Former Microsoft AI Leaders Are Spending $1M To Replace CEOs With AI

Microsoft has announced it has cut 4,800 jobs – roughly 2.1% of its workforce – with Xbox to bear a large number of its latest layoffs. Amy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a “fast-changing…

The transaction values Boston Dynamics at about US$3.3 billion, in line with the baseline set when Hyundai first bought a controlling stake in 2021.

“Not using AI is like being left behind,” Apple CEO Tim Cook’s remark captures the urgency around artificial intelligence today — though the tinge of irony in these words coming from Apple is not lost on us. For a growing number of India’s startup founders, however, things are moving beyond this starting point. Using AI…

BP is shutting down BP Ventures after nearly two decades, marking a striking retreat from the corporate venture capital game just as energy transition investments hit record highs. The closure, confirmed by TechCrunch today, comes amid reports of disappointing returns and raises fresh questions about whether traditional oil majors can actually execute on their clean…

The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…