The company has emerged as a key player, alongside domestic rival SK hynix, in the supply of high-performing chips The market value of South Korea’s Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul’s Kospi stock index to record highs. The … Read more
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more
A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused … Read more
The ‌city-state, a longtime darling for its business-friendly stance and bilingual population, is increasingly being seen as a place to keep both ​China and the U.S. at bay Singapore is transforming from East-West gateway ​to neutral ground for the AI sector, with Chinese startups hoping to operate beyond government reach while U.S. firms seek foreign … Read more
Amazon announced on Monday that it will invest up to $25 billion in Anthropic. As part of the deal, the AI firm has also committed to spending more than $100 billion over the next decade on Amazon’s cloud technologies. The deal signals one of the largest long-term collaborations in the rapidly intensifying AI race and … Read more
Meta has acquired Moltbook, the viral, Reddit-style forum for AI agents. Moltbook’s creators, Matt Schlicht and Ben Parr, will join Meta’s Superintelligence Labs. It comes after Peter Steinberger, the creator of Openclaw, joined OpenAI after also being courted by Mark Zuckerberg. Mark Zuckerberg couldn’t score OpenClaw’s creator, but he has scooped up the guys behind … Read more
There has been a lot of concern around Indian IT majors in recent days that AI would significantly impact their business. Now Infosys has announced a strategic collaboration with Anthropic, to develop and deliver advanced enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software development. Collaboration launches in telecommunications with dedicated Anthropic Center … Read more
Zoho co-founder Sridhar Vembu has pushed back against fears of mass job losses, saying white-collar roles will not vanish anytime soon because of artificial intelligence, in contrast to warnings made earlier by Microsoft AI’s chief executive officer, Mustafa Suleyman. Responding to another post on X (formerly Twitter), Vembu wrote, “The quoted post makes a strong … Read more
An Indian-born executive is now at the centre of a market shock that wiped out billions of dollars from global software and IT services firms. Rahul Patil, the chief technology officer of AI startup Anthropic since October 2025, is being credited with driving the shift behind the company’s latest Claude release, which jolted investors and … Read more