Keywords: Artificial Intelligence


This company automatically increases its employees’ salaries by 10% every year

A Swedish technology startup operating in the artificial intelligence sector has introduced an unusual salary policy: an automatic 10% pay increase for all employees every year on their work anniversary. The company, Lovable, founded in 2023, is part of a fast-growing wave of European AI firms competing......

South Korea: Samsung strike could disrupt economy and global tech supply chains

A major strike is expected to begin on Thursday at Samsung Electronics in South Korea after negotiations between management and labor unions failed over salary increases and profit-sharing linked to the artificial intelligence boom. Union organizations announced that the strike could last from 21 May......

Local resistance disrupts billion dollar AI data center expansion

A growing wave of community opposition is disrupting major data center projects around the world as technology companies accelerate investment in artificial intelligence infrastructure. In Western Australia, a Sydney based data center provider withdrew plans for a 1.1 billion dollar facility near Perth......

Workday plans to expand workforce in India and strengthen AI investments, executive says

The enterprise software company Workday has announced plans to continue expanding its workforce in India while increasing investments in artificial intelligence (AI), according to a senior company executive. India has become a key hub for global capability centres due to its large pool of skilled professionals,......

Emmanuel Macron welcomes Quebec’s new premier to strengthen strategic cooperation

Emmanuel Macron welcomed the new premier of Quebec, Christine Fréchette, to the Élysée Palace on Monday during her first official visit to France since taking office. The meeting focused on strengthening economic and technological cooperation between France and Quebec, particularly......

Meta details AI restructuring as 8,000 layoffs begin

Meta will begin a new round of global layoffs on Wednesday as the company accelerates a broad restructuring focused on artificial intelligence and leaner management structures. Internal documents shared with employees show that dismissal notices will be delivered in three waves at 4 a.m. local time on......

Commonwealth Bank of Australia appoints Mary-Anne Williams as chief AI Scientist

The Commonwealth Bank of Australia (Commonwealth Bank of Australia) has appointed Mary-Anne Williams as its chief artificial intelligence scientist, marking what the bank describes as the first role of its kind in the Australian banking sector. Williams will join the bank from the University of New......

Bond yield spike is a risk to unprepared equities market, investors warn

Rising government bond yields are emerging as a key risk for global equity markets, with investors warning that stock valuations may not fully reflect potential economic pressures. Concerns have grown after a recent surge in U.S. Treasury yields, with the 30-year bond climbing above 5% and the 10-year......

Sony mocked over AI photo editing that makes images look worse

The Japanese technology company Sony is facing widespread online criticism after unveiling its new smartphone, which features artificial intelligence designed to enhance photography but has instead sparked mockery for reportedly degrading image quality. The issue emerged after promotional examples of......