Freshworks to cut 11% jobs as AI reshapes software industry
May 5 : Freshworks said on Tuesday it would cut 11 per cent of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by the rapid advances in artificial intelligence.Shares of the company, which makes software that manages customer service a ...
Freshworks to cut 11% jobs as AI reshapes software sector
May 5 : Freshworks said on Tuesday it would cut 11 per cent of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence.Shares of the company were down around 5 per cent in extended trading.The cuts are the latest tied to ...
AMD forecasts revenue above expectations on strong AI demand, shares jump 12%
May 5 : Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand for its data-center chips as cloud-computing companies accelerate spending on artificial-intelligence infrastructure. Shares of the company jumped 12 per cent in extended t ...
Match Group beats revenue estimates as Hinge grows, Tinder resets amid AI push
May 5 : Match Group posted first-quarter revenue above estimates on Tuesday, driven by the solid performance of dating app Hinge and early signs that a turnaround at Tinder is gaining traction amid a broad push for AI-led transformation.Shares of the company rose about 5 per cent in extended trading ...
Growth in gaming accessories pushes Logitech's fourth-quarter sales higher
ZURICH, May 5 : Logitech International on Tuesday reported better-than-expected results for the fourth quarter, with the computer hardware maker seeing strong growth in gaming accessories and video collaboration devices.Logitech, whose products include computer mice, keyboards and webcams, said its ...
Super Micro forecasts quarterly revenue above estimates, shares climb
May 5 : Super Micro Computer on Tuesday forecast fourth-quarter revenue and adjusted profit above Wall Street estimates, banking on robust demand for its artificial intelligence servers, sending shares up 17 per cent in extended trading.The server maker has been a primary beneficiary of the AI boom, ...
Flex to spin off AI data-center infrastructure unit into listed company
NEW YORK, May 5 : Contract manufacturer Flex on Tuesday outlined plans for a strategic break-up to monetize its exposure to artificial intelligence, saying it would spin off its cloud and power infrastructure business into a separate publicly traded company by early 2027.The split, which is subject ...
Lumen beats quarterly revenue estimates, to acquire Alkira for $475 million
May 5 - Digital networking services company Lumen Technologies beat Wall Street estimates for first-quarter revenue on Tuesday and announced it would buy networking platform Alkira for $475 million in cash.The acquisition is expected to accelerate Lumen's push into cloud-to-cloud and data cente ...
Meta plans advanced 'agentic' AI assistant for users, FT reports
May 5 : Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the company faces investor scrutiny over its escalating AI spending.The social media giant is developing agentic tools, ...
OpenAI projects $50 billion spending on computing power this year, Brockman says
May 5 : OpenAI expects to spend $50 billion on computing power this year, co-founder and President Greg Brockman said during his testimony in the company's courtroom battle with Elon Musk on Tuesday.The ChatGPT maker's computing costs have risen from about $30 million in 2017 to tens of bi ...
Saudi Arabia cuts Arab Light June OSP for Asia from record levels
May 5 : Saudi Arabia has set the June Arab Light crude oil official selling price to Asia at $15.50 a barrel above the Oman/Dubai average, down from the previous month, Saudi Aramco said in a statement on Tuesday.The OSP premium for the previous month was $19.50 a barrel.The cut came almost in line ...
Saudi Arabia cuts Arab Light June OSP for Asia
May 5 : Saudi Arabia has set the June Arab Light crude oil official selling price to Asia at $15.50 a barrel above the Oman/Dubai average, down from the previous month, Saudi Aramco said in a statement on Tuesday.The OSP premium for the previous month was $19.50 a barrel.
Musk wanted $80 billion to colonize Mars, OpenAI president testifies at trial
OAKLAND, California, May 5 : The president of OpenAI testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into a for-profit company, but wanted full control in part to help him raise $80 billion to colonize Mars.Under questioning from an OpenAI lawyer, Greg ...
David Attenborough, 'the voice for nature,' turns 100
LONDON, May 5 : Britain's David Attenborough, who has for decades been the world's most authoritative voice on the natural world and whose documentaries have been watched by hundreds of millions, will on Friday celebrate his 100th birthday. After more than 70 years of film-making, Attenbor ...
Exclusive-Top Google scientist says EU data measures pose privacy risk for users
BRUSSELS, May 5 : A top Google scientist sent a warning to EU antitrust regulators on Tuesday that its proposal requiring the company to share search engine data with rivals such as OpenAI risked exposing users' private information, the sternest rebuke yet in a tussle over Google's lucrati ...
OpenAI provided GPT-5.5 to US for national security testing, executive said
WASHINGTON, May 5 : OpenAI gave the U.S. government early access to its GPT-5.5 model for national security testing, said OpenAI executive Chris Lehane in a LinkedIn post.
Apple to let users choose rival AI models across iOS 27 features, Bloomberg News reports
May 5 : Apple will allow users to select from third-party AI models for tasks such as generating and editing text and images, across its iOS 27 features, Bloomberg News reported on Tuesday.
AI errors in US murder case lead to discipline for Georgia prosecutor
WASHINGTON, May 5 : The Georgia Supreme Court on Tuesday disciplined a prosecutor in the U.S. state, finding her misuse of artificial intelligence tools led to fake and misleading case citations appearing in a murder case ruling. The state's high court barred Deborah Leslie, a Clayton County as ...
Tesla's supervised self-driving software could be up for approval in Belgian region
BRUSSELS, May 5 : Tesla's aim to roll out its supervised "full self-driving" software in Europe got a boost from Belgium on Tuesday, where the Flanders region said it was looking into whether it can quickly adopt it following approval in the Netherlands.The Netherlands' regulator ...
AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say
MONTREAL, May 5 : Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to Brazil's Embraer, two sources told Reuters.The province of Quebec has a minority stake in the A220 progr ...
Top European tech CEOs call for easier AI rules
AMSTERDAM, May 5 : Europe's AI regulations should be reduced and simplified, chief executives of seven of Europe's top technology firms including Christophe Fouquet of the biggest, computer chip equipment maker ASML, said in an opinion piece published on Tuesday. The European Union resumes ...
Ireland probes Meta's Instagram, Facebook over EU manipulation concerns
DUBLIN, May 5 : Ireland's media regulator has opened investigations into Meta's Instagram and Facebook over concerns EU users cannot easily control what they see online and may be steered by algorithms into highly personalised feeds, it said on Tuesday.Under the EU's Digital Services ...
Exxon using AI for faster analysis of Guyana's oil fields, VP of exploration says
HOUSTON, May 5 : New developments in AI and technology are helping Exxon Mobil interpret seismic data from Guyana in days, rather than months, John Ardill, the company's vice president of exploration, said on Tuesday. The company, which leads an oil-producing consortium in Guyana, is also using ...
India's markets regulator sets up task force to tackle AI-driven cyber threats
May 5 : India's markets regulator on Tuesday issued an advisory on emerging AI-driven vulnerability detection tools, warning that their use could introduce new cybersecurity risks for regulated entities.Here are some details: • The Securities and Exchange Board of India has constituted a task ...
Alphabet closes in on Nvidia's spot as world's biggest company
May 5 : Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.The potential reshuffling would put the Google parent at the No.1 spot for the first time in more th ...
OpenAI, Anthropic ventures in talks to buy AI services firms, sources say
NEW YORK, May 5 : The joint ventures OpenAI and Anthropic separately created with private equity firms are in talks to acquire services companies that help businesses deploy artificial intelligence, with OpenAI's new venture in advanced stages on three deals, people familiar with the matter tol ...
Anthropic deepens finance push as CEO Amodei warns of software disruption
NEW YORK, May 5 : Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing tools on Tuesday that can speed up myriad tasks for banks and insurers while CEO Dario Amodei predicted further software disruption.Pegged to a New York event hosted by Anthropic, ...
Anthropic deepens finance push with 10 new AI agents for banks, insurers
NEW YORK, May 5 : Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing software on Tuesday that can speed up myriad tasks for banks, insurers and other companies.Timed to an event Anthropic is hosting in New York, the startup launched 10 financially ...
US stocks: Wall Street rebounds as oil drops despite Middle East tensions
WALL Street’s main indexes recovered on Tuesday as oil prices fell despite renewed Middle East tensions that threatened to upend a fragile...
India's PNB hikes cybersecurity spend as AI models including Anthropic’s Mythos raise risks
BENGALURU/MUMBAI, May 5 : India's Punjab National Bank is stepping up investments in cybersecurity and accelerating procurement of technology to guard against rising digital threats including those from advanced AI models, a senior executive said on Tuesday.The country's third largest stat ...
Major publishers sue Meta for copyright infringement over AI training
May 5 : Publishers Elsevier, Cengage, Hachette, Macmillan and McGraw Hill sued Meta Platforms in Manhattan federal court on Tuesday, alleging that the tech giant misused their books and journal articles to train its artificial intelligence model Llama.The publishers, as well as author Scott Turow, a ...
GameStop's $56 billion pursuit of eBay stirs social media hype and doubts
May 5 : GameStop's $56 billion bid for eBay ignited intense debate on social media, as retail investors greeted the potential deal with a mix of excitement, skepticism and meme-stock humor.• Top comments on Reddit were split between enthusiasm over the e-commerce giant that such a merger woul ...
Venture Corporation reports revenue of $628.5 mil for 1QFY2026, up 1.9% y-o-y
Teo Zheng Long - Venture Corporation (SGX: V03 ) has reported a higher revenue of $628.5 million for 1QFY2026 ended March 31, up 1.9% y-o-y. On a constant currency basis, Venture’s revenue would have increased 8.2% y-o-y. The higher revenue was supported by demand across technology domains that supports AI-related ...
Indonesia central bank to tighten rules again on dollar-buying to support rupiah
JAKARTA, May 5 : Indonesia's central bank will lower the threshold for requiring underlying documents from those buying dollars again, in a move aimed at supporting the rupiah currency, Bank Indonesia Governor Perry Warjiyo said on Tuesday.The rupiah earlier on Tuesday slid to a historic low of ...
