Hello. Welcome to Computerworld's 2-minute technical briefing. I'm your host, Arnold Davis, reporting from the floor of the New York Stock Exchange. Here are the top IT stories you need to know on Wednesday, January 7th. European banks may be headed for layoffs.
More than 200,000 banking jobs could disappear in Europe by 2030 as banks invest in AI and close branches. That's about 10% of the workforce at 35 major banks, according to a Morgan Stanley analysis cited in the Financial Times.
The greatest savings are expected to be in back office, operations, risk management, and compliance. Some banks predict efficiency increases of 30%. But leaders are warning banks not to lose sight of the basics and fundamentals when implementing AI. Nvidia made a big move into AI chips without buying anyone.
Nvidia clarified that it was not acquiring Groq, saying it acquired a non-exclusive license to Groq IP and hired talent from Groq. Groq creates the AI inference chip that LP uses to run the Groq cloud.
SRAM-based designs could ease supply constraints as Nvidia chips are either sold out or fully utilized. TechCrunch reported that the deal is a license and employment deal, not an acquisition, and could be worth up to $20 billion.
Finally, have you ever wished you could change your Gmail address without having to start over? Google may soon offer the ability to do just that.
According to Telegram group Google Pixel Hub via Nine to Five Google, the feature will be rolled out to all users in stages on the Hindi version of Gmail support page.
Your old address will remain an alias and you can log in with both addresses, but you won't be able to create another new Gmail account and it will be linked to that account for 12 months. It's unclear when users will be able to access that feature.
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