TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10 per cent of its workforce, as it looks to focus on its artificial intelligence-powered tax preparation software and other financial products. The company, which has invested heavily in providing generative AI powered accounting and tax preparation tools for small and...
Tag: Technology
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Most news consumers suspicious of AI in journalism, survey shows
News consumers most opposed to use of AI for sensitive topics such as politics, report finds. Most news consumers in the United States and the United Kingdom would be uncomfortable with journalism produced mainly by artificial intelligence (AI), a survey has found. Only 23 percent of respondents in the US and 10 percent in the...
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Make tech creative, not destructive: PM Modi at G7 Summit
The global community must ensure the benefits of technology reach all sections of society in order to eliminate inequalities and lay the foundation of an inclusive society, Prime Minister Narendra Modi said on Friday as he met a galaxy of world leaders on the sidelines of the G7 summit in Italy. Prime Minister Narendra Modi...
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UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election. Pa Images | Getty Images LONDON — British technology executives and entrepreneurs want the next government...
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World leaders plan new agreement on AI at virtual summit co-hosted by South Korea, UK
SEOUL, South Korea — World leaders are expected to adopt a new agreement on artificial intelligence when they gather virtually Tuesday to discuss AI’s potential risks but also ways to promote its benefits and innovation. The AI Seoul Summit is a follow-up to November’s inaugural AI Safety Summit at Bletchley Park in the United Kingdom,...
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India takes top rank in world artificial intelligence race, shows data
1 min read Last Updated : Apr 28 2024 | 9:53 PM IST The rise of artificial intelligence (AI) has split the world into leaders and laggards. India, Singapore, the United Kingdom and the United States (US) are leaders, says a report by NetApp, a data infrastructure company. Spain, Australia and Germany are among laggards....
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UK regulator looks into Microsoft and Amazon’s AI partnerships
The UK competition regulator identified an “interconnected web” of over 90 partnerships and “strategic investments” involving AI companies. ADVERTISEMENT The United Kingdom’s competition body is launching preliminary inquiries into whether Microsoft and Amazon’s partnerships with artificial intelligence (AI) start-ups comply with its merger rules and if these investments could impact competition. Wednesday’s announcement by the...
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UK Store Closures Put Spotlight on Digital Shoppers
One of the U.K.’s oldest retailers, Marks and Spencer (M&S) announced last week it plans to shutter 110 stores during the next five years. This news comes only weeks after reports that the British division of The Body Shop was closing nearly half of its 198 U.K.-based stores and reducing its headcount by 40 percent....
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UN approves its first resolution on artificial intelligence
The UN General Assembly has called for a set of international guidelines to address the risks and benefits of AI. The United Nations General Assembly has unanimously adopted the first global resolution on artificial intelligence to encourage the protection of personal data, the monitoring of AI for risks, and the safeguarding of human rights. The...
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McDonald’s suffers global tech outage
‘System failure’ shutters some restaurants for hours, leading to complaints from customers on social media. Fast food giant McDonald’s has experienced systems failures in several countries that led to some of its restaurants being shuttered for hours, but ruled out cybersecurity issues as a potential cause of the problem. The United States-based chain said the...
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