Amazon to cut 14,000 corporate jobs
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy.
Mercor quintuples valuation to $10B with $350M Series C
Mercor, which connects AI labs with domain experts for training their foundational AI models, is close to raising $350 million at a $10 billion valuation.
EC finds Meta and TikTok breached transparency rules under DSA
The European Commission said on Friday that it has preliminarily found that both companies are not complying with rules of the Digital Services Act (DSA) that mandate them to give researchers adequate access to public data.
Palantir enters $200M partnership with telco Lumen for enterprise AI services
Palantir said on Thursday it had struck a partnership with Lumen Technologies that will see the telecommunications company using the data management company’s AI software to build capabilities to support enterprise AI services.
Several users reportedly complain to FTC that ChatGPT is causing psychological harm
At least seven people have complained to the U.S. Federal Trade Commission that ChatGPT caused them to experience severe delusions, paranoia and emotional crises, Wired reported.
Sumble emerges from stealth with $38.5M to bring AI-powered context to sales intelligence
The founders of machine learning community Kaggle are trying to upend the crowded sales prospecting market with AI. And they’re making headway.
Microsoft, AWS and Google are trying to drastically reduce China’s role in their supply chains
Microsoft, Amazon and Google are ramping up efforts move production of their products and data centers outside of China, Nikkei reported, citing supply chain sources.
UK is delaying Revolut’s banking license over risk management concerns
Revolut’s full banking license is on hold because U.K.’s central bank is concerned whether the startup can maintain its risk controls in the face of its rapid international expansion.
UK slaps Google Search with special market status, making way for stricter regulations
The CMA has designated Google as having “strategic market status” in the search and search advertising markets, which means the company has such “a substantial and entrenched” position that it requires special regulations to ensure fair competition.
China tightens export controls on rare earth minerals once again
As the race to make ever faster semiconductors intensifies, China has once again notched up export controls on rare earth minerals as well as related mining and refining technology.