10th Indian Delegation to Dubai, Gitex & Expand North Star – World’s Largest Startup Investor Connect
AI

Microsoft to Cut About 4 Percent of Jobs Amid Hefty AI Bets



Microsoft is cutting nearly 4% of its global workforce in a new round of layoffs, impacting thousands of employees. This decision comes as the tech giant aims to control costs while simultaneously investing heavily in artificial intelligence infrastructure.

This move follows previous job cuts in May, which affected approximately 6,000 workers. Reports surfaced last month indicating further reductions, particularly within the sales department.

The company, which had around 228,000 employees as of June 2024, has committed $80 billion in capital spending for fiscal year 2025. These layoffs likely reflect a strategic realignment, prioritizing AI development while seeking greater financial efficiency. The full scope and specific areas affected by the latest cuts are still unfolding.



Source link

AI
by The Economic Times

IBM said Tuesday that it planned to cut thousands of workers as it shifts its focus to higher-growth businesses in artificial intelligence consulting and software. The company did not specify how many workers would be affected, but said in a statement the layoffs would “impact a low single-digit percentage of our global workforce.” The company had 270,000 employees at the end of last year. The number of workers in the United States is expected to remain flat despite some cuts, a spokesperson added in the statement. A massive supplier of technology to… Source link

AI
by The Economic Times

The number of Indian startups entering famed US accelerator and investor Y Combinator’s startup programme might have dwindled to just one in 2025, down from the high of 2021, when 64 were selected. But not so for Indian investors, who are queuing up to find the next big thing in AI by relying on shortlists made by YC to help them filter their investments. In 2025, Indian investors have invested in close to 10 Y Combinator (YC) AI startups in the US. These include Tesora AI, CodeAnt, Alter AI and Frizzle, all with Indian-origin founders but based in… Source link

by Techcrunch

Lovable, the Stockholm-based AI coding platform, is closing in on 8 million users, CEO Anton Osika told this editor during a sit-down on Monday, a major jump from the 2.3 million active users number the company shared in July. Osika said the company — which was founded almost exactly one year ago — is also seeing “100,000 new products built on Lovable every single day.” Source link