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Europe’s biggest software company is tightening its belt to chase artificial intelligence. SAP is freezing most hiring and pausing non-essential travel, all to free up cash for its AI push. The plan landed in an internal email to staff on Wednesday evening. Bloomberg saw the memo, and SAP confirmed
Microsoft’s latest AI services announcement suggests the era of standardizing on a single model may be ending. This week, the The post Microsoft just admitted its biggest AI mistake — and spent $2.5 billion fixing it appeared first on The New Stack.
Microsoft is preparing another round of layoffs, spanning Xbox, sales and consulting, as it holds down operating costs while pouring more than $100 billion into AI infrastructure. Read More
A new study from Ramp found companies making the biggest investments in AI are expanding their workforces, with heavy adopters increasing headcount by about 10% and entry-level hiring by 12%, challenging fears that generative AI is already causing widespread job losses.
Enterprise investment in AI is booming. Gartner is calling 2026 an “inflection year” for organizations to align their AI projects with strategic business objectives. As the pressure to prove ROI mounts, executives and technology leaders are looking to agentic AI to drive the measurable financial out
Macquarie expects the AI investment boom to unwind through a series of "rolling bubbles" rather than a single crash, as different segments of the AI ecosystem heat up and cool down over time. Global AI investment has surged to about $850 billion in 2026, far exceeding historical technology booms.
South Korea has placed its biggest bet yet on the AI era. The plan commits at least $880bn over a decade to chips, data centres and robots. It is the boldest South Korea AI investment to date, and the government says speed is now the only way to survive. President Lee Jae Myung unveiled the […] This
The Bank for International Settlements warned on Sunday that an AI investment bust could hit credit markets with disruption comparable to the 2008 financial crisis. In its annual report, the Basel-based institution listed AI-led risks alongside inflation and fiscal stress as “pressure points” that “
A recent report shows that many companies are pivoting away from AI initiatives due to challenges with quality and employee engagement. The failure often stems from inadequate collaboration between humans and AI. Those organisations that implement cohesive workflows and robust review mechanisms are
Amazon is significantly boosting its India investment, committing an additional $48 billion by 2030, bringing the total to nearly $90 billion. CEO Andy Jassy highlighted opportunities in AI, cloud computing, and quick commerce, emphasizing India's crucial role in Amazon's global strategy. The compan
The investment, which would include AI data centers, batteries and displays, will be announced at a meeting with President Lee Jae Myung at the presidential office, the Maeil Business Newspaper said on Friday, without citing sources.
Info Edge has, for the first time, put a formal number on its bets in artificial intelligence and deeptech, revealing that it has deployed Rs 1,003 crore
