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John Ternus didn’t waste time. Days after being announced as Tim Cook’s successor, Apple‘s CEO-in-waiting walked into a town hall and told employees exactly how he thinks about AI—and more importantly, what Apple won’t do with it. “We don’t ship technology for technology’s sake,” Ternus said, according to Bloomberg. It was the clearest signal yet…
OpenAI CEO Sam Altman is once again making headlines with his latest post on X (formerly Twitter). Altman shared a post earlier today where he predicted economic collapse in a post-AGI world hit by mass unemployment. For those unaware, AGI or artificial general intelligence is a theoretical, advanced form of AI that matches or exceeds…
Nike has announced that it will layoff 1400 employees across its global operations team, with the majority of reductions coming from its technology division. This move of the company is part of its ongoing ‘Win Now’ action plan which is aimed at streamlining operations and positions the brand for longterm profitable growth. In a memo…
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…
Top US technology companies including Google, Meta, Amazon, OpenAI and Anthropic are now spending millions on lobbying, a sharp rise compared to previous years, reported Axios. The increased spending comes as artificial intelligence (AI) becomes a key policy issue. As per the report, these firms are engaging with lawmakers on topics such as AI regulation,…
Starbucks has reportedly announced job cuts in its technology teams. According to an internal communication sent to employees (seen by The Seattle Times), the company noted that it is laying off staff as part of a restructuring of its technology organisation. This week, the company informed the laid-off employees that the report noted. There had…
Quote of the day by Sam Altman People all over the world are talking more and more about the pros and cons of artificial intelligence as it continues to grow quickly. AI is a part of life now. It has things like writing, designing, and data analysis tools, as well as systems that can make…
AI-generated image for representation Top international financial officials have sounded an alarm over the latest artificial intelligence (AI) models developed by the US tech companies, warning they could expose dangerous weaknesses in the global banking system’s cyber defences, a report has said. The warning came as finance ministers, central bankers and regulators gathered in Washington…
The next battle in search may not be about ads or user behaviour, but about rewriting the technology itself. That’s the message from Perplexity AI, which is now positioning its platform as a fundamental rethink of how information is retrieved online. According to a report by Benzinga, Jesse Dwyer, Chief Communications Officer at Perplexity, said:…
Intel’s stock has been among the S&P 500 Index’s most closely monitored in recent times. This surge followed the company’s remarkable recovery from a share price drop and has resulted in a gain of more than $100 billion in market capitalisation within just ten days. Several positive developments have contributed to the rise in the…
