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Tech layoffs 2025 surge in US: Amazon, Microsoft, Meta slash thousands of jobs. Check full list of companies affected
In 2025, the US workforce faced significant disruptions due to federal layoffs, corporate restructuring, and economic pressures. Tech giants like Oracle, Salesforce, Intel, and Amazon announced substantial job cuts, often linked to AI adoption. Companies such as Block, Meta, Microsoft, and Google also implemented layoffs as part of restructuring and cost-cutting initiatives.
OpenAI expects business to burn $115 billion through 2029: Report
OpenAI, which has become one of the world's biggest renters of cloud servers, projects it will burn more than $8 billion this year, some $1.5 billion higher than its projection from earlier this year, the report said.
What happens to your uploaded photos on AI chatbots? Are they really private?
AI chatbot photo privacy risk: Uploading photos to AI chatbots poses privacy risks, as companies may review and store images for AI training. Metadata within photos reveals sensitive information like location and biometric data. While some platforms offer opt-out options, others have unclear policies, raising concerns about the long-term use and potential misuse of personal images.
Broadcom shares rally on new AI deal, CEO's assurance
The company on Thursday said it has secured over $10 billion in AI infrastructure orders from a new customer, with CEO Hock Tan forecasting "significantly improved" AI revenue growth in fiscal year 2026.
Broadcom Q3 earnings beat expectations driven by AI revenue - can its custom chips challenge Nvidia?
AVGO stock: Broadcom's fiscal third-quarter earnings exceeded expectations, fueled by robust AI demand. The company anticipates even higher revenue in the current quarter, driven by custom AI accelerators, networking components, and VMWare software. While shares remained mostly flat, investor optimism persists regarding Broadcom's potential to challenge Nvidia's market share in AI chips.
Salesforce shares drop as weak revenue view signals delayed AI returns
Rising investor bets on AI-driven cloud companies are pressuring them to deliver hefty returns on their billion-dollar investments into the breakthrough technology, even as economic uncertainty forces customers to pull back on spending.
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U.S. stock market: Today’s hot stocks Alphabet, American Eagle, Nvidia lead market movers — are investors chasing the right picks now?
U.S. stock market is going through a volatile September, a month that historically tests investor nerves. Today, the spotlight is on Alphabet, American Eagle, and Nvidia, which are leading market movers with sharp gains despite broader uncertainty.
Salesforce's weak quarterly revenue forecast signals lagging AI monetization
The cloud software provider also announced a $20 billion increase to its existing share buyback program, but that was unable to allay investors' concerns, sending Salesforce's shares down over 5% in extended trading.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
Israeli cyber security firm Cato Networks buys Aim Security, raises another $50 million
Cato in June raised $359 million in a funding round, valuing the cybersecurity firm at more than $4.8 billion, as investors bet on growing demand for artificial intelligence-driven security and networking solutions.
Europe must catch up with US: German software giant SAP
SAP announced a $23-billion cloud investment over 10 years to boost Europe’s digital capabilities and reduce reliance on US tech. Martin Merz, head of cloud computing at SAP, told reporters it was important that European firms should be able to rely on European IT.
GenAI meets capex: Telco data centers as the next earnings driver
India's smartphone market sees a surge in 5G adoption. Data traffic grows due to fixed wireless access and GenAI. Telcos are building data centers integrated with core networks. India's data center capacity is projected to reach 3 GW by 2028. Airtel focuses on domain-specific AI, while Reliance aims for gigawatt-scale AI-ready data centers.
Reliance Intelligence is the new Jio for Mukesh Ambani: Can AI leap help RIL become deep-tech giant?
Mukesh Ambani is making a bold AI push with the launch of Reliance Intelligence, promising "AI everywhere for every Indian." At RIL’s AGM, AI took center stage, signaling a shift from oil to deep tech. With $100 million in joint ventures, giga-scale data centers, and global partnerships, brokerages call it India’s most aggressive GenAI play yet.
D-St plans on Jio's mind, likely tariff hike may boost valuation: Analysts
Reliance Industries is planning to list Jio Platforms by 2026. This move may lead to a 15% tariff increase in the telecom sector. Analysts predict Jio's valuation could rise beyond $133 billion. The IPO will offer exits to early investors. Sebi's new rule benefits Jio's listing. Reliance aims to leverage GenAI, using new energy and Nvidia chips.
Third round of layoffs, more leadership exits hit Krutrim
Ola's AI venture, Krutrim, has conducted its third round of layoffs, impacting nearly 50 employees in the linguistics team amidst restructuring efforts to build a leaner, agile team. This follows previous layoffs and leadership exits, totaling over 200 departures, as the company develops its Krutrim 3 LLM.
Two mystery customers made up 40% of Nvidia’s revenue — who are they?
Nvidia’s latest earnings grabbed headlines with a jaw-dropping $46.7 billion in quarterly revenue, but buried inside the SEC filing was a detail that shocked Wall Street: just two customers accounted for nearly 40% of that total. Who are these customers, why are they so important, and what risks does this concentration pose for Nvidia’s growth story?
Abu Dhabi-backed G42 aims to diversify chip suppliers for AI campus: Report
The group is still negotiating with major American technology firms including Amazon's AWS cloud, Microsoft, Meta and Elon Musk's xAI to become tenants at the data center, with Google being the furthest along in negotiations, according to the report.
Increasing tariffs to help, but need more users: Airtel
Bharti Airtel plans to raise entry-level 5G tariffs. The company expects ARPU growth from smartphone upgrades and postpaid plan adoption. Tariff hikes and improved industry structure could further boost ARPU. Airtel prioritizes deleveraging, dividends, and investments in cloud and data centers. Indus Towers will likely explore share buybacks and dividends in the future. Any AGR payment extensions would provide relief.
ET Startup Awards 2025: Bootstrap Champ: Low burn and high agility take Minfy to cloud nine
Founded in 2010 by brothers Vijay and Vivek Jain, Minfy began with the insight that the cloud would become the foundation of enterprise technology.
Jio forays into smartglasses with JioFrames, brings in reels to Riya to step-up AI play
JioFrames is an AI-powered wearable platform and ecosystem, made for India. It is a hands-free, AI-powered companion designed for the way India lives, works, and plays.
Jio Platforms set for market debut in first half of next year, says RIL Chairman Mukesh Ambani
Mukesh Ambani announced Reliance Industries will list Jio Platforms by the first half of 2026. The IPO could be India's biggest. It will offer exits to early investors. RIL is partnering with Google and Meta on AI. A ₹40,000-crore investment is planned for the FMCG business. Jio has over 500 million subscribers. The company will expand operations globally.
How Ambani plans to milk the Kamdhenu cow
Reliance Industries is boosting its focus on artificial intelligence. Mukesh Ambani announced Reliance Intelligence, a new unit for AI. Partnerships with Meta and Google are central to this push. Reliance will build AI-ready data centers. Google and Reliance are establishing a Jamnagar Cloud region. Meta and Reliance will deliver open-source AI models to Indian businesses.
Reliance AGM 2025: Google to help build cloud facility in Jamnagar
Reliance Industries and Google are partnering to establish a dedicated cloud region in Jamnagar, powered by clean energy and Jio's network. This collaboration aims to make AI technology accessible across India, building on Google's previous investment in Jio Platforms. Reliance will also launch Reliance Intelligence, a subsidiary focused on AI infrastructure and services nationwide.
Chipmaker Marvell's weak data centre forecast prompts AI investors to dump its stock
Marvell Technology forecast quarterly revenue below expectations, sending shares down 12%. Despite a 69% rise in data centre revenue, growth missed estimates. Concerns over its custom ASIC business and reliance on Microsoft and Amazon cloud demand weighed on the outlook. Analysts expect improvement, but diversification may take 12–18 months.
Snowflake stock surges over 20% after strong Q2 earnings and positive guidance for next quarter
SNOW stock today: Snowflake shares saw a big jump after strong earnings. The company beat Wall Street forecasts for the second quarter. Revenue reached $1.1 billion, a 32% increase. Snowflake also gave a positive outlook for the current quarter. Businesses are using Snowflake for AI projects. The company is helping firms deploy their own AI agents using data.
India's GenAI boom faces talent drought
India's digital economy is booming, but a shortage of skilled AI engineers threatens growth. Demand for AI and cloud computing professionals will surge. Global Capability Centers are driving tech hiring, especially in AI. Salaries for AI and cybersecurity experts are rising sharply. Traditional sectors are also seeking AI and cloud talent. Legacy IT roles are becoming obsolete.
Malaysia unveils first edge AI processor MARS1000
SkyeChip is a Malaysian chip design firm specialising in AI and high-performance computing. An edge AI processor is a specialised chip designed to run AI-based tasks directly on devices rather than relying on distant cloud servers or data centres.
Database firm MongoDB's shares rally 31% as AI apps fuel demand for Atlas cloud database
MongoDB's shares experienced a significant surge of 31% following the company's announcement of increased usage of its Atlas cloud service, driven by customers building AI applications. The database software firm raised its annual adjusted profit and revenue forecasts, exceeding Wall Street estimates.
Capgemini to acquire cloud services firm Cloud4C
Financial details of the deal have not been disclosed. The deal brings to the table immediate cross-selling opportunities across Capgemini clients. It is also expected to help the Capgemini Group to further develop industry-specific packaged frameworks, IP, and GenAI solutions for cloud management and seamless migrations.
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