In its ongoing multi-year campaign to reduce its employment, Wells Fargo has announced yet another wave of layoffs. Hence, bringing the total number of employees expected to lose their jobs in 2026 to over 100. According to the Des Moines Register, the lender has informed 49 employees of their impending
In the wake of discovering who else had lost their jobs in the most recent round of layoffs, Pinterest fired two engineers. Consequently, they went against the company's stated privacy and policy guidelines. As part of a larger reorganisation associated with an increased emphasis on artificial intelligence, Pinterest
Dylan Scandinaro, a member of the Anthropic technical team, has been named Head of Preparedness at ChatGPT developer OpenAI. This recent development was announced by CEO Sam Altman on 4 February. The firm will soon be dealing with very strong models, according to Altman, and they will need corresponding protections.
Elon Musk is signalling a change of guard within his corporate empire with his intention to merge SpaceX with his money-burning artificial intelligence startup xAI. Musk owes a great deal of his fame and fortune to Tesla. However, after the merger on 2 February, SpaceX's reported private market
As part of its massive reorganisation, the Chan Zuckerberg Initiative laid off several employees at the beginning of 2026. Layoffs were made in order to redirect resources to biomedical research that makes use of artificial intelligence. Mark Zuckerberg and his wife Dr Priscilla Chan established the charitable foundation CZI. A
United States banks are pulling back from funding Oracle's expansion of its artificial intelligence data centres, so the business is contemplating laying off 20,000 to 30,000 workers and selling off some of its operations. According to TD Cowen's research, the elimination of jobs would
Along with a senior Siri executive, Apple Inc. has lost at least four additional AI researchers in recent weeks. The employees have left for companies like Google DeepMind and Meta Platforms Inc. Yinfei Yang, Haoxuan You, Bailin Wang, and Zirui Wang are among the most recent departures. According to various
As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the majority of the layoffs. On January 30, Peter Stern, Peloton's CEO since 2025, informed staff members of the layoffs. The impacted engineers worked on
Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and
On January 29, Apple announced that it has purchased Q.ai, an Israeli startup developing artificial intelligence technologies for audio. The terms of the Q.ai transaction, which was supported by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor, and GV, formerly known as Google Ventures, were
In 2026, Mark Zuckerberg, the CEO of Meta, intends to almost treble the company's investment in artificial intelligence (AI). According to Meta's Q4 earnings report, which was made public on January 28, the business would spend between $115 and $135 billion on AI in 2026. This
Google is expanding its AI subscription service worldwide. According to the firm, Google AI Plus will be available in 35 countries, including the US, and would automatically upgrade current Google One customers. As competition in consumer AI services heats up, the expansion seeks to provide customers with more access to
On January 27, US-based Dell Technologies stated that it will give India's NxtGen AI Pvt Ltd essential infrastructure support in order to construct the nation's first and biggest dedicated AI factory. India's national AI capabilities will be greatly increased as a result of the
Amazon plans to carry out another round of layoffs next week, with the goal of eliminating some 30,000 jobs from its corporate workforce. The layoffs are expected to be comparable in scope to the employment reductions from the previous year and could begin as early as 27 January. About
In addition to its previous investment promise of INR 30,000 crore, Mumbai-based Lodha Developers has inked a memorandum of understanding (MoU) with the Maharashtra government. As per the MoU, the group will invest INR 1 trillion in the construction of a 2.5 gigawatt (GW) data centre park in
Google has petitioned a magistrate to delay the requirement for the company to disclose data to competitors, including OpenAI, the developer of ChatGPT. According to court documents, Google is contesting a decision that it has an unlawful monopoly in online search. District Judge Amit Mehta of Washington declared in 2024
Anthropic, a prominent artificial intelligence company, has appointed Irina Ghose, former managing director of Microsoft India, as managing director to spearhead its Indian operations, reflecting its strategic expansion initiatives. According to a release, the hiring coincides with Claude's parent company preparing to launch its first office in India
In an attempt to increase innovation as it integrates AI into its operations, consulting behemoth McKinsey plans to hire liberal arts candidates that it had previously deprioritised. According to Bob Sternfels, global managing partner at McKinsey & Company, the firm is beginning to identify which backgrounds tend to generate the
In honour of its 25th anniversary, the Wikimedia Foundation announced on January 15 that it has reached agreements with many AI firms. Wikipedia, a free online knowledge base and online crowdsourced encyclopaedia, is owned by the Wikimedia Foundation. Leading AI companies like Amazon, France's Mistral AI, Meta Platforms,
Moglix has introduced Cognilix, an AI-powered B2B procurement operating system designed to simplify how businesses buy products, handle inventory, collaborate with suppliers, and sell. The business said that it will spend $5 million to advance AI research and create corporate products tailored to particular industries using the Cognilix platform. AI
The massive IT company Infosys revealed on 7 December that it is collaborating with Amazon Web Services (AWS) to hasten the adoption of generative artificial intelligence (GenAI) in businesses. The collaboration focuses on merging Amazon Q Developer, AWS's generative AI-powered assistant, and Infosys Topaz, an AI-first suite of
According to a senior company official, global technology giant Lenovo hopes to treble its business in India over the next three years, relying on a booming Motorola smartphone market and "high double-digit" growth in its infrastructure and services verticals. Amar Babu, president of Lenovo Asia Pacific, thinks that
In an effort to maintain its position as the industry leader in infrastructure for massive AI systems, Nvidia has introduced its Rubin platform, a new generation of AI computing architecture based on six specially created chips. Rubin is intended to operate as a single, tightly integrated AI supercomputer, combining processing,
As the IT services industry undergoes its largest technological revolution to date, Tata Consultancy Services (TCS) has started a comprehensive internal and market-facing reset to get ready for a future driven by artificial intelligence. The increased effort is indicative of a fundamental change in the adoption of AI, which has