Tags: Artificial intelligence
HP Slashes Workforce by Up to 10% as Company Pivots to Artificial Intelligence
HP announces plans to cut up to 6,000 jobs worldwide as it shifts toward AI-driven operations and cost-saving strategies.
Stocks Fall Sharply As AI Jitters, Rate-Cut Doubts Hit Wall Street
Mixed signals from Federal Reserve officials and recent economic data have stirred uncertainty over the central bank's next move.
US Companies Ramp Up Disclosures On AI Risks As Technology Moves Into Operations
According to a recent analysis of S&P 500 companies' annual SEC Form 10-K filings, 72 percent of firms now report at least one AI-related risk, up sharply from 12 percent in 2023.
SoftBank Offloads Nvidia Stake for $5.8B, Trims T-Mobile Holdings to Fund $22.5B OpenAI Investment
SoftBank is divesting assets, including Nvidia and T-Mobile shares, to fund its $22.5 billion investment in OpenAI, highlighting its shift towards AI focus.
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Cluely, an AI tool that quietly helps users in real time, secures $15M led by Andreessen Horowitz to fuel viral marketing and expand its controversial tech.
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
Tesla CEO Elon Musk said that the company would be delaying the launch of its long-awaited robotaxi service on Oct. 10, around two months after the planned date.
The Federal Trade Commission has ordered eight companies to provide information the agency said was offering products and services that use personal data to set prices based on a shopper’s individual characteristics.
Tech billionaire Elon Musk said in a Daily Wire interview that his perspectives regarding gender ideology and population are deeply personal after he had to deal with one of his sons deciding to cut ties with him by changing both name and gender.
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
Nvidia CEO Jensen Huang decided last week to sell over $31 million worth of the company’s stock in a move to entice investors.
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.

















