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HomeDaily NewsWednesday, June 18, 2025Technological Developments and Industry Responses
Business & Economy2 stories from 1 sources

Technological Developments and Industry Responses

Amazon's CEO warns AI might replace jobs, while technology is viewed as a solution for insurance growth.

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CCapital BusinessFirst

News Coverage

Wednesday 10:57 AMCapital Business

Amazon boss says AI will replace jobs at tech giant

Amazon boss says AI will replace jobs at tech giant

Andy Jassy, the CEO of Amazon, has warned staff that artificial intelligence (AI) will likely reduce the company's corporate workforce in the coming years as it seeks efficiency gains.

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Key Highlights

Andy Jassy, the CEO of Amazon, has warned staff that artificial intelligence (AI) will likely reduce the company's corporate workforce in the coming years as it seeks efficiency gains.

  • 1.5 million people were employed by Amazon worldwide at the end of last year.
  • Andy Jassy sent a memo urging employees to embrace AI as the company integrates it across various operations.
  • 350,000 employees work in corporate roles, which may face cuts due to AI advancements.
Tuesday 6:49 PMCapital BusinessFirst

Why technology could be a tipping point for insurance uptake

Why technology could be a tipping point for insurance uptake

The article discusses how technology is transforming the insurance landscape in Kenya, aiming to increase the current insurance penetration rate of under 3%.

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Key Highlights

The article discusses how technology is transforming the insurance landscape in Kenya, aiming to increase the current insurance penetration rate of under 3%.

  • Insurance Regulatory Authority (IRA) reports indicate penetration is significantly below the global average of 7%.
  • Prudence Khamati, Head of Operations, Old Mutual General Insurance Kenya, emphasizes the importance of tech-enhanced customer experience.
  • Innovations like on-demand emergency response services are helping insurers provide better value to tech-savvy customers.
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