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Upwork cuts full-year forecast as AI pressures its marketplace

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Upwork shares fell sharply after the freelance marketplace cut its full-year guidance, overshadowing a second-quarter earnings beat and reviving concerns that AI is eroding the work it brokers. The stock dropped as much as 21% in after-hours trading on Monday and closed on Tuesday down about 15% at $8.39. The company reported second-quarter revenue of $191.7m, down […]

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Musk says SpaceX AI will out-earn rockets by September, and be trained on staff

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SpaceX posted a 30-minute all-hands to X on Tuesday. Elon Musk used it to make two claims, and they only make sense together. The first is a number. AI revenue will pass everything else the company sells by next month. The second is a method. SpaceX will train Grok on its own information, including the […]

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Cerebras CEO says it’s “mind-boggling” that people think working 38 hours a week leads to greatness

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Andrew Feldman, cofounder and CEO of AI chip company Cerebras, says it is “mind-boggling” that people believe they can achieve greatness while working 38 hours a week. “This notion that somehow you can build something extraordinary by working 38 hours a week and having work-life balance, that is mind-boggling to me,” he said on the […]

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Recruiters are using AI avatars to run interviews. Now candidates are sending avatars to attend them.

Artificial Intelligence, Australia, Digital Marketing, Future of work, SEO Tips, Technology /

Job recruiters are meeting an uncanny new kind of candidate: the AI avatar. These digital humans mirror an applicant’s voice and likeness while being something else entirely, and they are turning up in first-round interviews. Lana Kersanava, a Sydney-based recruiter, told Semafor she has encountered them over the past six months. “At the beginning, it’s like […]

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Etsy is cutting 12% of its staff. It just beat forecasts and launched a $2bn buyback

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Etsy beat Wall Street on revenue, raised its outlook, and told investors it would buy back $2bn of its own shares. Then it said it was cutting 12% of its staff. The craft marketplace announced a restructuring on Wednesday that removes roughly 220 roles, most of them in product and engineering, CNBC reported. That leaves […]

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Uber’s tech chief says the AI ‘tokenmaxxing’ era is ending

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The mood around corporate AI spending is turning, and Uber is saying so out loud. The company’s chief technology officer, Praveen Neppalli Naga, says the era of tokenmaxxing is coming to an end. The term needs a translation. Tokenmaxxing is the practice of spending ever more on AI, measured in the tokens that models consume, […]

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Google is cutting 52 jobs in Washington the same week it lost four star researchers

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Google is laying off around 52 employees in Washington state, according to a WARN notice it filed on Wednesday and first reported by GeekWire. The letter gives no reason for the cuts. It says only that they are permanent, and that they are not the result of relocating or contracting work out of the state. […]

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Microsoft tells employees to stop tokenmaxxing, sets division-level AI budgets

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Microsoft executive vice president Jay Parikh has told employees in an internal email that the company needs to rein in its AI token consumption, writing that “tokenmaxxing is not what we are optimizing for.” The message, first reported by 404 Media, reveals that Microsoft has switched its default internal AI model to a cheaper OpenAI […]

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Zillow calls itself “AI-native.” It just cut 500 jobs and won’t say whether AI was the reason.

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Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “AI-native” company. It will not say whether AI had […]

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Deel acquires deepfake-detection startup Clarity as fake hire problem grows

Artificial Intelligence, Data and security, Digital Marketing, Future of work, SEO Tips, Startups and technology, Technology /

Deel, the global HR and payroll platform, has acquired Clarity, a Tel Aviv-based AI cybersecurity startup that detects deepfakes and verifies identities in real time. The deal, reportedly worth between $45 million and $50 million in a mix of cash and shares, is Deel’s 15th acquisition and its first in Israel. The announcement landed alongside […]

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