Byju Raveendran, founder of Indian edtech giant Byju's, denies allegations of defrauding U.S. lenders of $533 million from a $1.2 billion loan, vowing to rebuild his empire despite rapid growth masking issues like unsustainable sales tactics and overspending.
A new database reveals over 120 court cases have been caught with AI-generated hallucinations, including fake citations and arguments, highlighting the legal risks of relying on generative AI for legal work without proper verification.
IBM laid off 8,000 employees, mainly from HR, as its AI platform AskHR automated 94% of routine tasks, but the company's total workforce grew as it reinvested in areas requiring human skills like engineering and sales, signaling a strategic pivot toward AI integration and workforce realignment.
Anthropic rolls out a beta voice mode for its Claude chatbot apps, allowing users to have spoken conversations with the AI assistant and enabling hands-free interactions while displaying key points on-screen and offering voice response options.
Wix, a leading web development platform, has acquired Hour One, a pioneering AI company specializing in generative AI media creation, to supercharge its web and visual design capabilities through scalable production of personalized videos and studio-quality content powered by AI and 3D rendering.
A panel of health leaders warns that by 2050, an alarming 1.3 billion people could have diabetes and over 5 billion may be insulin resistant, but AI technology tracking food composition and personalized health data offers hope for prevention and early intervention.
Salesforce, a leading customer relationship management software company, is acquiring cloud data management firm Informatica in an $8 billion deal, paying $25 per share to bolster its push into artificial intelligence and enable autonomous AI agents to deliver smarter and safer outcomes.
President Trump's $500 billion Stargate Initiative aims to streamline regulations, promote AI innovation, integrate renewable energy, and maintain global AI leadership and national security, positioning companies aligned with these goals for a competitive advantage.
Meta knowingly exposed minors to online predators and harmful content on Instagram, with internal reports revealing nearly 2 million underage accounts were recommended to 'groomers' over 3 months despite executives' safety concerns.
ChatGPT and generative AI are disrupting academia as students exploit the technology for assignments and cheating, forcing educators to grapple with detecting AI use, setting policies, and assessing mastery in the AI era, while some see potential benefits if properly integrated.