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About $2.3 trillion was wiped from the Magnificent 7 in June as investors questioned Big Tech’s huge AI spending, even as chip and memory stocks kept climbing.
UBS is a leading banking and financial services company using AI, data, and digital platforms across banking workflows.
Kraków, long a European hotspot for outsourcing, is facing large-scale job cuts as AI automates traditional back-office operations. The shift is emptying offices that once buzzed with multinational firms.