Pauses

Moor Studio via iStock/Getty Images Plus | ZDNETIs this the future that experts (and sci-fi movies) warned us about? Artificial intelligence, at the center of tech discussions since the launch of the widely popular ChatGPT last fall, has the power to automate at least some jobs, according to reports. "Some jobs" translates to 7,800 for IBM. Also: ChatGPT's popularity with students slices Chegg's stock nearly in halfIBM CEO Arvind Krishna said in an interview with Bloomberg that the transition won't be immediate. The…

IBM decided to announce layoffs in January that would effect 3,900 positions—or roughly 1.5% of the company’s staff at that time.Image: Laborant (Shutterstock)I have no mouth and I must scream—the AI workforce appears to be full steam ahead. IBM CEO Arvind Krishna said that the company is planning to pause or slow hiring in the coming years for roles in which AI could replace humans.Maybe AI-Written Scripts are a Bad Idea?Krishna spilled the beans to Bloomberg in an interview, explaining that the slowdown or freeze in…

The Enforcement Directorate (ED), days after probing premises linked to Byju’s for alleged Foreign Exchange Management Act (FEMA) compliance issues, is planning to approach its lenders to seek more details on the edtech major's funding and loan transactions. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Govt may release first draft of Digital India Act soon■ Homegrown dating apps swipe right on Indian market■ Demand for tech talent is growing at non-tech companies: report ED to seek details on…

Card payments major Visa has paused its single-click checkout service in India amid the Reserve Bank of India’s attempts to make digital payments safer for customers. This and more in today’s ETtech’s Morning Dispatch.Also in this letter:■ Efficiency, cost optimisation in focus in FY24: HCLTech CEO■ The ‘great reset’ for Indian SaaS is here■ Govt working to clamp down on ponzi apps: FM SitharamanVisa pauses single-click checkout for Indian ecommerceCard payments company Visa has paused its single-click checkout service…

Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on April 18, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesSouthwest Airlines briefly paused its departures on Tuesday after reporting technical problems, delaying flights around the country.The Federal Aviation Administration said the ground stop had been lifted, but many flights were still delayed. As of shortly after 11 a.m. ET, more than 1,500 flights, or 36% of Southwest's schedule, were delayed, according to…

Boeing Co. said it was pausing deliveries of some 737 MAX jets because of incorrectly installed parts, disrupting an important business line as the plane maker seeks to improve its finances. The company said Thursday there would be a significant impact on near-term deliveries of the 737 MAX 7, 737 MAX 8 and larger MAX 8-200 jets, as well as the P-8 military reconnaissance planes that are also based on the 737. Boeing Co. said it was pausing deliveries of some 737 MAX jets because of…

Satellite launching company Virgin Orbit is starting an "operational pause" and furloughing most employees except for a skeleton crew, CNBC has reported. The company is reportedly seeking new investors to relieve financial pressure and plans to give "an update on go-forward operations in the coming weeks," a spokesperson said in a statement.  Companies like SpaceX launch heavy rockets from the ground to get satellite payloads in orbit. However, Virgin Orbit carries smaller rockets to a height of about 35,000 feet on the…

Richard Branson's Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019.Mike Blake | ReutersVirgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline, people familiar with the matter told CNBC.Company executives briefed staff on the situation in an all-hands meeting at 5 p.m. ET on Wednesday, according to people who…

Meta has announced that it will temporarily halt bonus payouts for creators on its video-sharing platform, Reels. The decision is due to the company’s effort to invest more in building features and tools that will improve the overall experience for Reels users. What’s happening. The pause on bonus payouts will affect Reels creators who have received payments for reaching specific milestones or for producing content that resonates with audiences. However, this does not mean that creators will not be able to earn money…

Remember when Amazon turned the United States into Thunderdome, making every state battle over the right to host the company’s next big headquarters and 25,000 jobs? Well, after laying off more than half that number, Amazon is tapping the brakes on HQ2 in Virginia, putting off construction of three 22-story office towers. The news was first reported by Bloomberg. The first phase of construction, called Metropolitan Park, is nearly complete and will host some 8,000 employees when it opens in June — assuming the new…