Uber Caps Employee AI Spending After Burning Through Annual Budget in 4 Months
Uber Technologies has introduced spending limits on AI coding tools after reportedly exhausting its annual AI budget within the first four months of the year.
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Uber Technologies has introduced spending limits on AI coding tools after reportedly exhausting its annual AI budget within the first four months of the year.
Major technology companies including Alphabet and Amazon are increasingly turning to international bond markets to help finance massive AI infrastructure investments.
SoftBank plans to invest €45 billion in three large-scale AI data centers in France as part of a broader €93 billion foreign investment push announced at the Choose France summit.
The European Union is intensifying discussions with Anthropic and U.S. officials over access to advanced AI models, including the company’s cybersecurity-focused Mythos system.
Anthropic has opened a new office in Milan, expanding its European footprint as adoption of Claude accelerates among Italian enterprises, startups, and research institutions.
Microsoft has reportedly begun canceling many internal Claude Code licenses and shifting employees toward GitHub Copilot CLI as AI coding tool costs continue to rise across the tech industry.
IBM and Ferrari are using AI-powered storytelling, analytics, and personalization tools to transform Formula One fan engagement through Ferrari’s standalone fan app.
A new U.S. study found that one in seven young adults in committed relationships regularly use AI romantic companion chatbots, with many concealing the behavior from their partners.
Expedia Group unveiled new AI-powered tools and infrastructure aimed at helping partners build and manage travel experiences through AI agents and automation.
California Governor Gavin Newsom signed an executive order directing state agencies to study and mitigate AI-driven job losses through retraining programs, labor protections, and employment support measures.
Hong Kong and Singapore regulators have sought clarification from Standard Chartered after CEO Bill Winters said the bank plans to replace “lower-value human capital” with technology. The scrutiny follows the lender’s plan to cut more than 7,000 jobs over four years.
Standard Chartered plans to eliminate more than 7,000 jobs as the bank accelerates automation and AI adoption across operations.
Google and Blackstone have formed a new AI infrastructure company focused on offering cloud access to Google’s TPU chips. The venture aims to expand alternatives to Nvidia-powered AI infrastructure with $5 billion in initial funding.
KPMG has formed a global alliance with Anthropic to deploy Claude across its Digital Gateway platform and workforce of more than 276,000 employees.
Meta is moving thousands of employees into AI-focused teams while cutting 10% of its workforce as part of a broader organizational overhaul. The restructuring comes as new labor data shows AI-exposed occupations across the U.S. continue to lose jobs.