Anthropic leaders warn AI could eliminate half of entry-level white-collar jobs within five years, potentially raising unemployment to 20% and driving massive workforce disruption.
Browsing: Corporate governance
Elon Musk’s xAI cuts 500 data annotators in a controversial layoff, pivots to domain specialists, and faces leadership, stability, and political criticism.
By aggressively boosting H-1B sponsorships in 2025, tech and financial giants signal foreign talent remains central to their future despite Trump’s restrictive stance.
Larry Ellison, Oracle’s co-founder, has surpassed Elon Musk as the world’s richest person with a $393 billion fortune, fueled by Oracle’s AI-driven cloud surge.
Google tightens control over AI use, mandating engineers rely on internal tools as performance reviews increasingly link success to mastering AI-driven workflows and productivity.
Novo Nordisk will cut 9,000 jobs, about 11.5% of its global workforce, as new CEO Maziar Mike Doustdar launches a major restructuring to boost growth.
Oracle’s recent layoffs have shaken thousands of employees in India and the U.S., highlighting the human toll of restructuring even as the company expands AI and cloud investments.
Tesla’s U.S. market share hits an eight-year low as rivals outpace its aging lineup, raising concerns over competitiveness despite Musk’s AI and robotics ambitions.
BMW and Mercedes-Benz unveil new electric SUVs with longer range, faster charging, and AI-driven smart technology, intensifying competition against Tesla’s Model Y in global EV markets.
Amid mass layoffs and cost-cutting, Paramount’s new CEO David Ellison orders employees back to office full-time, signaling the end of pandemic-era workplace flexibility.
Oil giant ConocoPhillips plans mass layoffs impacting 20–25% of its global workforce as falling oil prices and rising costs pressure the energy sector.
Tesla faces mounting scrutiny after a jury found it partly responsible for a 2019 Autopilot crash in Florida, awarding $243 million in damages.
Google restructures by slashing over a third of its small-team managers, streamlining operations to cut costs, boost efficiency, and accelerate AI-driven growth amid industry pressures.
Indian American IT industry veteran to focus “on leveraging emerging technologies like machine learning and AI”
MIT’s NANDA report shows 95% of generative AI pilots fail, but startups like Maisa are redefining enterprise AI with accountable, process-driven automation and trust-focused tools.
Rishab Agarwal, Chaya Nayak, Avi Verma, Ethan Knight are some of the AI researchers that have left their high-paying jobs at Meta; two of them join OpenAI
FEMA has suspended employees who signed an open letter warning Trump administration budget cuts, political interference, and censorship of climate science could trigger another Katrina-like disaster.
Apple has sued ex-employee Shi Chen, accusing him of stealing Apple Watch trade secrets and sharing them with Oppo, intensifying U.S.-China tech rivalry concerns.
Elon Musk’s rejected $97.4 billion bid to acquire OpenAI, with an unusual outreach to Mark Zuckerberg, highlights tensions between nonprofit ideals and profit-driven AI ambitions.
U.S. DNI Tulsi Gabbard announced sweeping reforms, slashing staff and budget while eliminating key units, amid controversy over revoked security clearances and reshaped intelligence priorities.
The SOC Investment Group has urged NASDAQ to probe Tesla’s $29 billion equity award to Elon Musk, raising concerns over governance, transparency, and shareholder approval.
Oracle Chief Security Officer Mary Ann Davidson, a leading figure in cybersecurity since 1988, has left the company amid reorganization and AI-driven cost-cutting measures.
Foxconn and SoftBank partner to produce data center equipment at the former Ohio EV plant, advancing the $500B Stargate project to boost U.S. AI infrastructure.
Amazon will shut down its Appstore for Android users on August 20, 2025, ending support, discontinuing Amazon Coins, and urging users to secure refunds and switch to Google Play.
Indian American industry veteran to execute company strategy to accelerate growth across the U.S. and Latin America