Meta’s chief technology officer Andrew Bosworth told employees at a July Q&A that AI productivity gains should be used to build more products, not to take more time off. An employee had asked whether the gains could be channelled into reviving “Met…
The mood around corporate AI spending is turning, and Uber is saying so out loud. The company’s chief technology officer, Praveen Neppalli Naga, says the era of tokenmaxxing is coming to an end. The term needs a translation. Tokenmaxxing is the practic…
Google is laying off around 52 employees in Washington state, according to a WARN notice it filed on Wednesday and first reported by GeekWire. The letter gives no reason for the cuts. It says only that they are permanent, and that they are not the resu…
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…