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Not Even Ice Cream Is Safe from AI: Magnum to Use AI Technology to Create New Products
Artificial intelligence (AI) is now moving into the world of ice cream. The technology, which has already transformed multiple industries and workplaces, will soon be used to design new frozen dessert formulations and optimise products. On Monday, The Magnum Ice Cream Company (TMICC) announced a collaboration with an AI startup to explore these pos...
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Apple Reportedly Pushes Supply Chain Partners to Ramp Up Automation Upgrades
Apple is reportedly pushing suppliers to switch to automation. The company now requires suppliers to bear full automation costs, with order volume incentives as the primary financial encouragement. The latest shift is part of a broader strategy to reduce reliance on manual labour and increase production efficiency. The move also supports Apple's ef...
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Trump Eyes 100% Chips Tariff, Exempting Firms That Invest in US
Trump declared plans for 100% tariff on semiconductor imports while promising to exempt companies such as Apple that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat.
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Trump Warns Pharma Companies To Cut Prices Or Be Punished
US President Donald Trump told major pharmaceutical firms Thursday to lower prices or face punishment, as he moved to give Americans relief from medicine costs much higher than elsewhere in the world.
-
US FTC Moves Ahead With Broad Microsoft Antitrust Probe
The FTC sent Microsoft a so-called civil investigative demand, which is similar to a subpoena, late last year. The document compels the company to turn over reams of data about its AI operations, including the cost to train models and obtain data, going as far back as 2016.
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Apple Starts Developing MacBook Air With MacBook Pro-Like Oxide TFT LCD: Report
Apple has reportedly started working on the next generation of MacBook Air. Previously, it was reported that the company's plans for OLED screens for the MacBook Air had been postponed owing to cost and demand concerns. However, the Cupertino-based tech giant is still expected to incorporate a slight upgrade over the existing variants, which will b...
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Spotify Premium Prices Hiked in the US for the Second Time in 12 Months
Spotify price hike has been announced for all its Premium plans in the US. With this move, the company aims to “bring users the best experience”, it said. The Individual plan gets a $1 price hike and now costs $11.99 a month.
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Explained: How Big Tech Companies Are Now Expanding Into India's Smaller Cities
US-based Cognizant and India's Tata Consultancy Services, Infosys, HCLTech and Wipro, are moving into smaller cities due to cost efficiency, government incentives and availability of talent.
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GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
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Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
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iPhone 16 to Get 'Substantial' Microphone Upgrade for Improved Siri Experience With AI Features: Ming-Chi Kuo
iPhone 16 will be equipped with upgraded microphones ahead of the company's plans to offer a revamped, AI-powered Siri experience, according an analyst. The move could be connected to Apple's decision to rejig its Siri team to work on including large language models (LLMs) and artificial intelligence-generated content (AIGC) in Q3 2023.
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Uber CFO Nelson Chai Plans to Step Down in Most Senior Executive Exit Since IPO: Report
Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai reportedly informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on the timing of his departure hasn't been made.
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Ola Electric Says It Will Reimburse Charger Cost to EV Scooter Buyers; No Details on Refund Amount
"As a leader of the industry we remain committed to putting our customers first. Therefore, setting aside the technicalities and as an example for others to follow, we have decided to reimburse the charger monies to all eligible customers," Ola stated.
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
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Digital Markets Act, Digital Services Act Passed as EU Moves to Rein in Big Tech; Enforcement Concerns Remain
EU lawmakers have approved landmark rules on Tuesday, the Digital Markets Act (DMA) and Digital Services Act (DSA), both aimed at reining in Big Tech firms like Google, Amazon, Apple, Facebook and Microsoft. However, concerns remain over the ability of the EU to enforce these rules, due to limited resources available to regulators. The DMA will for...
-
Not Even Ice Cream Is Safe from AI: Magnum to Use AI Technology to Create New Products
Artificial intelligence (AI) is now moving into the world of ice cream. The technology, which has already transformed multiple industries and workplaces, will soon be used to design new frozen dessert formulations and optimise products. On Monday, The Magnum Ice Cream Company (TMICC) announced a collaboration with an AI startup to explore these pos...
-
Apple Reportedly Pushes Supply Chain Partners to Ramp Up Automation Upgrades
Apple is reportedly pushing suppliers to switch to automation. The company now requires suppliers to bear full automation costs, with order volume incentives as the primary financial encouragement. The latest shift is part of a broader strategy to reduce reliance on manual labour and increase production efficiency. The move also supports Apple's ef...
-
Trump Eyes 100% Chips Tariff, Exempting Firms That Invest in US
Trump declared plans for 100% tariff on semiconductor imports while promising to exempt companies such as Apple that move production back to the US, triggering a scramble among trading partners and companies worldwide to make sense of the threat.
-
Trump Warns Pharma Companies To Cut Prices Or Be Punished
US President Donald Trump told major pharmaceutical firms Thursday to lower prices or face punishment, as he moved to give Americans relief from medicine costs much higher than elsewhere in the world.
-
US FTC Moves Ahead With Broad Microsoft Antitrust Probe
The FTC sent Microsoft a so-called civil investigative demand, which is similar to a subpoena, late last year. The document compels the company to turn over reams of data about its AI operations, including the cost to train models and obtain data, going as far back as 2016.
-
Apple Starts Developing MacBook Air With MacBook Pro-Like Oxide TFT LCD: Report
Apple has reportedly started working on the next generation of MacBook Air. Previously, it was reported that the company's plans for OLED screens for the MacBook Air had been postponed owing to cost and demand concerns. However, the Cupertino-based tech giant is still expected to incorporate a slight upgrade over the existing variants, which will b...
-
Spotify Premium Prices Hiked in the US for the Second Time in 12 Months
Spotify price hike has been announced for all its Premium plans in the US. With this move, the company aims to “bring users the best experience”, it said. The Individual plan gets a $1 price hike and now costs $11.99 a month.
-
Explained: How Big Tech Companies Are Now Expanding Into India's Smaller Cities
US-based Cognizant and India's Tata Consultancy Services, Infosys, HCLTech and Wipro, are moving into smaller cities due to cost efficiency, government incentives and availability of talent.
-
GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
-
Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
-
iPhone 16 to Get 'Substantial' Microphone Upgrade for Improved Siri Experience With AI Features: Ming-Chi Kuo
iPhone 16 will be equipped with upgraded microphones ahead of the company's plans to offer a revamped, AI-powered Siri experience, according an analyst. The move could be connected to Apple's decision to rejig its Siri team to work on including large language models (LLMs) and artificial intelligence-generated content (AIGC) in Q3 2023.
-
Uber CFO Nelson Chai Plans to Step Down in Most Senior Executive Exit Since IPO: Report
Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai reportedly informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on the timing of his departure hasn't been made.
-
Ola Electric Says It Will Reimburse Charger Cost to EV Scooter Buyers; No Details on Refund Amount
"As a leader of the industry we remain committed to putting our customers first. Therefore, setting aside the technicalities and as an example for others to follow, we have decided to reimburse the charger monies to all eligible customers," Ola stated.
-
Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
-
Digital Markets Act, Digital Services Act Passed as EU Moves to Rein in Big Tech; Enforcement Concerns Remain
EU lawmakers have approved landmark rules on Tuesday, the Digital Markets Act (DMA) and Digital Services Act (DSA), both aimed at reining in Big Tech firms like Google, Amazon, Apple, Facebook and Microsoft. However, concerns remain over the ability of the EU to enforce these rules, due to limited resources available to regulators. The DMA will for...
