IBM will halt hiring in non-customer-facing positions that could be carried out by artificial intelligence, the company’s CEO Arvind Krishna told Bloomberg. Krishna said the job cuts will primarily affect roles such…
Enterprise
AI to Affect ‘Every Product of Every Company’ —Google’s Pichai
Alphabet CEO Sundar Pichai said society will need to adapt to the new capabilities of AI, and “every product of every company” will be impacted by the technology. Pichai talked at length…
FTC Warns Tech Companies Over AI Claims
The Federal Trade Commission has warned technology companies in the United States it intends to crack down on overstated artificial intelligence claims. The FTC, which promotes consumer rights, has released a statement…
AMD Beats Expectations as Fellow Chipmakers Struggle
AMD reported better than expected earnings this week, bucking the trend as fellow chipmakers struggle. The company’s fourth quarter results beat Wall Street expectations for both sales and profit, but did warn…
IBM Beats Revenue Estimates, Announces 3,900 Layoffs
IBM’s quarterly revenue beat analyst estimates this week, as the company enjoyed higher than expected growth in its software and infrastructure segments. But it was also revealed the tech giant plans to…
U.S. Accuses Google of Abusing Ad Tech Monopoly
The U.S. Justice Department and eight states have sued Google this week, claiming the company had illegally abused a monopoly over the technology behind online advertising. Google’s anti-competitive actions “weakened if not…
Activist Investor Elliott Takes Multi-Billion Dollar Stake in Salesforce
Activist investor Elliott Investment Management has taken a substantial stake in Salesforce, amid job cuts and a hefty fall in share price at the software company. According to multiple reports, Elliott took…
Microsoft to Lay Off 10,000 Employees
Microsoft will lay off 10,000 employees as part of cost-cutting measures, the company said in a securities filing this week. The company became the latest tech giant to announce massive job losses,…
Microsoft Plans $10bn ChatGPT Investment – Report
Microsoft is reportedly planning to invest $10 billion in OpenAI, the company behind the artificial intelligence tool ChatGPT. A report from Semafor suggests the investment is part of a funding round with…
Retailers Set New Black Friday Sales Record
Retailers in the United States enjoyed record-setting online sales on Black Friday, despite concerns over inflated prices and a looming recession. Consumers spent $9.12 billion on Friday, according to Adobe Analytics, an…