Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]
Alibaba has officially entered the smart wearable race with the launch of its Quark AI Glasses and a new ChatGPT-style chatbot, signaling its strongest consumer-focused AI push yet. The tech giant announced that pre-orders for the Quark AI Glasses will begin on October 24 via Tmall, its flagship e-commerce platform. The initial pre-sale price is […]
Microsoft announced Wednesday that it will lay off around 9,000 employees, impacting fewer than 4% of its global workforce. The reductions will span across various teams, locations, and experience levels, according to a source familiar with the matter. The move aligns with the start of Microsoft’s 2026 fiscal year, a time when the tech giant […]
Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]
Just days after Astronomer CEO Andy Byron stepped down, the company’s top HR executive, Kristin Cabot, has also resigned following a widely circulated incident at a Coldplay concert. “Kristin Cabot is no longer with the company,” a spokesperson confirmed in a Thursday email. Cabot served as Astronomer’s Chief People Officer. The controversy erupted after concertgoers […]
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]
Apple Inc. has officially begun shipping its first batch of American-made AI servers from a newly established facility in Houston, Texas, signaling a major step forward in its commitment to boost U.S.-based manufacturing and innovation. These advanced servers form a key part of Apple’s $600 billion investment initiative aimed at expanding local production, strengthening supplier […]
Jeff Bezos has named longtime Amazon executive Tom Taylor as the new President and CEO of the $10 billion Bezos Earth Fund, a major philanthropic effort focused on tackling climate change and preserving biodiversity. Taylor, who spent over two decades at Amazon and previously led its Alexa voice assistant division and third-party seller services, shared […]
OpenAI CEO Sam Altman believes the term “artificial general intelligence” (AGI) is losing its value as the AI industry evolves at an unprecedented pace, making it increasingly difficult to define. AGI is often described as an AI system capable of performing any intellectual task that a human can do. For years, OpenAI has aimed to […]
Daphnee Poteau, a Haitian immigrant who arrived in the U.S. in 2023, found more than just a job at an Amazon warehouse in Indianapolis—she found her husband, Kristopher Vincent, a longtime employee at the same facility known as IND8. But their future has suddenly become uncertain. Last month, Poteau was contacted by the Department of […]