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The Latest Breaking News from Artificial Intelligence

Mark Zuckerberg says he feels 'weight' of Meta layoffs

Meta is laying off approximately 8,000 employees, about 10% of its global workforce, to redirect resources towards an ambitious artificial intelligence agenda. This significant restructuring follows a "Year of Efficiency" campaign and comes as the company dramatically increases spending on AI infrastructure, aiming to define the future of personal superintelligence.

The Economic Times

AI must be shaped by ethical oversight, commitment to equity: Health Minister JP Nadda

AI must be shaped by ethical oversight, commitment to equity: Health Minister JP Nadda

India's Health Minister J P Nadda emphasized the need for strong regulation and ethical oversight for Artificial Intelligence in healthcare. He highlighted India's digital initiatives and strategies like SAHI to ensure AI benefits everyone. Nadda stressed that responsible AI development is crucial to avoid deepening health inequities.

The Economic Times

Nvidia posts record $81.6 bn quarterly revenue on AI spending boom

Nvidia posts record $81.6 bn quarterly revenue on AI spending boom

Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter. Demand for Nvidia products seems insatiable despite recurring talk on Wall Street that the AI spending spree could come to a…

The Economic Times

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SpaceX IPO filing lays bare losses and Elon Musk control as it stakes future on AI

SpaceX has filed for its IPO, revealing substantial losses in its artificial intelligence division. The company's future hinges on unproven technologies like space data centers. Starlink, its satellite internet service, remains the only profitable segment. The IPO could be the largest ever, valuing SpaceX at a record amount.

The Economic Times

SpaceX IPO filing: Massive AI spending, future ambitions and Starlink expansion-Will SpaceX’s awaited IPO make Elon Musk the world’s first trillionaire?

SpaceX has filed for its long-awaited public stock offering. The company revealed its finances, board members, and ambitious plans for space exploration and AI. SpaceX aims to make life multiplanetary and harness the sun for AI. The IPO could make Elon Musk a trillionaire. SpaceX's mission includes building bases on…

The Economic Times

CDW Touts AI Factory Demand, Recurring Revenue Push at JPMorgan Conference

CDW (NASDAQ:CDW) executives said customers are moving beyond artificial intelligence experimentation and are increasingly asking for help deploying AI “safely, economically, and at scale,” during a JPMorgan fireside chat featuring Chair and CEO Christine Leahy and CFO Albert Miralles. Leahy said th

When AI giants go public, will ordinary investors know if they are along for the ride?

We’ve heard a lot about the artificial intelligence (AI) boom and how enormous amounts of money are being poured into companies building ever more powerful technologies.

The Conversation

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CCC Intelligent Solutions Enters Next AI Phase as Products Scale With Major Customers

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) management said the company is entering its next phase with artificial intelligence moving from evaluation and testing into broader production use across its customer base. Speaking at the JPMorgan Boston TMC Conference, CEO Githesh

Nvidia posts record $81.6 billion quarterly revenue on AI spending boom

Nvidia posts record $81.6 billion quarterly revenue on AI spending boom

Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter. The results for the first quarter of fiscal 2027, ending April 26, marked an 85 percent jump from the same period…

The Economic Times

FED:Brace for bugmageddon: experts warn of AI crime wave

Attacks on Australian financial service firms are growing but artificial intelligence technology could raise the threat level even higher.

Brace for bugmageddon: experts warn of AI crime wave

Brace for bugmageddon: experts warn of AI crime wave

Attacks on Australian financial service firms are growing but artificial intelligence technology could raise the threat level even higher.

If Your Online Lover Won’t Video Chat, Run: Experts Explain New AI Romance Scams and the Simple Trick to Verify Photos

If Your Online Lover Won’t Video Chat, Run: Experts Explain New AI Romance Scams and the Simple Trick to Verify Photos

That charming stranger who texts nonstop, sends perfect selfies, and always has an excuse to avoid live video may not be shy. They could be part of the fast-growing world of AI romance scams. Today’s scammers are using artificial intelligence to create realistic photos, polished conversations, cloned voices, and even…

Budget and the Bees

Accentism for profit? What Telus is getting wrong about accents

Accentism for profit? What Telus is getting wrong about accents

Telus Digital, the global technology and digital services arm responsible for the telecommunication giant’s call centres, has recently deployed an “accent masking” artificial intelligence tool to change the way its offshore agents sound. The technology analyzes agents’ pronunciation in real time and reshapes their accents to more closely resemble generalized…

The Conversation

Lenskart to step up AI push in FY27, targets scale-up in eye tests, automation

Lenskart to step up AI push in FY27, targets scale-up in eye tests, automation

Lenskart is pivoting to a consumer-AI company, making artificial intelligence central to its FY27 growth strategy. The company aims to integrate AI across its value chain, from eye tests and product design to manufacturing and delivery, to enhance customer acquisition and eye-testing capacity.

The Economic Times

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Spot the Red Flags: High-Pressure Pitches and Odd Payment Requests Are Clues You’re Dealing with an AI Scam

Artificial intelligence has made scams more convincing than ever, and many victims do not realize they are being manipulated until the money is already gone....

International Business Times

Google Unveils Gemini AI Agent To Help With Users' Digital Life

Google used its annual I/O developers conference on Tuesday to unveil a broad wave of artificial intelligence updates, including a completely new personal AI assistant "designed to proactively manage tasks and help you navigate your digital life, all under your direction."

GDS Q1 Earnings Call Highlights

GDS (NASDAQ:GDS) said demand for data center capacity in China is accelerating as artificial intelligence workloads drive larger deployments, prompting the company to prepare for a new investment cycle backed by a significantly expanded land bank and strong liquidity. On the company’s first-quarter

Bentley Systems Bets on Infrastructure AI as Monetization Remains in Early Innings

Bentley Systems (NASDAQ:BSY) Chairman Greg Bentley used an appearance at the J.P. Morgan Boston TMC Conference to outline why the infrastructure software company sees artificial intelligence as a long-term growth driver, while acknowledging that commercial monetization of some AI-related capabilitie

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The Economic Times

Gen Z and AI: As AI takes centre stage, youth stand in disapproval

Young people express growing anger and anxiety about artificial intelligence. AI is reshaping industries and impacting jobs globally. Tech giants are cutting staff, citing AI advancements. Surveys show a rise in negative emotions towards AI among the youth. Many believe AI's risks outweigh its benefits. This sentiment is evident in…

Why Bill Gates Finally Sold Every Microsoft Share

For nearly 50 years, Bill Gates and Microsoft were deeply connected. The company he co-founded with Paul Allen in 1975 changed personal computing forever, built one of the world’s most powerful tech empires, and turned Gates into a global business icon. Even after leaving day-to-day leadership, the Bill & Melinda…

AI bots are coming and the young are booing, not applauding

LONDON — The artificial intelligence (AI) ⁠revolution is ⁠here, and the boos are getting louder.

Blackbaud CEO Touts AI Fundraising Agents, Rule of 45 Path at JPMorgan Conference

Blackbaud (NASDAQ:BLKB) Chief Executive Officer Mike Gianoni outlined the company’s market position, artificial intelligence strategy and financial priorities during a discussion with Zach Canter, managing director in JPMorgan’s technology investment banking group. Gianoni described Blackbaud as a

The Economic Times

UBS sees mixed outlook for Indian IT sector, mid-tier firms outperform large caps amid AI shift

Indian IT firms saw varied results in the last quarter. Mid-tier companies performed better than large ones. Artificial intelligence is changing how clients spend money. Some big companies like Infosys and Wipro reported lower growth. Mid-tier firms like Coforge showed strong performance. Clients are focusing on AI and cost savings.…

Plausible mistakes: Wikipedia boss says don't trust AI

Artificial intelligence could make our lives better, according to Wikipedia's founder, but it's still far from being a reliable source of information.

The Economic Times

Meta begins 8,000 global job cuts in Asian hub of Singapore

Meta Platforms is laying off approximately 8,000 employees globally as part of a restructuring to boost efficiency and reduce costs, while simultaneously investing heavily in artificial intelligence. This latest round of cuts primarily impacts engineering and product teams, with some workers are being reassigned to new AI-focused initiatives.

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