Oracle stock rises in premarket on plans to cut thousands of jobs
[ad_1] Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI […]
AI robots may outnumber workers in a few decades as firms ramp up investment
[ad_1] Digital generated image of multiple robots working on laptops siting in a raw. Andriy Onufriyenko | Moment | Getty Images AI robots will exceed the working population within a few decades as more firms adopt AI agents and continue to squeeze costs, a former Citi executive warned on Monday. Rob Garlick, Citi Global Insights’ […]
AI chatbot firms face stricter regulation in online safety laws protecting children in the UK
[ad_1] Preteen girl at desk solving homework with AI chatbot. Phynart Studio | E+ | Getty Images The UK government is closing a “loophole” in new online safety legislation that will make AI chatbots subject to its requirement to combat illegal material or face fines or even being blocked. After the country’s government staunchly criticized […]
Heineken to slash up to 6,000 jobs in AI ‘productivity savings’ amid slump in beer sales
[ad_1] An employee checks a Heineken beer bottle on a packaging conveyor at the Heineken NV brewery in Zoeterwoude, Netherlands. Jasper Juinen | Bloomberg | Getty Images Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it looks to boost efficiency through productivity savings from AI, following […]
Alphabet shares close flat after earnings beat. Here’s what’s happening
[ad_1] Alphabet’s shares closed largely flat on Thursday after the company beat Wall Street’s expectations on earnings and revenue, with artificial intelligence spending projected to increase hugely this year. The Google parent closed nearly 2% lower on Wednesday. After the bell, Alphabet reported fourth-quarter revenue of $113.83 billion, above the $111.43 billion estimate from analysts […]