Meta Platforms is reassigning around 7,000 employees into new artificial intelligence-focused roles as part of a broader restructuring effort tied to the company’s growing AI ambitions, according to an internal memo reviewed by Bloomberg. The restructuring comes ahead of planned layoffs later this week, with the company previously informing employees that it would cut about…
As AI increasingly takes over the work of modern programmers, the cybersecurity world has warned that automated coding tools are sure to introduce a new bounty of hackable bugs into software. When those same vibe-coding tools invite anyone to create applications hosted on the web with a click, however, it turns out the security implications…
A landmark Federal Reserve survey finds 68% of firms reporting negligible AI productivity gains, reigniting Robert Solow’s famous 1987 observation that transformative technology rarely shows up where you expect it to. Three years and hundreds of billions of dollars into the generative AI boom, corporate America is quietly admitting something the market did not want…
Oracle has started telling employees that it’s cutting thousands of jobs, CNBC has confirmed, as the software maker deals with a plummeting stock price tied to hefty capital commitments for building out AI infrastructure. While Oracle’s core business is on the receiving end of market panic about competitive risk from generative artificial intelligence models, the…
Image: BoliviaInteligente/Unsplash Oracle is reportedly preparing to cut thousands of jobs as the tech giant pours billions of dollars into building the infrastructure needed to support artificial intelligence. According to a Bloomberg report, the tech leader is considering layoffs across multiple divisions as it grapples with the financial strain caused by its large-scale AI expansion….
In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed,…
