The Latest Breaking News from Artificial Intelligence

Meta layoffs to start from tomorrow: which teams will be affected? Here's the breakdown

Meta layoffs tomorrow: Meta is initiating a significant round of layoffs, impacting approximately 10% of its global workforce, as it restructures to prioritize artificial intelligence workflows. This strategic shift involves transferring around 7,000 employees into new AI-focused initiatives and adopting flatter organizational structures to enhance efficiency and decision-making.

The Economic Times · May 19

Workday to keep expanding Indian workforce, deepen AI investments, executive says

Workday plans to continue its rapid hiring in India. The company is increasing investments in artificial intelligence and opening new offices. India's skilled workforce and lower costs make it attractive for global capability centers. Workday's headcount in India has already doubled. AI is automating tasks for customers, speeding up processes…

The Economic Times · May 19

Abu Dhabi's $13 billion AI strategy to build world’s first fully automated government

Abu Dhabi has announced a major transformation plan that aims to make it the world’s first fully AI-native government across all digital services by 2027, according to the Department of Government Enablement. This is a part of the Abu Dhabi Government Digital Strategy planned from 2025 to 2027. The strategy…

The Times of India · May 19

Climate agencies to ask AI to predict future disasters

Artificial intelligence could play a major role in predicting natural disasters around Australia but authorities warn they do not understand it well enough.

AAP · May 19

Standard ​Chartered to cut over 7,000 jobs as bank steps up AI adoption

HONG KONG — Standard ​Chartered plans to cut more than 7,000 jobs over the next ‌four years as it boosts adoption of artificial intelligence (AI) while targeting growth.

Bangkok Post · May 19

Cognizant Technology Solutions Sees AI ‘Bridge’ as Next Big IT Services Growth Driver

Cognizant Technology Solutions (NASDAQ:CTSH) CEO Ravi Kumar S said the company sees artificial intelligence as an expanding opportunity for IT services providers, arguing that enterprises need help turning rapidly advancing AI capabilities into operational value. Speaking at a company news event, K

MarketBeat · May 19

Kyle Su's Kuark Capital launches $400 million Asia tech-focused hedge fund

Kuark Capital is launching a new hedge fund. It has raised over $400 million. The fund will focus on Asian artificial intelligence stocks. Taiwan and Japan are key markets. The strategy involves a low-net equity long-short approach. This aims to manage market volatility. Investor interest in Asian AI firms is…

The Economic Times · May 19

China market for Nvidia AI chips to open 'over time': CEO Jensen Huang

Nvidia boss Jensen Huang expects China to eventually open its market to high-end US chips that can train and run artificial intelligence systems. "My sense is that over time the market will open," added Huang, CEO of Nvidia - the world's most valuable company, due to huge demand for its…

The Economic Times · May 19

Cellebrite DI Sees Federal Rebound as AI, Defense Tools Fuel New Growth

Cellebrite DI (NASDAQ:CLBT) executives said the digital investigations company is seeing renewed momentum in government demand, international markets and new product categories, including artificial intelligence and defense-focused capabilities, during a JPMorgan cybersecurity and DevOps event hoste

MarketBeat · May 19

CarGurus Pushes Beyond Leads With AI, Inventory Tools and Global Expansion

CarGurus (NASDAQ:CARG) Chief Executive Jason Trevisan said the company is accelerating product development across dealer and consumer offerings, with inventory tools, artificial intelligence and international expansion among the key areas of focus. Speaking at a JPMorgan event hosted by analyst Raj

MarketBeat · May 19