United States Market Insight
11-Jul-2023
Microsoft is laying off additional employees after laying off 10,000 earlier this year
- Microsoft is planning to cut additional jobs on top of the previously announced 10,000 layoffs. The latest round of cuts, targeting customer service, support, and sales roles, was reported by GeekWire.
- The exact number of job cuts was not disclosed, but according to a filing with Washington state's Employment Security Department, 276 workers in the Seattle area will lose their jobs.
- Microsoft's CEO, Satya Nadella, had previously stated that the company would eliminate around 10,000 jobs, which accounts for less than 5% of its global workforce, as part of cost-cutting measures.
13-Jul-2023
Elon Musk Launches XAI, A New AI Company!
- Elon Musk forms xAI, an AI company to understand the universe's true nature.
- xAI team includes executives from Google's DeepMind, Microsoft, and Tesla, as well as academic institutions.
- xAI operates independently but maintains a close collaborative relationship with X Corp and Tesla.
- Musk criticizes OpenAI's ChatGPT for producing inaccurate and biased results.
- xAI is launched to compete with OpenAI's ChatGPT and drive advancements in AI technology.