Pinterest announced that it plans to reduce its headcount by nearly 15%, or about 780 jobs, as part of a restructuring aimed at allowing the company to focus more strongly on artificial intelligence and AI-related features. The decision was disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) as part of a broader plan to reallocate resources and adjust the company’s strategy.

Inflation, exchange rates, sanctions, market panics—we dream of “calculating” all this in the era of big data. But in the case of any major economic crisis, the chain of human reactions (how officials, businesses, and consumers behave) is so unique and sometimes illogical that it breaks any model. In this interview, we’ll break down what AI can already do in economics and where it still “stumbles” over real life.

China is exploring the creation of a national mergers and acquisitions (M&A) fund to support the development of key technologies — from robotics to artificial intelligence — as competition with the United States for technological leadership intensifies. The idea was announced by Wang Changlin, Vice Chairman of the National Development and Reform Commission (NDRC), during a press briefing, although no detailed parameters have yet been disclosed.