HSBC has appointed its first head of AI to drive the adoption of the technology across the bank, as chief executive Georges Elhedery continues its sweeping restructuring. David Rice, currently chief operating officer for the bank’s corporate and institutional banking business, will become HSBC’s first chief AI officer in April. “Our customers increasingly expect their…
Meta is planning sweeping lay-offs that could affect 20 per cent or more of the company, three sources told Reuters. The reported move comes as the Facebook and Instagram parent seeks to offset costly artificial intelligence (AI) infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for…
Zuckerberg ‘s Focus On Generative AI, Meta Planning Sweeping Layoffs As Artificial Intelligence Costs Mount | Image: Freepik/Representative Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency…
The European Union (EU) is set to examine the open source space in its latest bid to take on U.S. tech dominance. A call for evidence looks to obtain insights into open-source software and how nurturing European open source developers could help reduce the EU’s dependencies on American technology firms. “The EU faces a significant…
