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After Nobel Snub, Trump To Get An Award That Obama Received

US President Donald Trump will receive a hero's welcome in Israel for his role in brokering the Gaza ceasefire. Before Trump's Knesset (Israeli parliament) speech, Israeli President Isaac Herzog will present the country's highest civilian award to him to acknowledge his contribution in securing the release of hostages from Gaza and helping to end the two-year-long war. Israel had previously presented the award to former US President Barack Obama in 2013.  Leading up to the big Nobel Peace Prize announcement, there had been speculation of the prize going to Donald Trump-- an honour previously bestowed on Obama. "Through his tireless efforts, President Trump has not only helped bring our loved ones home but has also laid the foundations for a new era in the Middle East built on security, cooperation, and genuine hope for a peaceful future," the Israeli President's office said in a statement. Israel's presidential award is presented to individuals who have...
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Amazon's Jeff Bezos Calls AI Boom 'Kind Of Industrial Bubble': 'This Is Real'

Amid the rapid rise of artificial intelligence (AI) across the globe, Amazon founder Jeff Bezos has claimed that there is an 'industrial bubble', but the technology is 'real' and will bring big benefits to society. He stressed that AI will “change every industry,” calling it a once-in-a-generation technological shift.

"This is kind of an industrial bubble as opposed to financial bubbles," said Bezos at the Italian Tech Week 2025 in Turin, Italy.

He further explained the difference between an industrial and banking bubble: "The banking bubble, the crisis in the banking system, that's just bad, that's like 2008. Those bubbles society wants to avoid. The ones that are industrial are not nearly as bad, they can even be good. Because when the dust settles and you see who are the winners society benefits from those inventions," he said.

"That's what is going to happen here too. This is real. The benefits to society from AI are going to be gigantic."

The term bubble describes a market phase where speculative buying drives up the value of assets, such as company stock, to levels that far exceed their worth. This unsustainable growth inevitably ends with the bubble bursting, as it happened during the dot-com crash in 2000, when inflated internet company valuations collapsed.

Also Read | Fired From US Job, Indian Entrepreneur's Startup Hits Rs 44 Lakh In Revenue In 6 Months

Job loss in future

While Bezos takes an optimistic view of the technology, others have warned about the perils of the technology. Anthropic CEO Dario Amodei has warned that AI could soon wipe out 50 per cent of entry-level white-collar jobs within the next five years.

He said governments across the world were downplaying the threat when AI's rising use could lead to a significant spike in unemployment numbers.

"We, as the producers of this technology, have a duty and an obligation to be honest about what is coming. I don't think this is on people's radar," said Mr Amodei.

"Most of them are unaware that this is about to happen. It sounds crazy, and people just don't believe it," he added.

Similarly, Mo Gawdat, who left Google as its chief business officer in 2018, warned that the 'hell' will begin as early as 2027 as AI eliminates white-collar jobs, with no one spared, including software developers, CEOs, and podcasters.



from NDTV News- Special https://ift.tt/QxzeUoC
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