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Emma Walmsley (Photo credit- AP) British drugmaker GlaxoSmithKline (GSK) on Monday (British time) announced that Emma Walmsley will step down as chief executive in January after nearly nine years at the helm, making way for chief commercial officer Luke Miels to take charge.The leadership transition comes at a critical juncture for the pharma giant, which…
Ford CEO Jim Farley has raised alarms that the US can not lead in high-tech manufacturing and artificial intelligence (AI) if it overlooks the country’s blue-collar workforce. In an interview with Axios, Farley said industries like construction, maintenance, and skilled traders are the ‘essential economy’ that keep factories, supply chains, and data centres running. “I…
Charlie Javice, founder of fintech startup Frank has been sentenced to seven years of jail for cheating JPMorgan Chase of $175 million. According to news agency AP, the 32-year-old was convicted of duping America’s largest bank when it bought her company in 2021. She reportedly made false records that made it seem like Frank had…
Nvidia CEO Jensen Huang has welcomed President Donald Trump’s overhaul of the H-1B visa program but warned that the new $100,000 application fee may be prohibitively expensive, potentially driving tech investment and talent away from the United States.Speaking on the “BG2 Pod” podcast published Friday, Huang described the policy changes as “a great start” that…
Right-wing activist and Donald Trump aide Laura Loomer recently called Microsoft CEO Satya Nadella ‘double faced’. In a post on microblogging platform X (formerly Twitter), she asked Nadella if the software giant is going to comply with Trump’s demand to terminate its president of global affairs, Lisa Monaco. “After I alerted President Trump to the…
Apple CEO Tim Cook has announced that the company will give all employees three additional days off during Thanksgiving week, continuing a longstanding tradition from the Steve Jobs era known as “Steve days.” In his annual companywide memo, Cook expressed enthusiasm about the company’s recent achievements, according to Bloomberg’s Mark Gurman in his Power On…
Global consulting giant Accenture has laid off more than 11,000 employees across the globe in the past three months. The company said that it is laying off employees that cannot be trained in AI, as Accenture is working on reshaping its workforce for the AI era. The company confirmed that it has fired more than…
The pace of artificial intelligence (AI) development is accelerating at a rate few anticipated. From transforming how we communicate to reshaping industries, the rise of AI is prompting questions that touch every worker: How much of what I do today could be done by a machine tomorrow? Sam Altman, Chief Executive Officer of OpenAI, has…
Image credit: UAE state media agency WAM OpenAI CEO Sam Altman recently met with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi to discuss closer cooperation in artificial intelligence (AI) research and its application. As reported by the UAE state news agency WAM, the meeting at Qasr Al Shati focused on aligning…
Accenture CEO Julie Sweet downplayed concerns about the Trump administration’s new $100,000 H-1B visa fee, stating the policy change poses minimal threat to the global consulting giant’s operations. “This is really a non-issue because we only have about 5% of our people in the US on H-1B visas, and they’re for really specialised experience and…
