Latest news with #ChrisGropp
Time of India
23-06-2025
- Business
- Time of India
Amazon, Microsoft use AI to generate 25% of their code: Will it take away jobs of software engineers in 2025?
Shift in tech jobs amid AI boom Live Events Has it affected Computer Science stream? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The technology sector's brutal job cuts continues into 2025. With the tech industry being roiled by mass layoffs and hiring freezes, the leading culprit to be blamed for this grim picture is the technology itself. A recent Pew study found that Americans think software engineers will be most affected by generative AI, according to report reveals the major tech giants-including Google's parent company Alphabet and Microsoft- now depend on AI to generate nearly 25 percent of the code. With AI generative tools becoming deeply integrated into software development workflows- it has raised serious concerns about the future of entry-level tech jobs in the US.'We're in an AI revolution, and I am a specialist in the kind of AI that we're doing the revolution with, and I can't find anything,' Chris Gropp told The growing role of AI in the field of software development is showing up in employment data. Gropp is contending with a weak job market for recent college graduates in general and the tech sector in particular. Even though employment for 22-to-27-year-olds in other fields has seen a slight increase over the past three years, jobs for computer-science and math jobs in that age group has fallen by 8 percent, the report at Microsoft and Google's parent company Alphabet have already confirmed the impact of AI on their code output. Recently, Amazon CEO Andy Jassy issued a stark message to employees: Artificial intelligence will reduce the company's corporate workforce in the coming years. 'We will need fewer people doing some of the jobs that are being done today,' Jassy wrote, citing expected efficiency gains. He noted that AI will also create new kinds of roles, but the net effect is likely to be a leaner corporate staff. Jassy wrote that employees should learn how to use AI tools, experiment, and figure out 'how to get more done with scrappier teams.'A 2025 Pew Research Center survey found that 48% of Americans believe software engineers will be among the professions most affected by AI in the coming years. That's a higher percentage than for teachers, journalists, or accountants.'We know AI is affecting jobs,' Rusinkiewicz, from Princeton, told the Atlantic. 'It's making people more efficient at some or many aspects of their jobs, and therefore, perhaps companies feel they can get away with doing a bit less hiring.'The shift towards AI has not just left the tech market rattled but it has also worried tech students. Enrollment in the computer-science major has historically fluctuated with the job market. Eventually, there aren't enough computer-science graduates, salaries go up, and more people are drawn in, the report declines have always rebounded to enrollment levels higher than where they started. (And some universities, such as the University of Chicago, still haven't seen any enrollment drops.) Sam Madden, a computer-science professor at MIT, told the outlet that even if companies are employing generative AI, that will likely create more demand for software engineers, not mass layoffs in big tech, changing visa norms, and rising uncertainty around the long-term role of junior programmers, CS is no longer the default 'safe bet' it once seemed.
Yahoo
11-06-2025
- Automotive
- Yahoo
PHINIA to Participate in Deutsche Bank Global Automotive Conference
AUBURN HILLS, Mich., June 11, 2025--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, announced today that it will participate in the Deutsche Bank Global Automotive Conference on Wednesday, June 11, 2025. Conference participation will be in-person and consist of a fireside chat and investor meetings. PHINIA's President and CEO, Brady Ericson, and CFO, Chris Gropp, are scheduled for a fireside chat with Deutsche Bank's analyst Edison Yu. The event will be webcast and available on PHINIA's Investor Relations website. Event information can be found below. Event Title: Deutsche Bank Global Automotive ConferenceEvent Date: Wednesday, June 11, 2025, at 11:55 AM –12:30 PM Eastern Time Webcast Access: About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles), we develop fuel systems, electrical systems and aftermarket solutions designed to keep combustion engines operating at peak performance, while at the same time investing in advanced technologies to unlock the potential of alternative fuels. By providing what the market needs today to become more efficient and sustainable, while also developing innovative products and solutions to contribute to lower carbon mobility, we are the partner of choice for a diverse array of customers – powering our shared journey toward a cleaner tomorrow. © 2025 PHINIA Inc. All Rights Reserved. (DELCO REMY is a registered trademark of General Motors LLC, licensed to PHINIA Technologies Inc.) View source version on Contacts IR contact:Kellen FerrisVice President of Investor Relationsinvestors@ +1 947-262-5256Media contact:Kevin PriceGlobal Brand & Communications Directormedia@ +44 (0) 7795 463871Category: IR
Business Wire
11-06-2025
- Automotive
- Business Wire
PHINIA to Participate in Deutsche Bank Global Automotive Conference
AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, announced today that it will participate in the Deutsche Bank Global Automotive Conference on Wednesday, June 11, 2025. Conference participation will be in-person and consist of a fireside chat and investor meetings. PHINIA's President and CEO, Brady Ericson, and CFO, Chris Gropp, are scheduled for a fireside chat with Deutsche Bank's analyst Edison Yu. The event will be webcast and available on PHINIA's Investor Relations website. Event information can be found below. Event Title: Deutsche Bank Global Automotive Conference Event Date: Wednesday, June 11, 2025, at 11:55 AM –12:30 PM Eastern Time Webcast Access: About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI ®, DELCO REMY ® and HARTRIDGE ™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles), we develop fuel systems, electrical systems and aftermarket solutions designed to keep combustion engines operating at peak performance, while at the same time investing in advanced technologies to unlock the potential of alternative fuels. By providing what the market needs today to become more efficient and sustainable, while also developing innovative products and solutions to contribute to lower carbon mobility, we are the partner of choice for a diverse array of customers – powering our shared journey toward a cleaner tomorrow. © 2025 PHINIA Inc. All Rights Reserved.
Yahoo
11-06-2025
- Automotive
- Yahoo
PHINIA to Participate in Deutsche Bank Global Automotive Conference
AUBURN HILLS, Mich., June 11, 2025--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, announced today that it will participate in the Deutsche Bank Global Automotive Conference on Wednesday, June 11, 2025. Conference participation will be in-person and consist of a fireside chat and investor meetings. PHINIA's President and CEO, Brady Ericson, and CFO, Chris Gropp, are scheduled for a fireside chat with Deutsche Bank's analyst Edison Yu. The event will be webcast and available on PHINIA's Investor Relations website. Event information can be found below. Event Title: Deutsche Bank Global Automotive ConferenceEvent Date: Wednesday, June 11, 2025, at 11:55 AM –12:30 PM Eastern Time Webcast Access: About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles), we develop fuel systems, electrical systems and aftermarket solutions designed to keep combustion engines operating at peak performance, while at the same time investing in advanced technologies to unlock the potential of alternative fuels. By providing what the market needs today to become more efficient and sustainable, while also developing innovative products and solutions to contribute to lower carbon mobility, we are the partner of choice for a diverse array of customers – powering our shared journey toward a cleaner tomorrow. © 2025 PHINIA Inc. All Rights Reserved. (DELCO REMY is a registered trademark of General Motors LLC, licensed to PHINIA Technologies Inc.) View source version on Contacts IR contact:Kellen FerrisVice President of Investor Relationsinvestors@ +1 947-262-5256Media contact:Kevin PriceGlobal Brand & Communications Directormedia@ +44 (0) 7795 463871Category: IR Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Automotive
- Yahoo
PHINIA Present at Wells Fargo's 2025 Industrials and Materials Conference
AUBURN HILLS, Mich., June 10, 2025--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a leader in premium fuel systems, electrical systems, and aftermarket solutions, participated today, Tuesday, June 10, 2025, in the Wells Fargo's 2025 Industrials and Materials Conference. PHINIA's participation was in-person and consisted of a fireside chat and investor meetings. PHINIA's President and CEO, Brady Ericson, and CFO, Chris Gropp, joined a fireside chat with Wells Fargo's, Colin Langan. The event was webcasted and is available on PHINIA's Investor Relations website. Event information can be found below. Event Title: Wells Fargo 2025 Industrials and Materials ConferenceEvent Date: Tuesday, June 10, 2025, at 10:10–10:50 AM Eastern Time Webcast Access: About PHINIA PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. Across commercial vehicles and industrial applications (medium-duty and heavy-duty trucks, buses and other off-highway construction, marine, agricultural and aerospace and defense), light commercial vehicles (vans and trucks) and light passenger vehicles (passenger cars, mini-vans, cross-overs and sport-utility vehicles), we develop fuel systems, electrical systems and aftermarket solutions designed to keep combustion engines operating at peak performance, while at the same time investing in advanced technologies to unlock the potential of alternative fuels. By providing what the market needs today to become more efficient and sustainable, while also developing innovative products and solutions to contribute to lower carbon mobility, we are the partner of choice for a diverse array of customers – powering our shared journey toward a cleaner tomorrow. © 2025 PHINIA Inc. All Rights Reserved. (DELCO REMY is a registered trademark of General Motors LLC, licensed to PHINIA Technologies Inc.) View source version on Contacts IR contact:Kellen FerrisVice President of Investor Relationsinvestors@ +1 947-262-5256Media contact:Kevin PriceGlobal Brand & Communications Directormedia@ +44 (0) 7795 463871Category: IR Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
