New Delhi, Feb 27 (IANS) Twitter (now called X) co-founder Jack Dorsey has announced that Block, the financial services company he founded, will cut its workforce by 40 per cent due to AI-led changes.Dorsey said on social media platform X that the company will cut its workforce from over 10,000 people to just under 6,000, with more than 4,000 employees being asked to leave or enter into a consultation-based role.Dorsey said that affected employees will receive “20 weeks’ salary plus one week p…
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New Delhi, Feb 16 (IANS) Indian IT companies will remain focused on profits rather than employment, as AI threatens to disrupt industries across the spectrum, former HCL Technologies CEO Vineet Nayyar said here on Monday while speaking at the ‘AI Impact Summit 2026’.Speaking at a session on the opening day of the AI Summit, Nayyar said that from an employment point of view, “I think it is very important for us to understand that Indian companies, including Indian IT companies, are going to…
New Delhi, Feb 13 (IANS) Chief of artificial intelligence at Microsoft, Mustafa Suleyman, has warned that most white‑collar roles that rely on computers could be automated within the next 12 to 18 months.He informed that the company is building a “professional‑grade AGI”, that could automate majority of works done by lawyers, accountants, project managers and marketers.In an interview with the Financial Times, Suleyman said Microsoft is racing to develop “professional‑grade AGI”, A…
New Delhi, Feb 6 (IANS) When Saurabh Netravalkar first learnt the India-USA fixture in the 2026 Men’s T20 World Cup would be at the Wankhede Stadium in Mumbai, it hit him hard. As a teenager in eighth grade, he made his first trip to the iconic venue.Whenever the train passed by the stadium, glimpses of the pitch through the window fuelled his dreams of playing professional cricket. On Saturday, that dream comes true – just not how the teenaged Netravalkar imagined it – wearing USA’s navy blue a…
Mumbai, Feb 2 (IANS) US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance expansion of its AI data‑centre capacity, a new report has claimed.The report from CIO, citing an investment bank TD Cowen, said the company cut about 10,000 jobs in late 2025 as part of a $1.6 billion restructuring plan. The total potential layoffs would be the largest in Oracle’s recent history, while TD Cowen estimated the proposed job reductions could free u…
Washington, Jan 23 (IANS) TikTok said it has created a new US-based joint venture to meet federal security requirements and allow Americans to keep using the popular video app.The new entity, called TikTok USDS Joint Venture LLC, was formed under an executive order signed by President Donald Trump on September 25, 2025. TikTok said the move will allow more than 200 million Americans and 7.5 million US businesses to continue using the platform.TikTok said the joint venture is majority American-ow…