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Microsoft AI chief predicts artificial intelligence will automate most white-collar jobs in 18 months

Microsoft AI CEO Mustafa Suleyman claims artificial intelligence will reach human-level performance on most professional tasks within 12 to 18 months, potentially automating roles in law, accounting, marketing, and project management. While some business leaders echo these warnings, skeptics point to studies showing limited productivity gains and question whether AI washing is driving premature layoffs.

Business12 sources

Microsoft AI chief predicts artificial intelligence will automate most white-collar jobs in 18 months

Business12 sources

Fi Money abandons consumer neo-banking for AI-driven B2B tech services, announces layoffs

Bengaluru-based fintech startup Fi Money is pivoting from B2C neo-banking to B2B technology services, shutting down consumer-facing products and implementing staff layoffs. Co-founder Sujith Narayanan announced the shift follows a period of honest reflection, with the company now focusing on deep technology, AI, and building complex systems for enterprises after years of mounting losses and regulatory challenges.

Business2 sources

Fi Money abandons consumer neo-banking for AI-driven B2B tech services, announces layoffs

Business2 sources

Remedy confirms Control Resonant uses no generative AI as 52% of developers see tech as threat

Remedy Entertainment's interim CEO Markus Mäki confirmed that Control Resonant was developed without any generative AI content. While acknowledging varied interest in investigating AI tools across different crafts at the studio, Mäki emphasized the company's commitment to player value and creative teams. This comes as 52% of game developers now view generative AI as a threat to the industry.

Technology2 sources

Remedy confirms Control Resonant uses no generative AI as 52% of developers see tech as threat

Technology2 sources

Workday co-founder Aneel Bhusri returns as CEO as AI transformation pressures mount

Workday announced a sudden CEO change with co-founder Aneel Bhusri returning to lead the company after Carl Eschenbach's two-year tenure ended abruptly. The leadership change comes as Workday faces mounting pressure from a 40% stock decline and struggles to execute its AI strategy. Bhusri, who controlled the company since 2009, will receive a $138.8 million compensation package to steer the human resources software giant through what he calls the biggest transformation since the shift to cloud computing.

Business6 sources

Workday co-founder Aneel Bhusri returns as CEO as AI transformation pressures mount

Business6 sources

Amazon to test AI tools for film and TV production with industry partners starting March

Amazon MGM Studios is launching a closed beta program in March to test proprietary AI tools designed to streamline film and TV production. Led by Albert Cheng, the AI Studio aims to reduce production costs and improve efficiency while maintaining creative control in human hands. The initiative features 350 AI-generated shots in House of David season two.

Technology6 sources

Amazon to test AI tools for film and TV production with industry partners starting March

Technology6 sources

Anthropic's AI legal tool triggers massive sell-off in software stocks across Europe and India

Anthropic unveiled new AI automation tools that sent shockwaves through global markets. European legal software firms RELX and Wolters Kluwer plunged over 10%, while Indian IT exporters saw their worst day since 2020 with a 6.3% drop. The tools automate legal work, sales, and data analysis, raising fears about the future of labor-intensive business models.

Business29 sources

Anthropic's AI legal tool triggers massive sell-off in software stocks across Europe and India

Business29 sources

Oracle weighs cutting up to 30,000 jobs to fund $156 billion AI data centre expansion

Oracle is considering layoffs of 20,000 to 30,000 employees to fund its aggressive AI data centre buildout, according to TD Cowen research. The job cuts could free up $8-10 billion in cash flow as US banks withdraw funding support and investor concerns mount over the company's ability to finance its massive AI push.

Business3 sources

Oracle weighs cutting up to 30,000 jobs to fund $156 billion AI data centre expansion

Business3 sources

Sam Altman predicts AI will cause massive deflation, making goods and services radically cheaper

OpenAI CEO Sam Altman claims AI will introduce strong deflationary forces that could make daily expenses cheaper and increase the real value of money. Speaking at a company town hall, he argued that enhanced individual productivity through AI could invert historical economic trends—even as OpenAI burns billions quarterly and slows hiring.

Business2 sources

Sam Altman predicts AI will cause massive deflation, making goods and services radically cheaper

Business2 sources

Over Half of Game Developers Now Say Generative AI Is Harming the Gaming Industry

A new GDC survey reveals that 52% of game developers believe generative AI is having a negative impact on the industry, a dramatic jump from just 18% two years ago. While 36% use gen AI in their jobs for tasks like research and brainstorming, growing skepticism among developers reflects concerns about job security, creative integrity, and widespread layoffs across the gaming industry.

Business5 sources

Over Half of Game Developers Now Say Generative AI Is Harming the Gaming Industry

Business5 sources

Dow slashes 4,500 jobs as AI and automation reshape chemical manufacturing operations

Chemical giant Dow announced plans to cut 4,500 jobs—12.5% of its workforce—as part of its Transform to Outperform initiative. The company explicitly cites AI-driven automation as the catalyst, partnering with C3 AI to optimize operations. With severance costs reaching up to $800 million, Dow joins Amazon and UPS in a wave of corporate layoffs, though experts debate whether AI is truly driving job losses or simply providing cover for deeper strategic issues.

Business5 sources

Dow slashes 4,500 jobs as AI and automation reshape chemical manufacturing operations

Business5 sources

Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Mark Zuckerberg revealed Meta will dramatically increase AI spending to between $115 billion and $135 billion in 2026, nearly double last year's $72 billion. The company is betting its massive trove of user data from Facebook, Instagram, and WhatsApp will give it a competitive edge in building personalized AI that understands individual users better than any rival.

Business12 sources

Meta plans to spend up to $135 billion on AI as Zuckerberg pivots from metaverse to personal data

Business12 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Meta exceeded Wall Street expectations with $59.89 billion in Q4 revenue, up 24% year-over-year, and earnings of $8.88 per share. The company's artificial intelligence investments are paying off with measurable improvements in ad performance and engineering productivity. Despite projecting capital expenditures of $115-135 billion for 2026, investors rallied behind Meta's bullish revenue guidance and evidence that its revamped AI strategy is delivering tangible returns.

Business10 sources

Meta stock surges 10% as revamped AI strategy delivers strong fourth-quarter financial results

Business10 sources

Amazon cuts 16,000 jobs as companies cite AI for layoffs, sparking 'AI-washing' debate

Amazon announced 16,000 corporate job cuts as part of its AI push, bringing total layoffs to 30,000 since October. But economists and analysts question whether artificial intelligence is truly driving these workforce reductions or if companies are using AI-washing to mask pandemic-era over-hiring and financial struggles. More than 50,000 layoffs cited AI in 2025.

Business22 sources

Amazon cuts 16,000 jobs as companies cite AI for layoffs, sparking 'AI-washing' debate

Business22 sources

Pinterest cuts 15% of workforce to redirect resources toward artificial intelligence initiatives

Pinterest announced plans to lay off less than 15% of its workforce—roughly 700 employees—by late September 2026 as part of a strategic shift to AI. The company will reallocate resources to AI-focused roles while reducing office space, incurring pre-tax restructuring charges of $35 million to $45 million. Despite the AI investment push, investor skepticism sent shares tumbling nearly 10%.

Business21 sources

Pinterest cuts 15% of workforce to redirect resources toward artificial intelligence initiatives

Business21 sources

AI job cuts hit UK hardest with 8% net losses as workers fear displacement across industries

Morgan Stanley research reveals Britain is experiencing sharper AI-driven job cuts than other major economies, with UK companies reporting 8% net job losses over the past year—double the international average. Meanwhile, over a quarter of British workers fear losing their jobs to artificial intelligence within five years, as automation reshapes white-collar roles and entry-level positions disappear faster than new opportunities emerge.

Business3 sources

AI job cuts hit UK hardest with 8% net losses as workers fear displacement across industries

Business3 sources

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