Economic Times
General Motors is cutting spending by about $1 billion on its troubled robotaxi unit Cruise in 2024. Last week, Cruise disclosed probes by the U.S. Ju
Businesses are now scrambling to appoint AI leaders, with some metaverse executives reinventing themselves as AI experts. Compensation packages for AI
Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'Left-Shift'
Jack Dorsey's financial services company Block is laying off close to 1,000 employees, which will affect staff in the Cash App, Afterpay and Square su
Last year, tech giants like Meta, Amazon, Google, and Microsoft laid off employees and saw their stock prices rise. This year, they are making smaller
According to verified PayPal professionals on the anonymous online discussion forum Blind, the job cuts have begun, and by the end of the week, will i
Taiwan President Tsai Ing-wen has written to Pope Francis expressing support for his concerns over the use of artificial intelligence (AI) and pledgin
The fundraising will allow Rakuten to fully buy back its 10.25% senior notes and 3.546% senior notes due in 2024, which have a combined principal outs
The government announced a reduction in the import duty for components used in the manufacturing of mobile phones. The duty has been slashed from 15 p
The talent agency WME announced a partnership with the technology firm Vermillio on Tuesday that it hopes will protect its clients from having their l
The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally i
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue.
Universal Music Group has been pressing TikTok for appropriate artist and songwriter compensations in their contract renewal discussions, among other
AMD's near doubling of its AI processor projections to $3.5 billion was not enough to meet Wall Street's lofty projections for the company's AI fortun
The world's biggest maker of memory chips said it expected mobile and PC makers to place more and better chips in devices as use of artificial intelli
Microsoft, Alphabet, and Advanced Micro Devices experienced a selloff in their stock market value after failing to meet investors' expectations with t
Google, inventor of foundational technology for today's AI boom, is also locked in battle with two industry players that have captured the business wo
Microsoft Corp beats Q2 revenue estimates with 18% growth driven by new AI features attracting customers to its cloud and Windows services. Microsoft
Top internet firms didn’t let a ‘funding winter’ dampen their urge to spend in the last fiscal, an ET analysis found. Details of this and more i
Depending on the final set of investors subscribing to the share sale, Byju’s founder Byju Raveendran may also end up owning more in the firm if he
