The biggest tech companies have announced mass layoffs blaming a slowing economy for the job cuts. Is the tech dream going to crash? Priyanka Sharma tells you more.
#techgiants #layoff #wion.
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Yet, it is a small percentage of its workforce.
Amazon.com Inc., one of the largest technology companies in the world with presence in ecommerce, advertising, video streaming and cloud computing, has announced that it will be laying off 18,000 workers as the company copes with the economic downturn in the future, The Wall Street Journal.
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Continue reading “Amazon to lay off 18,000 workers in largest tech company job cut” »
This past year, global attention has been focused on geo-strategic issues, such as the devastating war in Ukraine, which has dislocated many and caused immense suffering. Attention has also been focused on the recovery from the COVID pandemic, which was the overriding concern over the past three years. And finally, the economic destruction wrought by rapidly ramped interest rates which have targeted all sectors of the economy, particularly technology. But despite all this negativity, the business of building the future continues. There has been progress across major axes of computing, from visualization to AI and new types of processors (quantum).
With immense progress in technology, what might we look forward to in 2023?
Amazon is laying off 18,000 employees, the tech giant said Wednesday, representing the single largest number of jobs cut at a technology company since the industry began aggressively downsizing last year.
In a blog post, Amazon CEO Andy Jassy wrote that the staff reductions were set off by the uncertain economy and the company’s rapid hiring over the last several years.
The cuts will primarily hit the company’s corporate workforce and will not affect hourly warehouse workers. In November, Amazon had reportedly been planning to lay off around 10,000 employees but on Wednesday, Jassy pegged the number of jobs to be shed by the company to be higher than that, as he put it, “just over 18,000.”
As lidar company Luminar pushed ahead to meet its goals for 2022 — milestones that included locking in new commercial contracts with unnamed automakers and shipping production-ready sensors to SAIC — it also snapped up a small HD mapping startup called Civil Maps.
The acquisition, which was disclosed Wednesday during Luminar founder and CEO Austin Russell’s presentation at CES 2023, is more than just a large publicly traded company taking advantage of a consolidating industry. Although the timing couldn’t have been better due to the current economic environment, according to Russell.
For Russell, the acquisition is part of Luminar’s longer term vision to be more than just a lidar supplier. Mapping, specifically the mapping tech that Civil Maps created, is foundational to that goal, Russell said.
What an AI taught me about our future – a mind blowing podcast.
In this groundbreaking podcast, James Brauer interviews “Futurist”, an AI that specializes in forecasting the future of mankind.
Continue reading “What An AI Taught Me About Our Future — A Mind Blowing Podcast” »
The NEO Surveyor will be able to detect individual asteroid heat signatures.
NEO Surveyor is, as the name implies, a satellite specifically designed to survey objects near the Earth (NEO). One of its primary contributions will be to look for asteroids and other small bodies that are potentially on an eventual collision course with Earth but are invisible to typical NEO survey missions because of their location in the solar system.
Continue reading “NASA’s plan to identify dangerous asteroids takes a major step forward” »
face_with_colon_three Year 2022
As New York prepares for the imminent launch of legal adult-use marijuana sales, the governor has signed a bill aimed at expanding the state’s hemp market by promoting collaborative partnerships to identify more opportunities to utilize the crop and its derivatives for packaging, construction and other purposes.
Bill sponsor Sen. Michelle Hinchey (D) announced on Tuesday that Gov. Kathy Hochul (D) approved her legislation late last month. It would amend a section of New York’s agriculture law that deals with hemp economic development, mandating that the agriculture commissioner consult with additional partners on ways to incorporate hemp products into business operations throughout the state.
Check out all the on-demand sessions from the Intelligent Security Summit here.
The metaverse is becoming one of the hottest topics not only in technology but in the social and economic spheres. Tech giants and startups alike are already working on creating services for this new digital reality.
The metaverse is slowly evolving into a mainstream virtual world where you can work, learn, shop, be entertained and interact with others in ways never before possible. Gartner recently listed the metaverse as one of the top strategic technology trends for 2023, and predicts that by 2026, 25% of the population will spend at least one hour a day there for work, shopping, education, social activities and/or entertainment. That means organizations that use the metaverse effectively will be able to engage with both human and machine customers and create new revenue streams and markets.
Benjamin Franklin stated, “If you would not be forgotten as soon as you are dead and rotten, either write things worth reading, or do things worth the writing.”
MIT’s well-known late Director of Artificial Intelligence Laboratory, Patrick Winston, expanded upon this adage, saying, “Your success in life will be determined largely by your ability to speak, your ability to write, and the quality of your ideas. In that order.”
We are at a precarious point in human development, with the positive and negative impact of technology surrounding us as individuals and as a society. Technology has helped improve our living standards, extended our lives, cured diseases, fed our growing populations, and expanded our frontiers. But it has also helped create greater economic and digital divides, increased pollution and harm to our environment, and potentially endangered the intellectual development of our human population.
