Cisco plans to lay off employees and shrink its real estate footprint in the coming year in an effort to “rebalance” its business, the company said in a filing Wednesday. The layoffs will impact 5% of Cisco’s 80,000 employees, a spokesperson said in a statement to The Information, meaning roughly 4,000 people will be affected. The announcement came as Cisco reported first-quarter earnings...
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How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI, the startup Microsoft funded in exchange for the right to use its cutting-edge technology. But as the costs of running advanced AI models rise, Microsoft researchers and product teams are working on a plan B. In recent weeks, Peter Lee, who oversees Microsoft’s 1,500 researchers,...
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