Amazon CEO Andy Jassy says 14,000 layoffs stem from “culture” and organizational layers, not finances or AI, aiming to restore agility amid automation-driven restructuring.
Author: Nileena Sunil
The 12th World Tamils Economic Conference in Washington, D.C., brought together global Tamil leaders, entrepreneurs, and policymakers to strengthen U.S.-India ties and promote innovation-driven collaboration.
Grammarly had acquired Superhuman, an AI-native email app in July, and the company now plans to rename itself to Superhuman
OpenAI has been laying the groundwork for an initial public offering (IPO) of up to $1 trillion
General Motors said on Wednesday that it would lay off around 1,200 workers at the Detroit-area all-electric factory
Major Paramount layoffs begin today with CEO David Ellison seeking to reposition the company
Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund away from a focus on real estate gigaprojects
Toyota clarified it made no explicit $10 billion U.S. investment pledge after Trump’s remarks, though it reaffirmed continued investments and job creation in America.
Meta is laying off over 700 employees across its Puget Sound and Bay Area offices as part of a major restructuring of its AI and product teams.
AMD and the U.S. Department of Energy have partnered in a $1 billion deal to build two AI-driven supercomputers, Lux and Discovery, to advance science, energy, and healthcare.
Musk, who was once an admirer of Wikipedia, has accused the platform of harboring a “liberal bias.”
PayPal partners with OpenAI to embed its wallet into ChatGPT, enabling secure shopping and agentic AI-powered checkout for hundreds of millions of users and merchants.
Tesla Board Chair Robyn Denholm urges shareholders to approve Elon Musk’s nearly $1 trillion pay plan, highlighting his pivotal role in advancing AI and future innovations.
JP Morgan Chase has chosen antimony and gold miner Perpetua Resources for its first investment with its $1.5 trillion fund for U.S. national security
Boeing faces mounting pressure as over 3,200 machinists reject its latest contract offer, extending a three-month strike that disrupts jet deliveries and defense production.
Australia’s competition regulator ACCC has sued Microsoft, alleging the company misled 2.7 million customers into paying higher prices for Microsoft 365 plans bundled with AI tool Copilot.
U.S. Treasury Secretary Scott Bessent announced that the U.S. and China have finalized a deal transferring TikTok’s U.S. operations to American investors, easing trade tensions.
Microsoft AI Chief Mustafa Suleyman says the company will not build AI services offering “simulated erotica,” warning against conscious or erotica-focused artificial intelligence systems.
The U.S. national debt has surpassed $38 trillion, raising alarms about inflation, higher borrowing costs, and long-term economic challenges for future generations.
Blackstone will invest $705 million for a 9.9% stake in India’s Federal Bank, becoming its largest shareholder, pending regulatory and shareholder approvals.
OpenAI acquires Software Applications, Inc., creators of the AI-powered Mac interface Sky, strengthening its push to integrate ChatGPT and AI tools seamlessly into everyday workflows.
U.S. employees in the Google Customer Solutions (GCS) division were informed last month about this change via memo sent by its Vice President John Nicoletti
Meta will lay off 600 employees from its artificial intelligence (AI) unit
Elon Musk reacts to reports that Amazon plans to replace tens of thousands of jobs with robots, saying AI will make working optional in the future.
Former Accenture CTO Karthik Narain joins Google Cloud as Chief Product and Business Officer, leading global product, engineering, and AI-driven business strategy under CEO Thomas Kurian.