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US companies announced a huge number of job cuts in October. Data shows this was the most layoffs for any October in over two decades. The main reason is the Artificial Intelligence (AI) revolution. Businesses are aggressively trying to cut costs. They want to automate tasks and increase efficiency. This push is fundamentally reshaping the…
Apple plans to use an artificial intelligence model from Google to upgrade its Siri voice assistant. Bloomberg News reported this major development. Apple will use Google’s powerful Gemini model as a temporary solution. The goal is to fill the gap until Apple’s own AI systems are complete. The companies are finalizing a deal reportedly worth…
Google is holding early discussions to significantly increase its investment in AI startup Anthropic. Anthropic is the creator of the Claude family of language models. This move shows the growing competition in the artificial intelligence market. Sources say this new funding round could value Anthropic at over $350 billion. The specific details of the potential…
IBM announced significant job cuts in the fourth quarter. The company will reduce a “low single-digit percentage” of its global workforce. This translates to several thousand roles. IBM employed about 270,000 workers at the end of 2024. These cuts are part of a regular workforce review. IBM is shifting its focus to high-growth areas like…
US chipmaker Nvidia has become a founding strategic adviser to the India Deep Tech Alliance (IDTA), a consortium launched in September to back deep-tech start-ups in India. The alliance announced over $850 million in new capital commitments, including from Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital. The group was inspired to…
Saudi Arabia is pouring billions into artificial intelligence as it works to become a top global player in tech. The kingdom’s new state-backed firm, HUMAIN, is leading this effort — building data centres, developing advanced AI tools and striking major tech partnerships. HUMAIN plans to roll out up to six gigawatts of data-centre capacity by…
The University of Pennsylvania has called in the FBI after discovering a cyberattack that targeted its systems and sent misleading emails to alumni. The breach came to light after graduates received unusual messages that appeared to come from official university accounts. The emails criticized the school, using phrases like “elitist” and “unmeritocratic,” raising immediate concerns…
Despite the ongoing surge in artificial intelligence (AI) interest, wider markets are showing signs of fatigue. A recent commentary on CNBC’s “Daily Open” newsletter noted that outside of the AI theme, many sectors lack clear direction and momentum. The S&P 500 and Nasdaq continue to hover near highs, yet they remain sensitive to macro risks…
Palantir’s strong performance is powered by rapid adoption of its AI-powered platform across commercial and government sectors. The U.S. commercial segment in particular is gaining momentum, with large deals signed and revenue climbing fast. CEO Alex Karp described the quarter’s growth as “otherworldly,” emphasising that customers are paying for real transformation, not just software. Investors’…
The global AI boom is showing no signs of slowing down. Investors and tech leaders say artificial intelligence is moving into a new phase — one driven by real products, real revenue, and strong demand across industries. Many experts now believe the AI sector is very different from the dot-com era. During the early 2000s,…
