Bosch, one of the leading suppliers of automobile components, has announced plans to reduce its workforce by up to 1,500 positions across two of its factories in Germany by the year 2025. This decision comes as the company seeks to align its staffing levels with the changing demands and evolving technologies in the automotive sector.
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The report identifies renewable energy, transportation, and finance as key sectors for encouraging private sector-led accelerated growth. Romania can build upon the success of its burgeoning IT sector and further support the services sector by improving digital skills. The private sector can capitalize on recent global trends of relocalizing in the evolution of ecological value
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Meta and IBM have launched an AI alliance of over 50 companies and research institutions to promote open innovation and open science in AI. According to IBM News Room, to do that, the AI Alliance plans to start or enhance projects that meet the following objectives: To ensure open innovation in AI benefits everyone and
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Meta has been issued another official request for information from European Union regulators, urging the company to provide additional details regarding its actions in addressing child safety concerns on Instagram. This includes specific information on how Meta is addressing risks associated with the sharing of self-generated child sexual abuse material (SG-CSAM) on the social network.
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Tik Tok really wants to play nice with European regulators. Part of this strategy is to invest €12 billion in the construction of its previously announced data center in Norway. In recent years, the short-form social video platform has been trying to dispel the notion that it is solely tied to its parent company, ByteDance,
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The Competition and Markets Authority (CMA) has preliminarily concluded that Adobe’s proposed $20 billion acquisition of the cloud-based product design platform Figma would have a negative impact on the product design software market. Consequently, the authority has effectively halted the deal until concerns related to competition are addressed. The CMA said that the proposed deal,
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The New York Times reports that on Thursday, advertisers announced that they had no intentions to return X, the social media company formerly known as Twitter. This decision follows an incident where the platform’s owner, Elon Musk, insulted brands by using swear words and advised them against spending on the platform. A minimum of six
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OpenAI has reinstated Sam Altman as its Chief Executive Officer. This decision comes just a week after Altman was dismissed by the board of directors. The reinstatement is part of a broader restructuring that includes the formation of a new board of directors. The new board will be chaired by Bret Taylor, former Chief Executive
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Recent developments at OpenAI have taken a dramatic turn as shareholders, including major backers like Microsoft and investment fund Thrive Capital, are making efforts to overturn the dismissal of CEO Sam Altman. This move comes after a number of researchers announced their intention to leave the company in solidarity with Altman. According to Wall Street Journal,
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“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” the company board said in its blog post. “The board no longer has confidence in his ability to continue leading OpenAI.” In a post on X
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