U.S. first-quarter productivity revised up; labor costs growth lowered

(Refiles to remove extraneous words in paragraph 7) WASHINGTON (Reuters) – U.S. worker productivity slumped in the first quarter, though not as steep as initially thought, according to government data on Thursday, which also showed sharp downward revisions to labor costs last quarter and in the final three months of 2022. Nonfarm productivity, which measures…

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C3.ai shares slump as revenue forecast fails to live up to AI hype

By Medha Singh (Reuters) -Shares of C3.ai Inc dropped nearly 20% in early trade on Thursday after the AI software maker’s quarterly revenue forecast missed estimates, dampening some of Wall Street’s recent euphoria around small cap AI-linked stocks. Most other small-cap artificial intelligence (AI) related stocks also fell, with analytics firm BigBear.ai, conversation intelligence firm…

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