Page 76 - Data Science For News Today

The company has founded a new artificial intelligence lab to generate new product ideas, including possible cooperation with companies in the technology sector across China, North America and Europe, it said in a statement.

The worlds biggest maker of memory chips said it expected mobile and PC makers to place more and better chips in devices as use of artificial intelligence expands, while the need to replace older servers would also aid a gradual recovery in demand.

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. Justice Department and the Securities and Exchange Commission stemming from an October 2 accident in San Francisco. GM CEO Mary Barra said the company will "refocus and relaunch Cruise" and will soon disclose a timetable for resuming operations.

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, targeted job cuts while focusing on key products like AI. Smaller tech startups are also slashing jobs to survive. The layoffs are a correction after years of a booming global economy and near-zero interest rates. Tech executives are now admitting to over-hiring during the pandemic. In the first 30 days of 2024, approximately 100 tech companies h...

Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaportes biggest bet. Job cuts are part of the Left-Shift strategy. Wipro underperforms and faces conflicting goals.

The Reserve Bank of India, in a notification issued on Wednesday, has barred Paytm from offering all basic payment services, including Unified Payments Interface, IMPS, Aadhaar-enabled payments and bill payment transactions, effective February 29.

Advantest said it sees sales of memory testers reaching 244 billion yen ($1.65 billion) in the financial year ending March, an increase of 5 billion yen from its October outlook but down a quarter on the same period a year earlier.

The first month of the new year ends with Big Tech and media companies continuing to announce fresh job cuts, a sign that the spate of layoffs seen in 2023 could persist as firms grapple with economic uncertainty.

During the first edition of the global Microsoft AI tour in Mumbai, company executives said the vibrant startup ecosystem and AI expertise in the developer community are the major strengths of the Indian market.

A formal decision in this regard, however, will be made only after discussions with the board and consent from shareholders, he added.