Developer & Business Tech Summary

Fintech startup Mesa has shut down its Homeowners Card, which rewarded cardholders for paying their mortgages, marking a significant move in the competitive fintech landscape. In a broader context, the tech industry is grappling with the impact of artificial intelligence, which is reportedly eliminating entry-level roles.

According to Rest of World, AI has dramatically reduced job opportunities for new graduates in the tech sector, particularly in India, where only a quarter of engineering students expect to land jobs upon graduation.

This trend is part of a larger narrative where companies are re-evaluating their strategies in light of AI advancements, indicating a potential shift away from traditional build vs. buy models in software development.