Daily Tech:Tech Macro shaping economy

January 10 2025

FutureGate | At CES 2025, John Deere unveiled its latest innovations in agricultural technology: autonomous tractors and trucks designed to address labor shortages in the farming sector. These cutting-edge machines aim to enhance productivity and efficiency in agriculture, positioning Deere as a leader in automation for the industry.

Artificial intelligence continues to reshape the global workforce. A recent study reveals that 41% of companies plan to reduce their workforce by 2030 due to AI-driven efficiencies. On Wall Street, AI could replace as many as 200,000 jobs, raising significant questions about the future of employment in high-skilled sectors.

In a major restructuring move, Microsoft has announced plans to cut 228,000 jobs in the coming months, signaling a significant shift in its workforce strategy. Tesla directors have agreed to return up to $919 million to the company following a Delaware court ruling that resolved allegations of excessive executive compensation. High-profile names like Oracle founder Larry Ellison and Chair Robyn Denholm were among those implicated in the case.

The renewable energy sector reached a milestone in Germany, where clean energy accounted for 62.7% of the country’s electricity generation in 2024. This marks a significant step toward the country’s climate goals.

Hong Kong’s Chinese stock market is poised for a strong year in 2025, with HSBC projecting a 21% surge, driven by optimism around China’s reopening and economic recovery.

Wearable tech took a futuristic leap with the launch of Omi, an $89 brain-reading AI wearable. The device has captured attention for its potential applications in healthcare, productivity, and entertainment.

Meanwhile, BlackRock has exited the progressive “Net Zero” initiative amid mounting pressure to distance itself from “woke” corporate groups. This move underscores a growing divide in how corporations balance environmental commitments with shareholder priorities.