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Block fires 4,000 workers and blames AI tools
Jack Dorsey cut 4,000 workers at Block last week and said AI made it possible. But other forces…
OpenAI signs Pentagon deal hours after rival loses contract
OpenAI reached an agreement with the Pentagon on Friday to provide artificial intelligence technologies for classified systems. The…
OpenAI fires worker for betting with company secrets
OpenAI has fired an employee for using confidential company information to trade on prediction markets. The company’s CEO…
AI demand drives phone prices up 14% to record $523
A global shortage of memory chips has pushed smartphone prices to all-time highs. The average selling price will…
CEO fired 80% of workers who refused AI, says he was right
Two years ago, Suumit Shah made global headlines. The CEO of Indian tech company Dukaan laid off nearly…
Nvidia makes more profit than Apple or Microsoft for first time
Nvidia reported a quarterly profit of $43 billion on Wednesday, capping a fiscal year with total profit of…
AMD challenges Nvidia with big Meta chip deal
Meta said on Tuesday it will purchase billions of dollars worth of semiconductors from Advanced Micro Devices to…
AI spending makes up half of US economic growth
A new measure of economic activity has caught the attention of business leaders and policymakers across the United…
Microsoft’s $1 billion OpenAI bet now worth $135 billion
Microsoft CEO Satya Nadella faced skepticism from an unexpected source when he decided to invest $1 billion in…
Xbox gets new boss who promises no AI-made games
Phil Spencer is stepping down after 12 years leading Microsoft Gaming. His replacement is Asha Sharma, the president…