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Meta tells staff it will layoff 8,000 employees on May 20, but the reason the company is telling them now is …

Meta is laying off 10% of its workforce. As reported earlier this month by news agency Reuters, the Mark Zuckerberg headed company plans to reduce its workforce by 10%, or roughly 8,000 employees, in May. The company announced the layoffs in a memo written by chief people officer Janelle Gale to employees saying that the…

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Google CEO Sundar Pichai says AI generates 75% codes at the company: Why this number matters

Google CEO Sundar Pichai has revealed that more than three-quarters of all new code at the company is now generated by Artificial Intelligence (AI). The figure marks a rapid acceleration in Google’s internal transformation, jumping from 50% just six months ago to 75% today, signalling the beginning of the “agentic” era in software engineering. “We’ve…

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How ChatGPT and other AI tools ‘killed’ this almost $15 billion company in less than 4 years |

Chegg, the education tech company that became the king of the classroom in the early days of 2021 during Covid, has become the ‘first company’ to be effectively ‘killed’ by AI. The online learning platform once traded as high as $113.51 per share in February 2021, riding a wave of pandemic-driven demand for remote education,…

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Europe’s most valuable company is laying off 1,700 employees: These are the jobs that will be cut

ASML, the Dutch chip equipment maker that holds a global monopoly on the machines used to manufacture advanced semiconductors, is cutting roughly 1,700 jobs—about 4% of its 44,000-person workforce. The layoffs, announced in January alongside record full-year revenue of €32.7 billion, are targeting management and coordination roles, not engineers.Internal documents obtained by Business Insider show…

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Security company MARISKS warns shipping companies on Strait of Hormuz: Those messages are not from Iran, they are …

As the blockade of the Strait of Hormuz continues to impact the world’s oil supply, a new cyber threat has emerged for the thousands of sailors trapped in the Middle Eastern region: digital pirates running a cryptocurrency scam. MARISKS, a Greek maritime risk management firm, has issued a warning to shipping companies that messages that…

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Anthropic’s Mythos: US security agency ‘found’ using Pentagon ‘blacklisted company’ Anthropic’s most powerful model yet, Mythos |

The US National Security Agency (NSA) is reportedly using Anthropic’s Mythos Preview, the company’s most-controversial AI model yet. This comes despite the US Department of War that oversees NSA labelled the AI company a ‘national security risk’ in March. An Axios report quoting two people familiar with the development said that the model was being…

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Brandi Glanville seeks help from Mark Cuban’s Cost Plus Drug Company, leading to drug prices dropping from $30 to $6 amid major medical struggles |

The recent health condition of Brandi Glanville has highlighted the monetary pressures resulting from complicated health problems. The American television personality and ex-model has suffered from symptoms that have resulted in facial deformity. Although her health issues are alarming, she has also had to consider the financial repercussions, which have become part and parcel of…

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Billion-dollar company Vercel ‘names and shames’ the AI tool that got its systems hacked; says: We assess the attacker as …

Cloud development platform Vercel has confirmed a security breach incident involving unauthorised access to its internal systems. For those unaware, Vercel is a premier cloud platform for frontend developers, specializing in hosting websites and web applications. The billion-dollar company has published a Security Bulletin, confirming the incident. “We’ve identified a security incident that involved unauthorized…

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Jack Dorsey who openly admitted that he is laying off thousands from his $41 billion company Block due to AI; says: I wanted to make sure that if we …

In a rare moment of candour among tech leaders, Jack Dorsey, CEO of fintech giant Block, openly admitted that artificial intelligence was the driving force behind the company’s decision to lay off 40% of its workforce which account to more than 4,000 employees. According to a report by Fortune, Dorsey said that the decision crystallised…

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