AI as Scapegoat? What a Wave of White-Collar Layoffs Says About the U.S. Economy
A spate of high-profile job cuts is rippling through Corporate America, with Amazon, UPS and Target collectively announcing more than...
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Global markets sink as doubts over frothy AI and tech valuations trigger selloff
Global equities retreated Wednesday as the AI-fueled tech trade lost steam, sparking a broad selloff from Asia to Europe and...
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UK court delivers mostly favorable ruling for Stability AI in Getty Images IP dispute
LONDON—Stability AI won a largely favorable ruling in a closely watched U.K. case brought by Getty Images, as a High...
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Microsoft inks $9.7 billion cloud-capacity pact with IREN to ease AI compute shortages
Microsoft agreed to spend $9.7 billion over five years with data-center operator IREN to secure Nvidia-powered compute and ease an...
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Is AI About to Make Call Centers Obsolete?
Companies are racing to deploy generative AI “agents” to handle routine customer inquiries, aiming to cut costs and speed response...
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Microsoft and Lambda strike multibillion-dollar AI infrastructure pact built on Nvidia chips
AI cloud startup Lambda said it reached a multibillion-dollar agreement with Microsoft to build out artificial-intelligence infrastructure using tens of...
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OpenAI and Amazon ink $38 billion cloud-AI pact
OpenAI struck a seven-year, $38 billion agreement to run its AI workloads on Amazon Web Services, securing access to vast...
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Meta’s AI push lacks a killer product
Meta’s heavy bet on artificial intelligence is rattling investors. The company reported a surge in operating costs—up $7 billion year...
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Microsoft to resume hiring, aiming for higher productivity per employee through AI, Nadella says
Microsoft Chief Executive Satya Nadella said the software giant plans to expand its workforce after a year of layoffs and...
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Nvidia spearheads U.S. AI manufacturing with Arizona-based production of its fastest chips
Nvidia will manufacture its most advanced AI chips in Arizona, a shift Chief Executive Jensen Huang framed as part of...
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