Best Buy has made significant cuts to its workforce, including the Geek Squad. On the heels of the cuts, the Minnesota-based company announced that artificial intelligence will help customers Addressing “lower business demand,” Best Buy has made a significant cut to its workforce and laid off a number of employees, including Geek Squad field agents, …
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end …
Image Credits: izusek / Getty Images People worry that advances in AI will lead to job losses, but rarely does a company’s CEO openly admit that AI will help to reduce their headcount. Turnitin, a plagiarism detection company whose CEO Chris Caren last year warned that, in 18 months, his company would be able to …
Meta CEO Mark Zuckerberg steered the company through a “year of efficiency” that saw massive layoffs and record profits. Alex Wong—Getty Images Lots of big tech companies are slimming down and cutting their workforces. This corporate trimming of the fat has become common in the tech sector over the past couple of years. Well-known marketing …
In an email addressed to employees, PlayStation President and CEO Jim Ryan described the decision as “extremely hard” but necessary for the company’s long-term sustainability. The layoffs, amounting to about 8% of the global PlayStation workforce, are part of a strategic effort to streamline resources and ensure the delivery of top-notch gaming experiences for players …
Image Credits: Artur Widak/NurPhoto / Getty Images Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter covering noteworthy happenings in the tech industry. This week, Google launched two new open large language models, Gemma 2B and Gemma 7B, in its continued bid for generative AI dominance. The company, which describes the LLMs as “inspired …
After installing a new interim CEO earlier this month, Mozilla, the organization behind the Firefox browser, is making some major changes to its product strategy, TechCrunch has learned. Specifically, Mozilla plans to scale back its investment in a number of products, including its VPN, Relay and, somewhat remarkably, its Online Footprint Scrubber, which launched only …
What a heinous month for the media. Almost every day, a publication announces layoffs or shuts down. Sports Illustrated just let go almost all of its staff after weathering an embarrassing scandal about AI-generated articles. It’s unclear what the desiccated magazine’s future holds, but the sad fate of another formerly great outlet offers a preview …
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on …
Westend61 | Westend61 | Getty Images The artificial intelligence boom has sparked concerns and controversy around employment, mounting fears that AI will replace jobs or affect pay, as it optimizes processes and requires a lower skill level from employees. But, if your job is affected by AI, your salary might actually increase, Sander van’t Noordende, …