Tom Giles

better outcomes for people.

If you think about public safety, for example, emergency services, and those are areas where I think we'll see faster AI adoption.

But I don't think we can predict the future perfectly.

We need to just anticipate what are the use cases and the needs.

It may be that delivery drones, other retail applications also accelerate, and those are early users.

So for us, it's about building the plumbing and the core capability that we need.

Meanwhile, we're watching a deal that has sent SEMrush holding shares skyrocketing 74%.

Adobe agreeing to buy the marketing platform.

First takeover announcement, of course, since its failed acquisition of Figma.

It's an all-cash deal, $12 per share.

This is Blue Bag Tech.

And I'm Nathan Hager.

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Looking ahead, however, layoffs and reduction in hiring plans due to AI use are expected to increase.

much of the time they're talking about AI and what it can do.

Just a few who have been hearing about AI's impact on the workforce, increasingly executives, have been laying the blame for job cuts at technology's feet.

Bloomberg's editor for AI News, Seth Fiegeman, joins us now.