Keywords: Tech industry
Chinese companies are increasingly resorting to discreet workforce reductions as artificial intelligence tools rapidly transform business operations, according to industry reports and employee accounts. Rather than announcing large-scale layoffs, many firms are opting for gradual job cuts and reduced......
The Israeli web development company Wix.com has announced a major workforce reduction, cutting around 20% of its staff, which represents more than 1,000 employees worldwide. The decision comes as the company faces economic pressure linked to a strong Israeli shekel, which has affected its financial......
U.S.-based artificial intelligence company Anthropic has announced plans to open a new office in Milan as part of its continued expansion across Europe, driven by increasing global demand for generative AI technologies. The move follows the company’s recent establishment of offices in major European......
Microsoft is set to lose its exclusive access to the artificial intelligence technologies developed by OpenAI, marking a significant shift in the competitive landscape of the tech industry. Under the revised partnership, OpenAI will be able to offer its AI models and products to a broader range of cloud......
A major legal confrontation between Elon Musk and Sam Altman is set to begin this Monday in California, as a federal court examines claims related to the founding principles of OpenAI. The case centers on accusations by Musk that the organization he co-founded in 2015 has strayed from its original mission......
Canadian artificial intelligence company Cohere has announced plans to acquire German AI firm Aleph Alpha, marking a significant development in the rapidly evolving global AI sector. The deal highlights ongoing consolidation in the artificial intelligence industry, where companies are seeking to expand......
Google is reportedly in discussions with Marvell Technology to develop new semiconductor chips designed to improve the efficiency of artificial intelligence systems, according to recent media reports citing sources familiar with the matter. The potential collaboration focuses on creating chips optimized......
Snap Inc, the parent company of Snapchat, has announced plans to reduce its global workforce by approximately 16%, according to reports released on Wednesday. The decision comes as the company faces increasing pressure from investors and a more competitive digital advertising market. The move follows......
More than a decade after its first failed attempt in the smartphone market, Amazon is reportedly preparing a return with a new artificial intelligence-powered device designed to integrate its ecosystem of services. The project, still under development, is expected to center on advanced AI features and......
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