Dutch software firm shifts to four-day weeks for five days pay

1 day, 2 hours ago

AI startups drive VC funding resurgence, capturing record U.S. investment in 2024

Artificial intelligence startups have contributed significantly to the recovery of U.S. venture capital funding from market lows, with the total capital raised in 2024 nearly 30% higher year-on-year, according to PitchBook data released on Tuesday. AI startups also captured a record 46.4% of the total $209 billion raised last year, compared to less than 10% a decade earlier. The enthusiasm …

Capital Billion Ai

AI Startup Funding Hit a Record $97 Billion in 2024

Live Mint

-- Venture capitalists put $97 billion into artificial intelligence startups in the US last year — a new record in a year of multibillion-dollar megarounds for companies like Elon Musk’s xAI, OpenAI and Anthropic. Almost half of the total $209 billion raised by US startups last year went to AI companies, the research firm said, the highest portion on record. …

Startup Startups Billion Ai 2023 Pitchbook

1 week, 5 days ago

Will DA rise again in 2025? All you need to know

India Today

As the new year approaches, central government employees eagerly await updates on the next dearness allowance revision. Scheduled for January 2025, this potential hike could bring welcome relief amid rising living costs. On October 16, 2024, the Union Cabinet approved a 3% DA hike to 53%, aiding over one crore employees and pensioners. EXPECTED DA HIKE IN JANUARY 2025 Projections …

Da Hike Aicpi

2 weeks, 6 days ago

Accenture ushers in holiday season with $1.2 billion in Gen AI orders

Live Mint

Accenture Plc, the world’s largest software services company, secured $1.2 billion in generative AI bookings in the quarter-ended November 2024, bringing its total orders in the segment to $4.2 billion since September 2023. Accenture, which follows a September-August financial year, was the first software services company to state Gen AI deal value in June last year when it won $100 …

India Services Revenue Spending Billion Quarter Ai

3 weeks, 1 day ago

Capita eyes £250m savings from AI and staff leavers

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Outsourcing firm Capita has hiked …

Ai Capita

3 weeks, 2 days ago

Dutch CEOs increasingly expect AI to replace jobs

NL Times

Nearly one in five top executives at large Dutch companies believes artificial intelligence will almost certainly replace jobs in the future, according to ING’s annual CEO survey. Of the respondents, 54 percent said AI “maybe” would replace jobs, up from 39 percent last year. “However, their biggest concern is that Trump’s policies may trigger trade wars, rising inflation, higher interest …

Trump Executives Survey Ai Ceos Dutch Companies Milders

1 month ago

Salesforce Posts Strong Revenue With Promise of AI Boost

Live Mint

-- Salesforce Inc. reported quarterly revenue that topped analysts’ estimates, boosting investor hopes that the company’s much-hyped strategy for artificial intelligence products will lift financial results. Adjusted operating margin, a measure of profitability, was 33.1%, compared with an average estimate of 32.2% Salesforce, the top seller of customer relations management software, pivoted its AI strategy this year to focus on …

Company Quarter Ai Bloomberg Salesforce Benioff

1 month, 1 week ago

Top AI, trading firms woo IIT grads with record salaries

India Today

The Indian Institutes of Technology kicked off their highly anticipated placement season on December 1, with leading AI and algorithmic trading firms competing to recruit the brightest minds. According to placement cell officials, this year’s offers have already reached impressive figures, with some nearing Rs 2.5 crore, showcasing the demand for top talent in AI during the recruitment drive. A …

India Placement Iit Ai Lakh Last Year Roles

1 month, 2 weeks ago

Layoffs: German Auto Tech Supplier Bosch To Cut Down About 5,500 Jobs In Coming Years

ABP News

German firm Bosch on Friday announced that it aimed to cut down nearly 5,500 jobs in the next few years as the auto industry continues to suffer headwinds. The firm attributed the latest layoffs to global auto sales which have become stagnant and factory capacity which has exceeded sales prospects in the auto industry, reported Euronews. About 3,500 of the …

Job Auto Firm German Bosch Layoffs

1 month, 2 weeks ago

Ola Electric may lay off 500 workers as company faces financial challenges: Report

Hindustan Times

Ola Electric Mobility Limited is now planning to lay off more than 500 employees across various roles as part of a new restructuring exercise to try to become profitable, Moneycontrol reported citing unnamed sources. Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering, in Mumbai HT couldn't independently verify the information. …

Ola Ola Electric

1 month, 2 weeks ago

Employment firm Randstad warns of inequality regarding knowledge and use of AI

NL Times

Employment group Randstad is warning of an increasing knowledge inequality in dealing with artificial intelligence. Although three-quarters of the companies now use AI in their work, according to research conducted by Randstad, only 35 percent of staff members received AI training in the last year. Only one in five from the baby boomer generation have been offered training in AI, …

Ai Randstad Employment Firm Inequality Gap

1 month, 3 weeks ago

Europe's top tech firm expecting AI bonanza

China Daily

Massive interest in artificial intelligence, or AI, has led Europe's largest technology company to predict annual sales growth of between 8 percent and 14 percent during the coming five years, despite strict curbs on its exports to China. Netherlands-based computer chip equipment maker ASML Holding NV, which specializes in advanced chip-making machines, said on Thursday AI's expansion has triggered a …

China Netherlands Trump Sales Company Ai

1 month, 3 weeks ago

Europe's top tech firm expecting AI bonanza

China Daily

Massive interest in artificial intelligence, or AI, has led Europe's largest technology company to predict annual sales growth of between 8 percent and 14 percent during the coming five years, despite strict curbs on its exports to China. Netherlands-based computer chip equipment maker ASML Holding NV, which specializes in advanced chip-making machines, said on Thursday AI's expansion has triggered a …

China Netherlands Trump Sales Company Ai

1 month, 3 weeks ago

AMD Layoffs: To cut 4% of global workforce as it focuses on AI chip development

The Hindu

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex data centers that can process the large …

Ai Chip Amd

1 month, 3 weeks ago

Zoho CEO Sirdhar Vembu calls for balance in AI growth: ‘… jobs could see a revival’

Live Mint

Zoho CEO Sridhar Vembu has shared a bold outlook on the future of AI and its potential to transform the job market. “Think of AI para-legals, AI call center agents, AI accountants, AI video production specialists, AI software engineers,” Vembu wrote. However, Vembu noted that as AI takes over these modern roles, traditional jobs could see a revival. “Oddly enough, …

Ai Vembu

1 month, 3 weeks ago

AI-enabled solutions help Siemens improve margins, says Global CTO

Live Mint

Industrial technology major Siemens will be focusing on delivering artificial intelligence-based solutions to its customers over selling simple components to differentiate itself and enrich its margins, a top global executive at the firm said. The German company, with a revenue of €77.8 billion in fiscal ended September 2023, is also exploring the development of large language model-based interface for its …

India Industrial Automation Solutions Siemens Koerte Siemens Ltd

2 months ago

Freshworks to cut 13% of global workforce amid strong Q3 earnings and AI demand

Live Mint

Freshworks, the California-based software company, announced plans to lay off 13% of its workforce, equating to 660 employees globally. Freshworks now anticipates annual revenue between $713.6 million and $716.6 million, an increase from its previous forecast of $707 million to $713 million. Freshworks Q3 revenue, profit surpass expectations For the third quarter, Freshworks posted a 22% increase in revenue, reaching …

Revenue Million Ai Freshworks Profit Expectations

2 months ago

SAP confident of new job creation by AI

Live Mint

German software-maker SAP SE is confident that artificial intelligence will create new jobs even as the rise of the new technology casts a shadow on jobs done by humans. The SAP board’s buoyant remarks on AI contrast with those of Google-parent Alphabet Inc’s chief executive Sundar Pichai, whose comments in the company’s post-earnings conference call with analysts put alarm bells …

India Job Jobs Software Companies Ai Infosys

2 months, 2 weeks ago

Indian IT Services Companies See Growth in Revenue, But Hiring Slows Down

Live Mint

Indian IT companies are seeing a rebound in revenue growth, with four of the five largest companies hiring more people in the first six months of the fiscal year compared to the year-ago period. This positive guidance comes at a time when the companies' order books have shrunk in H1FY25 compared to H1FY24, but the current quarter (Q3) is not …

Business Government Science Law Technology

5 months ago

Google hires top talent from startup Character.AI,...

Daily Mail

By Kenrick Cai Aug 2 - Startup Character.AI said on Friday it has signed an agreement with Alphabet's Google that grants the search engine giant a non-exclusive license to the chatbot maker's large language model technology. The deal, echoing ones struck by Microsoft and Amazon in the past few months, will see Character.AI co-founders Noam Shazeer and Daniel De Freitas …

Startup Google Character Ai

5 months, 2 weeks ago

Economic Survey | AI casts “huge pall of uncertainty” over jobs

The Hindu

The Economic Survey published on Monday warned against the potential challenge that artificial intelligence could present to the Indian economy saying the “advent of the tech casts a huge pall of uncertainty as to its impact on workers across all skill levels – low, semi and high.” The massive changes owing to widespread adoption of AI “will create barriers and …

India Indian Survey Ai Economic Survey

5 months, 4 weeks ago

Get ready for more AI mania this earnings season

Live Mint

Artificial intelligence is about to be the undisputed star of yet another earnings season. This would make it the best quarter for earnings growth since the January-to-March period of 2022, confirming that companies have left behind the period when inflation eroded profit margins. In the second quarter, S&P 500 firms that should benefit directly from the technology are expected to …

Earnings Quarter Ai Expected

6 months ago

Training AI costs around $1 billion now, can go up to $100 billion in 3 years: Anthropic CEO

Hindustan Times

AI models which are in development today can cost up to $1 billion to train, Dario Amodei, the CEO of Anthropic, a US-based artificial intelligence startup, said in the In Good Company podcast. Current models like ChatGPT-4o cost about $100 million to train, but this cost for training is expected to reach $10-100 billion in as little as three years, …

Cost Train Ai

6 months, 1 week ago

AI innovations in business are crucial for building a competitive edge

The Independent

As artificial intelligence continues to evolve and more AI-led software is introduced into the professional landscape, businesses are presented with increased opportunities to gain a competitive edge. From boosting productivity to reducing business costs, the strategic use of AI can propel business growth and sustainability. “Every business should be investing in understanding how AI can help their business to grow …

Business Productivity Ai

7 months, 3 weeks ago

Vodafone reports 2% rise in annual profit after stronger final quarter

Hindustan Times

* Vodafone reports 2% rise in annual profit after stronger final quarter Core earnings rise 2.2%, meeting market forecasts * Free cash flow beats expectations at 2.6 billion euros * All markets return to growth after Spanish, Italian exits * Shares rise 3.5% * * By Paul Sandle LONDON, - Vodafone reported on Tuesday a 2.2% rise in organic earnings …

Market Germany Billion Euros Vodafone Free Cash Flow Core Earnings

8 months, 1 week ago

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia

Associated Press

JAKARTA, Indonesia — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. A study held by Kearney, a global consulting firm, said that AI could contribute nearly $1 trillion to Southeast …

Indonesia Microsoft Ai Southeast Asia Widodo Nadella

8 months, 1 week ago

Microsoft to invest USD 1.7 bn in Indonesia for cloud, AI infrastructure

India TV News

Microsoft has announced that it will invest USD 1.7 billion in the next four years in new cloud and artificial intelligence infrastructure in Indonesia. Satya Nadella, Chairman and CEO, of Microsoft, said, "The investments we are announcing today -- spanning digital infrastructure, skilling, and support for developers – will help Indonesia thrive in this new era.” As per the company, …

Indonesia Microsoft Invest Ai Usd

8 months, 2 weeks ago

Microsoft profits surge on AI as Snap up 27% and Meta stock takes hit

The Independent

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thursday’s quarterly financial announcements from big tech firms were a mixed bag, with …

Tech Microsoft Company Revenue Cent Quarter Ai

10 months, 1 week ago

The struggle gets real for IT workers as jobs dry up, AI to open new doors

New Indian Express

‘No one is safe’ Even as the freshers are most affected, the fall in demand for IT services and the technological disruption is also leaving an impact on mid-level and even senior-level employees. But now, even when I have more experience, I find it harder to get an interview call.” Asif, who is also part of the recruitment panel in …

Job Joshi Ai Struggle Gets

10 months, 2 weeks ago

SOEs' AI push may transform industries

China Daily

Robots seen on the assembly line of automaker FAW Group in Changchun, Jilin province. The meeting emphasized that central SOEs should integrate the development of AI into their overall planning, actively promote industrial renewal, and accelerate the layout and development of the AI industry, information released by SASAC showed. "At the same time, with the development of AI technology, central …

China Development State Beijing Central Ai Soes

10 months, 2 weeks ago

India’s AI market seen touching $17 billion by 2027: Report

The Hindu

February 21, 2024 10:16 am | Updated 12:24 pm IST - MUMBAI India’s artificial intelligence market is projected to touch $17 billion by 2027, growing at an annualised rate of 25-35% between 2024 and 2027, IT industry body Nasscom and consulting firm BCG said on Tuesday, citing a joint report studying AI-powered tech in the country. The growth is seen …

India Tech Report Ai

10 months, 3 weeks ago

Cisco Layoffs: Tech Firm To Sack Over 4,000 Employees, Says Report

ABP News

Cisco Systems announced that the firm will reduce its global workforce by 5 per cent, equivalent to over 4,000 employees, and revised its annual revenue target downwards. In extended trading on Wednesday, shares of the networking equipment maker declined by over 5 per cent, following Cisco's downward revision of its forecasted revenue range to $ 51.5 billion to $ 52.5 …

Report Billion Cent Reuters Cisco

11 months, 1 week ago

Wipro to fire hundreds of employees to improve profit margins

India Today

As we move forward in 2024, we are seeing a new wave of layoffs all over the world in the tech industry. Wipro is reportedly in the process of firing many employees in mid-level roles as the company wants to improve its profit margins. According to ET, Wipro is currently facing the challenge of having the lowest profit margins among …

Company Employee Level Profit Margins Wipro

11 months, 2 weeks ago

Investments in Dutch startups fell over economy concerns, military conflicts

NL Times

The amount invested in Dutch startups fell by a massive 27 percent to 1.9 billion euros last year, the Dutch Startup Association reported. Uncertain times, particularly the high interest rates and multiple wars, made investors hesitant, Lucien Burm of the dSa told NOS. Despite the drop in the investment amount, the number of investments increased last year, as it has …

Dutch Investments Burm

11 months, 3 weeks ago

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?

Hindustan Times

Hundreds of Indian workers are left in a lurch in an even worse job market after multiple big tech companies like Amazon, Microsoft, Google, and Flipkart together cut thousands of jobs across multiple departments in the first two weeks of 2024. The first two weeks of 2024 saw thousands of job cuts One of the most significant layoffs in the …

Job Indian Google Ai Cut Flipkart Layoffs

1 year ago

Paytm boss predicts AI-led ‘mass industrialisation’ of human jobs in next 5 years

Hindustan Times

Days after Paytm carried out artificial intelligence -driven layoffs, the company's founder and CEO, Vijay Shekhar Sharma, in a post on X, predicted that many jobs, currently done by humans, will have been ‘mass industrialised’ by artificial intelligence ‘in the next five years.’ Vijay Shekhar Sharma founded One97 Communications, the parent company of Paytm, in 2000. Mass industrilisation of so …

Ai Paytm Shekhar Sharma

1 year ago

Paytm shares in red amid AI-driven layoffs at fintech major

Hindustan Times

Shares of One97 Communications Limited, the Noida-based parent of fintech major Paytm, witnessed a dip of nearly 2% in early trade on Tuesday, with the decline coming on the back of job cuts undertaken by the company, which described the move as a ‘slight reduction' to its workforce. Representational Image Around 11 am, One97 shares fell by over 1.5% on …

Paytm

1 year ago

Paytm fires several employees, claims report: What is the number and why?

India TV News

Paytm, a leading fintech company has reportedly laid off hundreds of employees from its operations, engineering and sales team. AI-driven efficiency gains Paytm is purportedly aiming to leverage AI to streamline its operations, with a particular focus on eliminating repetitive roles and tasks. The spokesperson has further highlighted the intention to drive efficiency across both costs and growth, which is …

Business Ai Drive Paytm

1 year, 1 month ago

With ChatGPT turning 1, Americans wonder whether AI is coming for their jobs

NPR

With ChatGPT turning 1, Americans wonder whether AI is coming for their jobs Enlarge this image toggle caption Andrea Hsu/NPR Andrea Hsu/NPR Baltimore illustrator John de Campos was irate when he discovered that some of his original work had been used to train an artificial intelligence chatbot — without his permission. Enlarge this image toggle caption Andrea Hsu/NPR Andrea Hsu/NPR …

Image Ai Baltimore Garcia Chatgpt Sponsor Message Andrea

1 year, 1 month ago

AI-powered digital colleagues are here. Some 'safe' jobs could be vulnerable.

BBC

AI-powered digital colleagues are here. Alamy Office jobs, once considered largely shielded from AI, are threatened – and faster than many people imagined they might be Humans already work alongside robots in industries such as manufacturing. Yet the light-speed adoption and evolution of generative AI tools may now mean knowledge-work jobs that were long considered "safe" could be threatened even …

Technology Jobs Workers Threat Knowledge Ai Artisan

1 year, 4 months ago

Man earns Rs 1 crore in less than a month by teaching people how to use AI

India Today

Ole Lehmann, a 32-year-old entrepreneur based in Cyprus, experienced a life-altering moment during the crash of the crypto exchange FTX. In April, he launched "The AI Solopreneur," a dedicated Twitter account offering tips for solo entrepreneurs to maximize productivity using AI. This prompted him to develop the "AI Audience Accelerator" course, aiming to guide solo entrepreneurs in leveraging AI for …

Crypto Man Ai Lehmann Earns Rs Solo Entrepreneurs

1 year, 5 months ago

Meesho posts maiden profit in July, weighs IPO in 12-18 months

Live Mint

Meesho is looking at a public listing in the next 12-18 months after the e-commerce startup reported its maiden net profit in July, chief financial officer Dhiresh Bansal said. Meesho, which had earlier raised more than $1 billion from Prosus, SoftBank and Facebook, among investors, expects to close the current financial year with 40% growth in revenue run rate, Bansal …

Company 18 Months Bansal Meesho

1 year, 5 months ago

AI Stealing Jobs: Indian startup Dukaan fires over 90% of its support staff, replaces them with AI bots

Firstpost

Dukaan, a Bengaluru based startup has laid off over 90 per cent of its support staff and replaced them with AI bots. The founder has justified this move, saying that although tough, it was a necessary decision, and why should a tech or product expert work as a support agent Dukaan, a startup based in Bengaluru, has made significant changes …

Support Shah Ai Dukaan

1 year, 7 months ago

Microsoft will not give employees salary raise this year

The Hindu

Microsoft Corp. will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. "Last year, we made a significant investment in compensation driven by market conditions and company performance, nearly doubling our global merit budget.this year the economic conditions are very …

Tech Microsoft Ai Employees Salary

1 year, 8 months ago

E-commerce firm Meesho lays off 251 employees

The Hindu

E-commerce firm Meesho has laid off 251 employees constituting 15% of its workforce to cut costs and as part of its efforts to achieve profitability, a top company official said on Friday, May 5, 2023. Meesho Founder and CEO Vidit Aatrey in an email to employees informed about the decision and announced that all the affected employees will get one …

Company Meesho 251 Employees

1 year, 9 months ago

India currently has 45,000 high-paying open positions in AI: TeamLease Digital

The Hindu

As of February 2023, India has 45,000 open jobs in the Artificial Intelligence space that can fetch annual salaries for freshers in the range of ₹10 lakh to ₹14 lakh, TeamLease Digital said in a report. According to the research, fresh data engineers, data scientists and business intelligence analysts can earn up to ₹14 lakh per annum, devOps engineers, data …

India Data Ai Lakh Analyst Teamlease Digital

1 year, 10 months ago

Telecom maker Ericsson to cut 8% of its global workforce

Associated Press

STOCKHOLM — Swedish telecom equipment maker Ericsson said Friday that it’s cutting 8% of its global workforce as it looks to reduce costs, the latest in a wave of tech company layoffs. The Stockholm-based company, which provides equipment for high-speed 5G wireless networks, said it is expecting to lay off 8,500 employees this year and into 2024 as part of …

Ericsson Telecom Maker

1 year, 10 months ago

Swedish telecom equipment maker Ericsson to cut 8,500 jobs worldwide

Firstpost

The Swedish company said most of the layoffs would be implemented in the first half of 2023 and the rest in 2024, as it accelerated its $860 million cost saving plan announced at the end of 2022 Stockholm: Telecom equipment maker Ericsson said on Friday it would slash 8,500 jobs worldwide, part of a cost-cutting programme as financial headwinds push …

End Ericsson Swedish Telecom

1 year, 10 months ago

Telecom giant Ericsson to layoff 8,500 employees amid economic downturn

Live Mint

Ericsson, a manufacturer of telecommunications equipment, is set to lay off 8,500 workers worldwide as a cost-cutting measure, according to a memo sent to its employees. Tech companies have been laying off employees due to economic conditions, but now the telecom industry is facing its largest layoff yet with Ericsson terminating 8,500 employees globally. "The way headcount reductions will be …

Employees Amid Ericsson

Dutch software firm shifts to four-day weeks for five days pay

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Five Dutch companies club together to fund university AI researchers

Five Dutch companies club together to fund university AI researchers

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