monitoring these developments, as they could have far-reaching implications for the economy.

Outokumpu has reported earnings that fell short of expectations, prompting the company to announce a significant investment of $45 million in a new pilot plant in the US. This move is crucial as it reflects the company's commitment to innovation and growth despite current financial challenges. The investment aims to enhance production capabilities and potentially improve future earnings, making it a pivotal step for Outokumpu's long-term strategy.

GSK has raised its sales forecast for 2025 following impressive growth in its specialty medicines division. This positive development highlights the company's strong performance and potential for future success in the pharmaceutical market, particularly as demand for specialized treatments continues to rise.

Santander has reported a record profit for the third quarter, driven primarily by its strong performance in the US market, which helped to offset weaker results in Brazil. This achievement highlights the bank's ability to navigate challenges in different regions and underscores the importance of its diversified operations. Investors and analysts are likely to view this positive trend as a sign of resilience and strategic growth, making Santander a key player in the global banking sector.

Eurozone government bond yields have seen a slight increase in early trading as investors await upcoming central bank meetings. This development is significant as it reflects market anticipation and could influence future monetary policy decisions.

GSK has raised its full-year guidance after reporting that its profits more than doubled in the third quarter. This impressive financial performance highlights the company's strong position in the pharmaceutical market and reflects successful product launches and cost management strategies. Investors and analysts are optimistic about GSK's future prospects, as this growth could lead to increased investments and further innovations in healthcare.