News with the tag "Tech industry"

Microchip giant Nvidia’s vice president of government affairs says the new framework will hurt America’s global competitiveness and undermine innovation.

California lawmakers advance a controversial AI safety bill, SB 1047, despite pushback from major tech companies and now awaits full approval of Governor Gavin Newsom.

As the debate over SB 1047 intensifies, Wiener remains steadfast in his support for the bill, which he believes is a necessary step toward responsible AI governance.

In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors and t...

Learn more about the story of massive layoffs in the tech industry and how artificial intelligence is starting to replace people.

The tech industry in 2024 has kicked off with job cuts, marking yet another round of workforce reductions following last year’s widespread layoffs. Approximately 32,000 tech professionals have found themselves out of work already this year, according to data from Layoffs.fyi, an established startup ...

The tech industry is navigating a transformative period marked by significant shifts in employment dynamics and strategic priorities as companies pivot towards artificial intelligence (AI). With the onset of 2024, the sector has already witnessed many layoffs, raising questions about the long-term i...

In a recent and unexpected turn of events, Sui Network, a major player in the tech industry, has forcefully denied any association with the ‘Sui Mermaid’ or ‘Mermaid’ project. The unfolding controversy revolves around false claims made by the latter, asserting a connection with the esteemed Sui Foun...

In a shocking turn of events, OpenAI has ousted CEO Sam Altman, marking one of the most unexpected removals of a tech leader in decades. The OpenAI board cited Altman’s lack of consistent candor with them, hindering their ability to fulfill their responsibilities. The immediate replacement for Altma...

The industry has seen substantial workforce adjustments in a year marked by significant transformations in the tech landscape. Over 224,503 workers in the United States found themselves without jobs, raising concerns about employment stability. Nevertheless, industry experts assert that opportunitie...