Monthly Archives: May, 2023

IBM is pausing a potential hiring push and looking to embrace the future of Artificial Intelligence (AI). A report suggests that 7,800 of open roles may be placed on hold, news first coming from Arvind Krishna, the company's CEO. AI is predicted to take up 30% of non-customer-facing roles in the next five years. While it's unclear what effects this will have on the workforce, many jobs look to be still safe. Dropbox looks towards AI specialists for potential redundancies. IBM is a cornerstone of the tech world, with a tradition spanning over a century.

Autonomous vehicle technology continues to pique the interest of strategic investors, as evidenced by Woven Capital's recent investment in Israeli startup Foretellix. Foretellix provides the necessary tools to validate and verify their automotive products so they can be commercialised and scaled. CEO Ziv Binyamini will use this $43 million investment to further develop their offerings and expand globally.

Discover robotics and AI from Underfitted, a YouTube channel for enthusiasts. Underfitted recently developed their Boston Dynamics Spot robots to reach the next level of integration with ChatGPT for voice commands. Get real-time detailed data from these robots with mission logs -all without lifting a finger. Get ahead of the robotics revolution with Underfitted, the MIT grad and roboticist at the helm.

Researchers at the University of Texas have developed an AI tool to translate people's thoughts into written text, with improved accuracy and real-time response. This novel technology opens up communication pathways for people with motor neuron disability and stroke victims. No brain implants are required! Read the study from Nature Neuroscience to learn more about this breakthrough and its potential uses.

Chegg reported quarter results on Monday and shares declined post-earnings. Artificial intelligence (AI) and ChatGPT are now the major risks that threaten the company's customer growth. Jefferies downgraded the stock to "hold" from "buy" & recommend investors to reconsider their exposure to Chegg.Source: The Company & Jefferies