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Intuit, the parent company of TurboTax and QuickBooks, plans to lay off more than 3,000 employees globally, or nearly 17% of its workforce, as part of a broader restructuring aimed at sharpening its focus on artificial intelligence, according to an exclusive Reuters report. The company informed employees through an internal memo that the cuts are … Read more
Artificial Intelligence (AI) is growing rapidly across the world and becoming a major part of everyday life, business operations and future technologies. From workplaces and schools to healthcare, AI is now being used in almost every sector. While tech giants continue pouring billions of dollars into AI development and infrastructure, recent surveys indicate that many … Read more
AI educator and OpenAI founding member Andrej Karpathy has joined Anthropic, the executive said on Tuesday, May 19, as the company ramps up hiring amid intensifying competition in the generative artificial intelligence race. “Personal update: I’ve joined Anthropic,” Karpathy said in a post on Karpathy added that he remained “deeply passionate about education” and planned … Read more
1 / 8 At its annual developer conference in Mountain View, California, Google announced a range of new artificial intelligence-powered features across YouTube, Google Docs and developer platforms, as the company seeks to strengthen its presence in the fast-growing AI sector. Chief Executive Officer Sundar Pichai said the company is integrating AI into every part … Read more
MakeMyTrip reported record annual gross bookings of $10.4 billion for FY26, marking the first time the online travel platform has crossed the $10 billion milestone despite what it described as a challenging macro environment. The Nasdaq-listed company said gross bookings grew 10.4% year-on-year in constant currency terms during FY26, while revenue rose 10.7% to $1.04 … Read more
Sumit Jain, the chief executive officer (CEO) of Bengaluru-based Unacademy’s test-preparation business, is stepping down from his full-time operating role, Moneycontrol reported. Sumit Jain is also one of the co-founders of the company This move comes ahead of the company’s proposed merger with upGrad. Moneycontrol cited an internal memo sent by Unacademy cofounder and chief … Read more
US power companies NextEra Energy (NEE.N) and Dominion Energy (DN) announced a plan to merge on Monday in a $66.8 billion deal that will form one of the world’s largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence. The all-stock transaction, which is pending regulatory approvals, is one of the … Read more
A US federal court has rejected Elon Musk’s legal challenge against OpenAI and its chief executive Sam Altman, ending what has been one of Silicon Valley’s most closely watched corporate battles over the future of artificial intelligence. An advisory jury found that Altman, OpenAI and its leadership were not liable on claims brought by Musk, … Read more
SaaS major Salesforce’s Chief Digital Evangelist Vala Afshar, in an exclusive interview with CNBC-TV18’s Shereen Bhan on Monday, revealed that the company has launched Agentforce Voice support for Hindi. He called this launch a moment of reckoning for a business that has been operating in India for 25 years. “We’ve been in business in India … Read more
US President Donald Trump said he “should have asked for more” of a stake in Intel on behalf of the US government in an interview with Fortune magazine published on Monday, Reuters reported. The deal has made the US coffers some good, as the US government has made over $30 billion in recent months from … Read more
