Amazon confirms massive job losses in corporate division

Liv McMahon,Technology reporter and Osmond Chia,Business reporter Reuters Amazon has confirmed it plans to cut thousands of jobs, saying it needs to be “organised more leanly” to seize the opportunity provided by artificial intelligence (AI). The tech giant said on Tuesday it would reduce its global corporate workforce by “approximately 14,000 roles”. Earlier reporting had […]

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Live updates: Fed looks set to cut rates for second time this year despite data blackout due to government shutdown

For the first time since the Federal Reserve’s rate-setting committee was established in the 1930s, officials will be making a rate decision without a month’s worth of key employment data produced by the government. The ongoing federal government shutdown, which has become the second-longest on record, has suspended most of the economic data that the […]

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Character.ai to ban teens from talking to its AI chatbots

Chatbot site Character.ai is cutting off teenagers from having conversations with virtual characters, after facing intense criticism over the kinds of interactions young people were having with online companions. The platform, founded in 2021, is used by millions to talk to chatbots powered by artificial intelligence (AI). But it is facing several lawsuits in the […]

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