Title: Cisco Systems to Cut 5% of Global Workforce, Blames Tough Economic Climate

In response to challenging economic conditions, Cisco Systems plans to cut 5% of its global workforce, totaling over 4,000 job losses. The company cites a shift towards AI and partnership with Nvidia as drivers for the layoffs. This move aligns with broader industry trends, with numerous tech firms announcing workforce reductions amidst economic challenges.

Former Apple Engineer Sentenced for Stealing Autonomous Car Data

Former Apple engineer Xiaolang Zhang sentenced to 120 days in prison and fined $146,984 for stealing ‘Project Titan’ autonomous car data. After jail, he faces three-year supervised release. Zhang was caught transferring schematics and manuals to his wife’s laptop before attempting to flee to China in 2018.

Meta to Label AI-generated Content on Facebook, Instagram

Meta, parent company of Facebook, Instagram, and Threads, unveils a policy to mark AI-generated images as “imagined with AI.” It includes visible markers and embedded metadata. Nick Clegg, Meta’s president, stresses the need for user disclosure and penalties for non-compliance. Government regulation discussions ongoing amid praise for Meta’s proactive step.

OpenAI Surpasses $2 Billion Revenue Mark, Eyes Doubling in 2025

OpenAI, supported by Microsoft, reached a $2 billion revenue landmark in December, aiming to double this in 2025. The surge is driven by growing business interest in their generative AI tools. Annual revenue hit $1.6 billion in December, led by ChatGPT. Investors value the startup at over $80 billion. Talks with UAE investors for tech […]