Plus: Companies warned to prepare for Mythos Image: AI needs to augment, not replace Welcome to Computing’s weekly roundup of tech news in Asia. This week we look at China’s new ruling on AI, how countries are preparing for Anthropic’s Mythos, and the ongoing dispute between Samsung workers and management in South Korea. At a…
Computer scientist and Nobel laureate Geoffrey Hinton doubled down on his warnings about how artificial intelligence will affect the labor market and the role of companies leading the charge. In an interview with Bloomberg TV’s Wall Street Week on Friday, he said the obvious way to make money off AI investments, aside from charging fees to…
A chart making the rounds on social media has sparked intense debate about the state of the American economy. Since November 2022, when ChatGPT launched, the S&P 500 has surged more than 70% while job openings have plummeted roughly 30%. The juxtaposition has earned the graphic a foreboding nickname: the “scariest chart in the world.”…
While Microsoft didn’t offer a specific forecast for its AI capital expenditures for the next quarter or coming year, the company’s chief financial officer, Amy Hood, said that the company’s total spend will “increase sequentially, and we now expect the fiscal year 2026 growth rate to be higher than fiscal year 2025.” Tech companies are…
And the layoffs keep coming. General Motors joins Amazon and Paramount this week, announcing on Wednesday it will be laying off 1,750 workers in Michigan and Ohio, in response to the downturn in U.S. electric vehicle (EV) market. The Detroit News first reported the news. Shares in the automotive maker (NYSE: GM) were down less than 1%…
Rivian is reportedly laying off around 4% of its workforce as the electric-vehicle startup looks to rein in costs amid a slowdown in the EV market. Sources tell the Wall Street Journal and Bloomberg that the company is cutting at least 600 jobs, mostly in the servicing and sales departments. The move comes just…
A new round of layoffs at the Education Department is depleting an agency that was hit hard in the Trump administration’s previous mass firings, threatening new disruption to the nation’s students and schools in areas from special education to civil rights enforcement to after-school programs. The Education Department had about 4,100 employees when Trump took…