Whatever you think about whether artificial intelligence is coming for your job, it has already mastered one corporate skill: hogging the credit.
Consider fintech company Block Inc. Its shares have risen 22% since announcing in late February that it was cutting 40% of its workforce, a move Chief Executive Officer Jack Dorsey attributed to AI. “Intelligence tools have changed what it means to build and run a company,” Dorsey declared. By comparison, the benchmark S&P 500 Index of equities has fallen 1.62%.