Gitlab ceo bill staples.jpg

$5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI; says: Agentic era is creating…

GitLab is laying off around 350 employees, roughly 14% of its workforce, and pulling out of 22 countries—a restructuring CEO Bill Staples is pinning on what he calls the “agentic era” of software development. The DevSecOps company announced the cuts on Tuesday alongside a first quarter that beat Wall Street, with revenue up 23% to…

Read More
As 2 billion plus software company wix lays off 1000 employees.jpg

As $2 billion-plus software company Wix lays off 1,000 employees; CEO Avishai Abrahami says in memo: I am confident it is the right decision, and …

Wix, the Israel-based website building giant is cutting around 20% of its workforce which is around 1,000 employees as part of a restructuring plan aimed at adapting to the fast evolution of artificial intelligence and currency headwinds. As reported by Business Insider, in a message to the staff shared on social media platform X (formerly…

Read More
Openai trial what elon musk said about microsoft ai generated image.jpg

OpenAI trial: What Elon Musk said about Microsoft during the hearing in his $100 billion-plus lawsuit against Sam Altman

Trial in Elon Musk’s lawsuit against ChatGPT-maker OpenAI entered its third day. Tesla CEO returned to the court to give his second testimony. During the trial, Musk said that he was “a fool” for putting money in OpenAI that started off as non-profit, but later created a for-profit arm. At issue was a 2020 deal…

Read More
Anthropic plans to go the 39openai way39 in europe.jpg

Anthropic plans to go the ‘OpenAI way’ in Europe as it eyes $600 billion-plus AI infrastructure budget of American technology companies

Dario Amodei-led AI company Anthropic is reportedly expanding its efforts to secure data centre capacity in Europe as global spending on AI infrastructure continues to rise. The company is hiring for key roles to negotiate data centre agreements in the region. As per the CNBC report, Anthropic is looking to hire for the role of…

Read More
Meta loses 300 billion plus in march what is making investors so worried about facebook instagram and whatsapp parent.jpg

Meta loses $300 billion-plus in March, what is making investors so worried about Facebook, Instagram and WhatsApp-parent

Representative Image. In pic: Meta CEO Mark Zuckerberg Facebook parent Meta has reportedly lost over $310 billion in market capitalisation in March alone. This decline comes as legal risks and concerns about the company’s heavy spending on artificial intelligence (AI) weigh on investor confidence in the social media giant that owns Facebook, Instagram, and WhatsApp,…

Read More
129674599.jpg

Aravind Srinivas: Perplexity AI CEO Aravind Srinivas, who once made $30 billion-plus offer to buy Google Chrome browser, now says: Google search does a much better job than anyone else in the world |

Perplexity CEO Aravind Srinivas, who once offered $34.5 billion for Google Chrome, now defaults Google search on his company’s Comet iOS browser. He acknowledges Google’s superiority for everyday navigational queries, while Comet aims to enhance answer quality and multimodal capabilities. This pragmatic approach positions Comet as a complementary tool, not a direct competitor, to Google….

Read More
128508992.jpg

Founder of AI company that Mark Zuckerberg spent $2 billion-plus on makes a long clarification on OpenClaw that Sam Altman just bought

Manus co-founder Yichao ‘Peak’ Ji clarified his company’s new personal agent mode is independent of OpenClaw, despite OpenAI’s recent acquisition of the latter. Ji acknowledged OpenClaw’s philosophical contribution to agent safety boundaries, while highlighting Manus’s own robust security features. Manus is now prioritizing accessibility and natural language interaction. Just days after Sam Altman announced that…

Read More
Jensen huang.jpg

Nvidia CEO Jensen Huang on why $250 billion-plus wipe out in global stock markets triggered by Anthropic AI is purely ‘ILLOGICAL’

Jensen Huang, CEO, Nvidia Nvidia CEO Jensen Huang has dismissed the market panic that recently erased over $250 billion from global software stocks. Defending the software industry against fears that AI will make it obsolete, the chief executive of the world’s most valuable company has said that this concern is the “most illogical thing.” Speaking…

Read More