๐Ÿ’ผ Business & Startups

May 11th, 2026

Today's top 3 stories, curated by Daily Direct.

Fortune

Jensen Huangโ€™s message to electricians and plumbers: โ€˜This is your time,โ€™ as AI buildout leads to soaring demand for skilled trades

The AI infrastructure boom is creating an unexpected windfall for skilled tradespeople, with electricians, plumbers, and other workers in high demand to build and maintain the data centers powering the technology. Nvidia CEO Jensen Huang has publicly declared this a defining moment for the trades, signaling that the AI era is not purely a white-collar phenomenon. As tech investment surges, the workers laying pipe and pulling wire may prove just as essential to the AI economy as the engineers writing the code.

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Fortune

AI isnโ€™t paying off in the way companies think. Layoffs driven by automation are failing to generate returns, study finds

A new Gartner study is puncturing the automation hype, finding that despite 80% of surveyed companies cutting headcount in the name of AI, those layoffs produced no measurable boost to return on investment. The findings suggest that businesses are racing to trim labor costs before understanding how to actually deploy AI productively. For executives betting on workforce reductions as a shortcut to efficiency gains, the data offers a stark warning.

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Fortune

Amex bought Resy. Chase bought The Infatuation. Inside the credit card industryโ€™s quiet takeover of how you spend

Credit card giants have moved far beyond points and cashback, acquiring restaurant discovery platforms to sit at the very top of the consumer decision funnel. By owning Resy and The Infatuation, Amex and Chase can now influence where cardholders dine before a dollar is ever spent. It's a sophisticated loyalty play that turns lifestyle content into a conversion machine.

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