Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
Cloudflare laid off 1,100 employees, attributing the job obsolescence to efficiency gains from AI, despite record revenue.
Read on TechCrunch →IBM and Yotta Data Services are partnering to launch an agentic AI platform on Yotta's Shakti Cloud, targeting Indian businesses and government for secure and compliant AI adoption.
Why it matters
This collaboration is significant because it provides a dedicated, secure, and compliant AI platform specifically tailored for the Indian market, addressing the growing demand for AI solutions among businesses and government bodies. By leveraging IBM's expertise and Yotta's local cloud infrastructure, it aims to accelerate AI adoption while ensuring data sovereignty and regulatory adherence, which are critical for sensitive applications and public sector use in India.
IBM and Yotta are teaming up to create a special AI platform for Indian companies and the government. This platform will help them use AI safely and follow rules, all hosted on Yotta's cloud in India. It's like building a secure, local highway for AI in India.
Cloudflare laid off 1,100 employees, attributing the job obsolescence to efficiency gains from AI, despite record revenue.
Read on TechCrunch →Sony and Nintendo are facing increased costs for memory chips due to the AI boom, leading to potential price hikes for their gaming consoles.
Read on Economic Times Tech →Airbnb is leveraging AI extensively, with AI now generating 60% of its new code and its customer support AI handling 40% of issues without human intervention.
Read on TechCrunch →