1/ So far, Team USA is leading with 103 medals at the Paris Olympics.
Yet some of the elite athletes bringing home gold, silver, and bronze in Paris went into the red just for the opportunity to be there.
Let's get into it.
2/ At this rate, Team USA may very well surpass the 113 medals won at the 2020 Tokyo Games.
Simone Biles became the most decorated Olympic gymnast, Katie Ledecky took home the most medals for a female Olympian, etc.
3/ But many enter the world stage without a guarantee of placing...and at what cost?
A Congressional report released in March showed that, of the 1,000 Olympic and Paralympic athletes surveyed, 26.5% have individual incomes under $15,000 per year.
So into it, in fact, it announced layoffs of 1,800 workers to make room for...1,800 new workers with a focus on generative AI.
Let's get into it.
2/ None of us are strangers to news of tech layoffs at this point, but this round is a bit different.
Seldom do companies let go of employees en masse for non-cost-cutting purposes just to hire about the same number of workers back.
3/ In an email to employees, Intuit CEO Sasan Goodarzi stated that the move was part of a larger AI initiative.
The company plans to invest in generative AI to help boost Intuit Assist, a GenAI-powered financial assistant, and to overhaul its services to be more AI-focused.