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Business News

Ford’s EV Buzz Gets a Hard Stop

Image: Ford CEO Jim Farley

Ford CEO Jim Farley just threw some cold water on the EV hype, warning sales could get chopped in half once the $7,500 federal tax credit disappears. After riding record highs this month with EVs hitting a 10–12% market share, Farley says he wouldn’t be shocked to see demand plummet to 5% in October. His take? Hybrids are the real crowd-pleasers for now, while sticker-shock EVs like the $90K F-150 Lightning remain a harder sell. With incentives gone and policy winds shifting, Ford’s EV team is now scrambling to rethink demand, capacity, and what to do with all those shiny new battery plants.

JPMorgan’s Bold Bet on AI Transformation

JPMorgan Chase is undergoing a massive shift as it weaves artificial intelligence into nearly every corner of its business. At the center is its LLM Suite, a platform that integrates models from companies like OpenAI and Anthropic, regularly upgraded with data from across the bank’s operations. Chief Analytics Officer Derek Waldron describes the goal as building a “fully AI-connected enterprise,” where every employee has a digital assistant, every process is automated, and every client experience is guided by AI. While the technology is already streamlining work such as generating investment banking decks in seconds, the bank faces years of integration ahead to capture AI’s full potential. The stakes are high: JPMorgan could cut costs, reshape its workforce, and gain a first-mover advantage in global finance. Yet, the shift raises tough questions about the future of corporate labor, with support roles most at risk of automation and client-facing positions becoming more valuable.

What We’re Reading

Free Download: Top 5 LinkedIn Tips

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Tip of the Day

Clarity Wins Deals

Whether pitching, selling, or networking, the simpler you can explain what you do, the faster people trust and buy.

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