Technology

Cisco Systems Announces Significant Workforce Reduction, Plans to Cut 6,000 Jobs

Cisco Systems Announces Significant Workforce Reduction, Plans to Cut 6,000 Jobs

More news - Latest news Cisco Systems, a leading developer of computer networking solutions based in San Jose, California, said it will reduce its workforce by 7 percent, marking its second significant reduction this year. The decision means about 6,000 job losses from its 84,900-person workforce as of July 2023. Earlier this year, Cisco had already cut its workforce by 4,000. Despite the job cuts, Cisco reported net income of $2.16 billion for the latest quarter, a 45 percent decline from the previous year, with revenue falling 10 percent to $13.64 billion. However, those numbers still beat expectations set by…
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Elon Musk amplifies his support for Donald Trump through Platform X.

Elon Musk amplifies his support for Donald Trump through Platform X.

More news - Latest news Tech mogul Elon Musk has stepped up his public support for Donald Trump, using his social media platform, X, as a key vehicle for political endorsement. Musk’s support for Trump, which has grown significantly following a recent assassination attempt against the former president, now includes the formation of a PAC to support Trump’s political efforts and publicly criticize his opponents. In a notable move, Musk scheduled a live event with Trump on X for Monday, signaling deeper engagement with the political landscape through his platform. The event is part of Musk’s broader strategy to leverage…
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Tech glitches trigger widespread disruption, small businesses hit hard

Tech glitches trigger widespread disruption, small businesses hit hard

Related media - News 24 hours NEW YORK — Following a faulty software update in Vienna, widespread technology disruptions continued at several airports around the world, causing a significant spike in flight cancellations. According to FlightAware, the United States saw a significant increase in domestic and international flight cancellations, totaling 758, exceeding the numbers typically seen on peak holiday days, with Delta Air Lines the hardest hit. Delta alone accounted for 626 of these cancellations, which represents about 83% of the total cancellations reported. Delta CEO Ed Bastian told passengers that the airline is moving forward to resume normal operations…
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State officials urge Elon Musk to tackle AI-powered misinformation on social media platform X

State officials urge Elon Musk to tackle AI-powered misinformation on social media platform X

Related media - News 24 hours In Washington, the secretaries of state of five US states have asked billionaire Elon Musk to dismantle an artificial intelligence-based chatbot on his social media platform X, criticizing it for spreading inaccurate information about the upcoming November 5 elections. Why is it important? Social media platforms, particularly X, have come under intense scrutiny for spreading misinformation and conspiracy theories, including incorrect details about the election and voter eligibility. The proliferation of AI-generated content is a growing concern in Washington, especially because it has the potential to influence voter behavior in upcoming presidential and legislative…
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Apple Vision Pro review: First-gen headset falls short

Apple Vision Pro review: First-gen headset falls short

Related media - Recent news Seventeen years ago, Steve Jobs introduced the iPhone, a revolutionary device that combined an iPod, a telephone, and an Internet browser in one. At $500, it was expensive, but its innovation justified the cost, despite some initial flaws. Fast forward to today, and my experience with Apple’s new $3,500 Vision Pro headset has been less than stellar. This ski-goggle-style virtual reality headset aims to merge the physical and digital worlds. Apple bills it as a “space computer” designed for work, entertainment, and play. Without an advance review unit from Apple, I purchased the Vision Pro…
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Autistic Employees Revolutionize Workplace Accommodations

Autistic Employees Revolutionize Workplace Accommodations

Related media - Breaking news When Chelsia Potts took her 10-year-old daughter to a psychologist for an evaluation for autism spectrum disorder, she decided, almost as an afterthought, to get tested herself. The results were surprising: Like her daughter, Ms. Potts was diagnosed with autism. At 35, Ms. Potts thought she was dealing with anxiety or something else. A first-generation college graduate, she had earned a Ph.D. in education and become a high-level administrator at Miami University in Oxford, Ohio. After seeing a psychologist, she had to figure out how this diagnosis would affect her work life. “I was confused…
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Ferrari Ventures Into Electric Age Amid Industry Challenges

Ferrari Ventures Into Electric Age Amid Industry Challenges

Related media - Recent news In a new factory in northern Italy, Ferrari chassis slide onto robot trucks as engineers in cherry-red uniforms add components like the engine block, dashboard, and steering wheel, turning these bodies into hybrids. Soon: fully electric. There’s a lot at stake in Ferrari’s €200 million “e-building,” which opened last month. Almost twice the size of Rome’s Colosseum, the factory aims to propel the 77-year-old sports car maker, famous for the roar of its combustion engines, into the age of electrification. However, this effort comes at a delicate time for the auto industry. The transition to…
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Building Global Supply Chains: US Strategy to Mitigate Risks with China

Building Global Supply Chains: US Strategy to Mitigate Risks with China

More news - Recent news If the Biden administration is successful, many more electronic chips will be produced in factories located in, say, Texas or Arizona. These chips will then be shipped to partner countries like Costa Rica, Vietnam, or Kenya for final assembly and global distribution, powering everything from refrigerators to supercomputers. These places aren’t the first that come to mind when you think of semiconductors. But administration officials are trying to transform the global chip supply chain, and they’re negotiating hard to make that happen. Key elements of the plan include convincing foreign companies to invest in U.S.…
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Investors Plough .1 Billion Into AI Startups Despite Economic Struggles

Investors Plough $27.1 Billion Into AI Startups Despite Economic Struggles

More news - News 24 hours In May, CoreWeave, a provider of cloud computing services for AI companies, raised $1.1 billion, followed by $7.5 billion in debt, reaching a valuation of $19 billion. Scale AI, a data provider for AI companies, secured $1 billion, at a valuation of $13.8 billion. Additionally, xAI, founded by Elon Musk, raised $6 billion, reaching a valuation of $24 billion. According to Kyle Stanford, research analyst at PitchBook, these funding rounds have increased overall deal volume in the industry, both in terms of dollar amounts and number of deals. "It's not declining anymore," he said.…
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Robots Have Chubby Faces (and Smiles), According to New Research

Robots Have Chubby Faces (and Smiles), According to New Research

More news - Recent news In Japan, engineers are working to create robots that can mimic human expressions, particularly smiles. They developed a face mask using human skin cells, which they attached to robots using a new technique that hides the bond and is flexible enough to form expressions such as a grimace or a slight smile. The look is a mix between the disturbing Hannibal Lecter mask and the claymation character Gumby. However, scientists believe that these prototypes could lead to more advanced robots. These robots would have a durable, elastic outer layer that protects the machine while making…
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