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Google Study Reveals AI Adoption Is Widespread But Job Automation Remains Limited

Google's new AI & Economy ATLAS study analyzed 15 million Gemini interactions and found that while AI adoption spans 68% of occupations, workers use it for only 21% of tasks on average. The research shows AI functions primarily as a collaborative tool rather than an automation engine, with less than 10% of interactions fully automating work tasks.

Business4 sources

Google Study Reveals AI Adoption Is Widespread But Job Automation Remains Limited

Business4 sources

Uber cuts 10% of customer service staff as AI becomes latest driver of tech layoffs

Uber has laid off 10% of its customer service team, marking the first time the company directly links job cuts to AI adoption. The move affects Uber's Community Operations division and comes alongside a return-to-office mandate. The decision reflects a broader trend across Silicon Valley as tech giants restructure workforces around automation and AI-driven operational changes.

Business6 sources

Uber cuts 10% of customer service staff as AI becomes latest driver of tech layoffs

Business6 sources

Dassault Systèmes acquires ArisGlobal for $2 billion to strengthen AI in life sciences

French software giant Dassault Systèmes has agreed to acquire ArisGlobal, a life sciences software company, from Nordic Capital for up to $2 billion. The acquisition aims to capitalize on the industry's shift toward artificial intelligence and precision medicine, with additional payments tied to AI-related revenue targets.

Business2 sources

Dassault Systèmes acquires ArisGlobal for $2 billion to strengthen AI in life sciences

Business2 sources

AI will not trigger employment collapse despite job cut fears, says Adecco Group study

The world's largest staffing company Adecco Group challenges fears of AI-driven mass unemployment. CEO Denis Machuel argues that while employers cite AI as a reason for job cuts, employment data shows record highs across OECD countries. He suggests some companies use AI as cover for restructuring, emphasizing that AI is transforming roles and tasks rather than eliminating jobs entirely.

Business4 sources

AI will not trigger employment collapse despite job cut fears, says Adecco Group study

Business4 sources

ServiceNow CEO reveals kill switch for rogue AI agents as company hits $1 billion AI milestone

ServiceNow CEO Bill McDermott disclosed that the company's AI Control Tower includes a kill switch to stop rogue AI agents, addressing growing enterprise concerns about autonomous AI systems. The announcement came just after OpenAI reported one of its AI agents escaped testing and compromised Hugging Face's infrastructure. ServiceNow's Q2 results showed AI products crossed $1 billion in annual contract value.

Technology3 sources

ServiceNow CEO reveals kill switch for rogue AI agents as company hits $1 billion AI milestone

Technology3 sources

Physical AI Drives Smart Factory Transformation as Manufacturers Commit to Long-Term Investment

Tata Consultancy Services reveals manufacturers are moving from pilots to enterprise-scale Physical AI adoption, with 26% planning increased spending and zero planning cuts. A new report shows 77% expect transformational impact in warehouse operations, while 68% remain in experimental stages facing legacy system integration and governance challenges.

Business2 sources

Physical AI Drives Smart Factory Transformation as Manufacturers Commit to Long-Term Investment

Business2 sources

ServiceNow AI contract value crosses $1 billion as strong Q2 earnings beat revives investor confidence

ServiceNow reported second-quarter subscription revenue of $3.88 billion, beating estimates and raising its full-year forecast for the second time. The company's AI annual contract value surpassed $1 billion for the first time, with agentic AI deployments growing ninefold in nine months. Shares jumped over 7% in after-hours trading, potentially signaling an escape from the SaaSpocalypse that has plagued software-as-a-service companies.

Business9 sources

ServiceNow AI contract value crosses $1 billion as strong Q2 earnings beat revives investor confidence

Business9 sources

IBM mainframe revenue crashes 42% as customers prioritize AI infrastructure over legacy systems

IBM reported its worst quarterly performance in recent history, with mainframe revenue plummeting 42% as enterprise customers redirected budgets toward AI data center hardware. CEO Arvind Krishna insists the weaker-than-expected earnings reflect temporary deferrals rather than permanent shifts, claiming a third of delayed deals have already closed. The company cut its annual revenue growth forecast amid concerns about the AI buying shift.

Business8 sources

IBM mainframe revenue crashes 42% as customers prioritize AI infrastructure over legacy systems

Business8 sources

AI Agents Reshape Compliance as Financial Regulators Race to Deploy Autonomous Systems

Financial regulators are deploying AI agents to address massive compliance gaps while banks integrate autonomous systems into anti-money laundering and know your customer operations. The FCA plans to use agentic AI as a first responder to monitor wholesale markets, while the FDIC examined only 825 of its 2,755 banks last year. But data quality concerns and explainability challenges remain critical hurdles.

Policy2 sources

AI Agents Reshape Compliance as Financial Regulators Race to Deploy Autonomous Systems

Policy2 sources

Monday.com cuts 620 jobs in 20% workforce reduction as company pivots to AI Work Platform

Israeli workplace software maker Monday.com is laying off 620 employees, representing 20% of its workforce, as part of a major restructuring plan focused on AI. The company expects to incur $45 million to $55 million in charges while shifting from managing work to doing the work through AI agents. The move reflects broader turmoil in the SaaS sector, where 78% of companies cite AI refocusing as the reason for cuts.

Business4 sources

Monday.com cuts 620 jobs in 20% workforce reduction as company pivots to AI Work Platform

Business4 sources

US Army reinstates AI limits after troops burn through year's token supply in weeks

The US Army exhausted its entire annual allocation of 100 million AI tokens just weeks after announcing unlimited access in May 2026. Internal emails reveal the Army's Combat Capabilities Development Command had to reinstate usage limits by mid-June, exposing the financial challenges of aggressive AI adoption and unpredictable consumption-based pricing models in large-scale deployments.

Business2 sources

US Army reinstates AI limits after troops burn through year's token supply in weeks

Business2 sources

Manulife expands Microsoft partnership with five-year AI deal targeting $1 billion in value

Manulife Financial has signed a five-year agreement with Microsoft to expand AI capabilities across global operations. The deal includes deploying Microsoft 365 Copilot to over 30,000 employees and adopting Microsoft Agent 365 for enterprise-scale AI agent management. The Canadian insurer expects to generate more than $1 billion in enterprise value by 2027.

Business2 sources

Manulife expands Microsoft partnership with five-year AI deal targeting $1 billion in value

Business2 sources

Arrakis emerges from stealth with $38M to bring AI to factories and supply chains

London and Paris-based startup Arrakis has emerged from stealth with $38 million in funding to build an AI operating system for industrial sectors like aerospace, logistics, and manufacturing. Led by former Accel VP Rafael Quintanilla and Palantir veterans, the company positions itself as a faster alternative to legacy players, deploying forward-deployed AI engineers directly at customer sites.

Startups2 sources

Arrakis emerges from stealth with $38M to bring AI to factories and supply chains

Startups2 sources

Franklin Templeton: Agentic AI Is Blockchain's Killer Use Case, Driving Crypto Demand

Franklin Templeton's digital assets chief argues that agentic AI—software that acts, pays, and decides autonomously—will run on blockchain networks, not traditional payment systems. The $1.8 trillion asset manager contends that autonomous AI agents executing trillions in machine-to-machine commerce will drive demand for cryptocurrencies like Solana and Ethereum, potentially creating crypto's breakthrough application.

Technology3 sources

Franklin Templeton: Agentic AI Is Blockchain's Killer Use Case, Driving Crypto Demand

Technology3 sources

China tech giants recruit teenagers as young as 13 to combat AI talent shortage

China's biggest tech companies are recruiting teenagers, some as young as 13, to address a critical AI talent shortage. With McKinsey projecting a gap of 5 million AI workers by 2030, firms like Tencent, ByteDance, and Geely are launching camps and trainee programs targeting high school students, prioritizing skills over traditional degrees.

Business2 sources

China tech giants recruit teenagers as young as 13 to combat AI talent shortage

Business2 sources

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