Goldman Sachs warns AI layoffs may lead to long-term worker displacement

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.

Large layoffs signal trouble in a company or industry and affect local economies.

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.