A recent survey reveals that many companies that reduced staff because of AI have rehired employees for the very positions they previously eliminated, highlighting the limits of automation.
San Francisco-based AI customer service company Front has announced job cuts aimed at streamlining operations and achieving long-term business sustainability.
S&P Global Ratings shifts Meta’s credit outlook to negative, highlighting concerns over escalating spending on artificial intelligence and its impact on balance sheets.
Alphabet’s recent financial report triggered a significant market value decline, fueling scrutiny over Big Tech’s escalating investments in artificial intelligence.
Unconventional AI has secured NeuReality through a cash-and-stock deal to accelerate turning prototype chips into market-ready products, enhancing its hardware capabilities.
Despite widespread AI integration, a leading economist highlights that financial returns remain negligible for most non-tech companies, challenging assumptions about AI’s economic impact.
U.S. stocks rose modestly, supported by strong earnings from SpaceX, Capital One, and other major firms, counterbalancing mixed results from Netflix and AT&T.
Ahead of its upcoming IPO, AI company Anthropic intends to reserve 5% of its shares for a Public Benefit Fund that supports ethical and societal goals within AI development.
Hyundai Motor Group intensifies its focus on artificial intelligence in physical products to combat rising Chinese competition and address recent stock market declines.
Omron's $675 million acquisition of OnLogic aims to accelerate AI deployment on factory floors by integrating industrial computing power with smart automation.
Broadcom’s CEO criticized AI investors for gambling on volatile tech stocks, cautioning that many treat the market like a casino rather than making informed decisions.
Bull, a French state-controlled company, has doubled the output of its Angstrom supercomputer, marking a shift from planning to production in Europe’s AI computing efforts.