Oracle Cuts 21,000 Jobs as AI Drives Workforce Reductions
Oracle disclosed 21,000 workforce cuts over 12 months, citing AI as a major factor in job eliminations, amid broader tech industry layoffs.
ARTICLES BY MARCUS FELD
LATEST NEWS
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Meta Pauses Employee Tracking Program After Internal Security Breach
Meta has paused its employee tracking program after an internal security breach exposed data collected through the initiative to other workers, according to a company spokesperson.
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Bain & Company Uses Vibecoding to Test Software Acquisitions
Bain & Company is using vibecoding to assess how easily software can be replicated, influencing acquisition decisions with AI-generated replicas.
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Nobel Laureate John Jumper Leaves DeepMind for Anthropic
Nobel laureate John Jumper is leaving DeepMind after nearly nine years to join rival Anthropic, according to a recent announcement.
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Data Center Buildout Sparks Talent Wars and Ethical Debates
As Big Tech invests billions in data centers, electricians face both opportunities and ethical dilemmas, with some questioning their role in AI's future.
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NYU Professor Warns AI Crash Could Exceed Dot-Com Bust
Aswath Damodaran, NYU finance professor, warns an AI crash could be more damaging than the 2000 dot-com bust due to higher debt and infrastructure costs.
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OpenAI Revenue Tripled to $5.7 Billion in Q1
OpenAI reported $5.7 billion in Q1 revenue, up from $1.9 billion in Q1 2025, but burned through $3.7 billion in expenses.
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Reliance Unveils AI-Driven Call and Home Services
Reliance Industries announced Jio Call Agent, an AI assistant for phone calls, to be launched later this year for its 500 million users.
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Allbirds' AI Biz Smartbird Seeks Control Over AI Infrastructure
Allbirds sold its shoe business for $43 million and raised $100 million to launch Smartbird, an AI infrastructure provider targeting data sovereignty.
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Meta AI Workers Revolt Over Poor Morale and Misaligned Priorities
Meta's new AI unit has sparked employee unrest, with 7,000 workers reassigned to AI projects, leading to frustration and open defiance.
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Snap Spins Off AI Video Team Into New Company Dotmo
Snap is spinning off its AI video team into a new company named Dotmo, citing high internal costs as a key reason for the move.
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General Intuition Eyes $300M Raise at $2B Valuation
General Intuition, a New York-based startup, is in talks to raise $300 million, pushing its valuation to over $2 billion, according to sources.