Intel to cut 15 000 jobs in $10bn cost-cutting plan

Intel to cut 15 000 jobs in $10bn cost-cutting plan

Intel will cut about 15 000 jobs – 15% of the workforce – as part of its plan to reduce costs by about $10-billion. CEO Pat Gelsinger made the announcement after the company’s earnings call yesterday, adding that the extensive cost-cutting will take place in the...
July 2024 sets new heat records

July 2024 sets new heat records

Earth’s hottest day since records began in the 19th century was 22 July 2024, according to a NASA analysis of global daily temperature data. The previous two days, 21 July and 23 July of this year, also exceeded the previous daily record, set in July 2023. These...
Zuckerberg, Huang agree on the future of AI

Zuckerberg, Huang agree on the future of AI

Nvidia founder and CEO Jensen Huang discusses the transformative potential of open source AI and AI assistants with Meta founder and CEO Mark Zuckerberg at yesterday’s Siggraph 2024 event. Zuckerberg kicked off the discussion by announcing the launch of AI Studio, a...
Growth, technology trump workers as top business priorities

Growth, technology trump workers as top business priorities

CEOs ranked workforce as their third most important business priority for 2024 to 2025, behind growth and technology, according to Gartner. Gartner surveyed 416 CEOs and other senior business leaders in July 2023 and October through December 2023 and found that...
GenAI for procurement hits the Peak of Inflated Expectations

GenAI for procurement hits the Peak of Inflated Expectations

Generative AI (GenAI) for procurement is at the Peak of Inflated Expectations, according to Gartner’s 2024 Hype Cycle for Procurement and Sourcing Solutions. Rapid adoption and a multitude of credible use cases will quickly move GenAI to the Plateau of Productivity...
Webb images show a cold exoplanet 12 light-years away

Webb images show a cold exoplanet 12 light-years away

An international team of astronomers using the NASA/ESA/CSA James Webb Space Telescope have directly imaged an exoplanet roughly 12 light-years from Earth. While there were hints that the planet existed, it had not been confirmed until Webb imaged it. The planet is...