Block (XYZ) – Radical AI breakthrough or risky experiment with uncertain outcome?
Block bets decisively that AI will replace entire business functions – if the transformation succeeds, a massive margin lever awaits!
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Jack Dorsey is not a man of half measures—and the announced reduction of about 40% of the workforce, more than 4,000 positions, is perhaps the clearest evidence of that. What at first glance looks like a cutback is, upon closer inspection, a strategic reboot : Block is consistently positioning itself as a AI-first financial platform , understanding automation not as an addition but as the foundation of its business model. The operational basis is indeed favorable: With a quarterly revenue of $6.25 billion, 59 million monthly active Cash App users,...
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