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Meta abandons metaverse vision as Horizon Worlds pivots to mobile-first strategy

Meta is abandoning its metaverse ambitions by shifting Horizon Worlds to an almost exclusively mobile platform, explicitly separating it from Quest VR. After losing nearly $80 billion in Reality Labs since 2020, the tech giant is refocusing on AI wearables and positioning Horizon Worlds to compete with Roblox and Fortnite.

Technology2 sources

Meta abandons metaverse vision as Horizon Worlds pivots to mobile-first strategy

Technology2 sources

Andrew Yang warns millions of white-collar jobs face AI automation wave within 18 months

Former presidential candidate Andrew Yang issued a stark warning that AI automation will eliminate millions of white-collar jobs within 12 to 18 months, calling it the 'great disemboweling' of office work. His prediction comes as U.S. employers announced over 1.1 million job cuts in 2025, with 55,000 citing AI as a factor, though Yang believes the worst is yet to come.

Entertainment4 sources

Andrew Yang warns millions of white-collar jobs face AI automation wave within 18 months

Entertainment4 sources

Federal Reserve governors warn AI could trigger unemployment spike that monetary policy can't fix

Federal Reserve governors Lisa Cook and Michael Barr warn that AI adoption could drive unemployment higher in ways traditional monetary policy cannot address. Cook says job displacement may precede job creation as the economy faces its most significant work reorganization in generations, while Barr outlines three scenarios ranging from gradual adoption to a jobless boom leaving many workers essentially unemployable.

Policy9 sources

Federal Reserve governors warn AI could trigger unemployment spike that monetary policy can't fix

Policy9 sources

Workers Face New Psychological Condition as Fear of Job Displacement by AI Takes Mental Toll

University of Florida researchers have identified a new clinical condition called AI replacement dysfunction (AIRD), describing the psychological distress workers experience from constant fears of being replaced by artificial intelligence. With 71% of Americans worried about permanent job losses, the condition manifests through anxiety, insomnia, and identity confusion, prompting calls for standardized clinical recognition and treatment protocols.

Health3 sources

Workers Face New Psychological Condition as Fear of Job Displacement by AI Takes Mental Toll

Health3 sources

Indian IT Stocks Lose $56 Billion as AI Disruption Fears Test Sector's Resilience

Indian IT stocks have shed $56 billion in market value following Anthropic's tool release, sparking investor fears over AI disruption to traditional outsourcing models. While the Nifty IT Index faces its worst month since March 2020, analysts debate whether generative AI poses an existential threat or a transformative opportunity for companies like TCS and Infosys.

Business24 sources

Indian IT Stocks Lose $56 Billion as AI Disruption Fears Test Sector's Resilience

Business24 sources

Google offers exit packages to employees as it doubles down on AI-first strategy

Google has launched its third voluntary exit package in less than 12 months, targeting employees in its Global Business Organization who may not align with the company's accelerating AI-first strategy. Chief Business Officer Philipp Schindler told staff the industry pace is electric and stakes are high, offering severance to those uncomfortable with the transformation despite Alphabet reporting record $402.8 billion revenue.

Business2 sources

Google offers exit packages to employees as it doubles down on AI-first strategy

Business2 sources

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

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