The 'tsunami' will hit 40% of jobs: the IMF's warning as AI grows smarter and more autonomous
The IMF's managing director describes AI's effect on employment as a slow-moving tsunami. She says it will hit young graduates first.
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Character.AI files for bankruptcy
Character.AI, one of the first breakout startups of the generative AI boom, has filed for bankruptcy and is selling some of its assets to Disney. The chatbot company had faced mounting scrutiny and lawsuits over the safety of its bots.
Anthropic thinks it has found how to protect Claude from copycats, but there is a price
Anthropic says it has greatly strengthened Claude's protections against companies trying to copy its models. Early results look strong, but the new restrictions could make life harder for developers.
Amazon in talks to buy Decart for about $7bn, WSJ reports
Amazon is in talks to acquire AI startup Decart in a deal that could value it at about $7 billion, The Wall Street Journal reported. A deal could come soon if the talks hold.
Aramco Digital teams up with OrbitronAI to build AI for heavy industry
Aramco Digital, the tech arm of Saudi oil giant Aramco, is partnering with startup OrbitronAI to build and sell AI tools for oil and gas, power, mining, transport and manufacturing. The tools aim to recover money lost to slow decisions and scattered data.
Chip stocks slide after Broadcom boss likens AI investing to 'casino'
Semiconductor shares fell on Tuesday after Broadcom's CEO compared many AI investors to casino gamblers. Samsung shares also dropped after Chinese memory maker CXMT reported good progress on a new chip architecture.