Funding & Business
Can We Trust America's Jobs Data?
President Trump fired the chief of the Bureau of Labor Statistics over concerns that the jobs data was inaccurate and political, but his nominee to lead the agency has proposed measures that raise the same concerns. While former officials defend the agency’s integrity, private firms like Revelio Labs are hoping to step in with its own jobs numbers, in an answer to the inaccuracies and technical issues plaguing the BLS. With budget cuts, staff losses, and a new chief awaiting confirmation, the credibility of America’s economic data — and the markets that rely on it — hangs in the balance. (Source: Bloomberg)
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Fears that artificial intelligence will force companies to spend more on security software are helping to drive demand for Netskope Inc.’s initial public offering.
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As companies continue to focus investment on cloud due to AI, real estate demand for data centers has been steadily growing, with customers increasingly moving from proof-of-concepts towards production systems and applications of the technology. CEO Adaire Fox-Martin joined Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily to discuss the important role data centers provide in the economy. (Source: Bloomberg)
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Lei Qiu, CIO for Thematic Innovation Equities at AllianceBernstein, says the adoption of AI is broadening out and there are opportunities, but prudence is also important. She speaks to Bloomberg’s Caroline Hyde and Ed Ludlow on ‘Bloomberg Tech.’ (Source: Bloomberg)
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