Microsoft executive vice president Jay Parikh has told employees in an internal email that the company needs to rein in its AI token consumption, writing that “tokenmaxxing is not what we are optimizing for.” The message, first reported by 404 Media, r…
Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “…
Deel, the global HR and payroll platform, has acquired Clarity, a Tel Aviv-based AI cybersecurity startup that detects deepfakes and verifies identities in real time. The deal, reportedly worth between $45 million and $50 million in a mix of cash and s…
The boos at last spring’s graduations suggested a student revolt against AI. The data points the other way. Among business students at one Washington school, regular AI use has quietly become the norm, and the loudest demand is not to ban it but to tea…
OpenAI has agreed to pay $3.2m to settle a US government claim. The allegation: it favoured workers on temporary visas over American workers. The Justice Department announced the deal on Tuesday. It resolves claims that the company broke federal anti-d…
The Big Four built its fortune on armies of junior consultants and accountants. PwC has started hiring fewer of them. Its US boss says that is the future, and he is comfortable with it. Paul Griggs, PwC’s US senior partner and chief executive, told Bus…
Before Congress writes a single rule for artificial intelligence, it has already picked a supplier. In the year to the end of March, House offices spent nine of every ten visible AI dollars on one product: OpenAI’s ChatGPT. The figures come from a CNBC…
The most valuable workers in technology cannot be kept, whatever the price. That is the uncomfortable admission running through the AI industry this week, as elite researchers keep hopping between labs that have offered them almost everything money can…
Most AI companies want to sell software to call centres. Yellow.ai wants to buy the call centres. The enterprise-AI firm has agreed to go public through a merger with a blank-cheque company. It plans to spend much of the money acquiring the outsourcing…
Artificial intelligence has rapidly become one of the defining business conversations of the decade. Yet despite growing investment and widespread discussion, many organizations continue to approach AI with hesitation. Research found that while organiz…