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Gen Z is not booing AI. It is booing its own job market

Eric Schmidt stood at a lectern at the University of Arizona’s spring commencement and told a stadium full of graduates that the impact of artificial intelligence would be ‘larger, faster, and more consequential’ than anything they had so far lived through. The former Google chief executive was attempting, on the published account, to be reassuring. […]

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OpenAI co-founder Andrej Karpathy joins Anthropic to supercharge Claude’s pre-training with AI

Andrej Karpathy, one of the original co-founders of OpenAI and among the most recognised AI researchers in the world, announced on Monday that he has joined Anthropic. The move is a significant talent coup for the Claude maker as it races to stay at the frontier of large language model development. Karpathy is joining Anthropic’s pre-training team, […]

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$20bn Kimi developer Moonshot abandons VIE structure for HK listing

The $20bn Kimi developer has informed shareholders it will dismantle its variable-interest-entity structure, after Beijing made it clear an exemption was unlikely. The IPO would be one of the biggest Chinese AI listings on record. Moonshot AI, the Beijing-based developer of the Kimi chatbot, has told shareholders it intends to dismantle its variable-interest-entity (VIE) structure […]

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Nintendo jumps 6.8% as Japanese investors rotate out of AI

Nintendo jumped as much as 6.8% on Tuesday for its longest winning streak since mid-March. Bandai Namco and Konami each gained more than 9%. The trade is about what isn’t AI as much as what is. Nintendo’s stock climbed as much as 6.8% in Tokyo on Tuesday for its third straight day of gains, Bloomberg […]

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Standard Chartered will cut 7,800 back-office jobs to ‘the machines’ by 2030

Bill Winters told investors in Hong Kong that the bank’s HR, risk and compliance functions will shrink by more than 15% over five years, with the headcount efficiency aimed at lifting income-per-employee 20% by 2028. Standard Chartered will cut more than 15% of its back-office roles by 2030, chief executive Bill Winters told investors at […]

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Australia’s largest pension fund sees agentic AI as a disruption-class technology

The A$410bn pension fund is comparing the disruption to what retail and consumer services have already experienced. ASIC is already monitoring frontier-AI risks across the Australian financial system. AustralianSuper, the country’s largest pension fund with A$410bn ($293bn) under management, has said agentic artificial intelligence could fundamentally reshape how it serves its 3.5 million members, Bloomberg’s […]

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Intel and Qualcomm circle Tenstorrent as the NVIDIA-alternative trade comes due

Bloomberg reports early-stage takeover conversations with the Jim Keller-led AI chip startup, which raised $800m at a $3.2bn valuation last year and counts Bezos Expeditions and Samsung among its backers. Tenstorrent, the Jim Keller-led AI chip startup, has held early-stage takeover conversations with Intel and Qualcomm, Bloomberg reported on Monday, citing people familiar with the […]

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Meta moves 7,000 people into AI roles the same week it cuts 10%

Chief People Officer Janelle Gale’s Monday memo described ‘smaller teams’ and a ‘flatter’ structure built around new AI groups for agents, apps, and infrastructure. Layoffs are due later this week. The Meta Saga continues with layoffs and “reassigning”. Meta Platforms is reassigning 7,000 workers to new artificial-intelligence-focused jobs as part of a broad corporate restructuring, […]

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Grafana Labs refuses ransom after hackers steal already-open-source code

The hackers exfiltrated a codebase that was already open source, then demanded payment to keep it from being released. Grafana said no, and cited the FBI’s standing advice. It is the second high-profile extortion case in seven days. Grafana Labs, the open-source monitoring and visualisation company, disclosed on Monday that hackers had broken into its […]

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Musk’s xAI promised employees $420 for their tax data. Two months later, nothing.

Elon Musk’s AI lab promised employees a 420-dollar payment for handing over their personal tax data to train Grok ahead of the April 15 deadline. Two months on, Bloomberg reports, the money has not been paid. Elon Musk’s xAI asked its own employees earlier this year to hand over their personal US tax returns as […]

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