Economy
World / Countries / MNCs
Elon Musk-owned Tesla has launched an artificial intelligence (AI) training centre in China, in a move aimed at strengthening the company’s self-driving capabilities in the world’s largest electric vehicle (EV) market, media reports said. more
AI blamed for thousands of job cuts as U.S. employers slash 108,000 positions in January

U.S.-based employers announced 108,435 job cuts in January, marking a 118% increase from the 49,795 cuts reported in the same month last year, according to a report by outplacement firm C ...

The end of coding as you know it? AI may replace software engineers within a year, warns top tech leader

Artificial Intelligence (AI) has emerged as one of the most transformative technologies in recent years, and a leading tech expert has warned that highly technical jobs, such as software ...

Record-breaking Apple: $143.8B revenue and 2.5 billion active devices

Apple has announced that its installed base has surpassed 2.5 billion active devices worldwide, underscoring the scale of its global ecosystem.

Layoff storm at Amazon: 16,000 employees impacted worldwide

Online marketplace Amazon on Wednesday announced it will cut about 16,000 jobs, marking another major round of layoffs as the company continues a broad restructuring effort.

Why gold just exploded past $5,000 — And what’s driving the rally

Gold prices surged to a historic high on Sunday, touching the $5,000-per-ounce mark for the first time and marking one of the strongest rallies in the precious metal’s history.

AI shockwave ahead: IMF chief warns millions of jobs could vanish

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned that artificial intelligence will act as a “tsunami” hitting global labour markets, with yo ...

UN report shows global economy shows signs of growth, but experts believe recovery remains fragile

The global economy has shown resilience amid turbulence during the past year, including shifting trade policies – yet growth remains subdued and far below pre-pandemic levels, the U ...

Shocking! Pakistanis spend two-thirds of their income on food and power—Remittances are now lifeline

A Pakistani government survey has revealed that countrymen are spending two out of every three rupees on just two basic needs — food and electricity.

SoftBank goes all in on OpenAI, takes 11% stake after $22.5 billion infusion

SoftBank Group Corp. on Wednesday said it has completed an additional investment of $22.5 billion in OpenAI on December 26, marking the second closing of its commitment announced earlier ...