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The Financial Times reported on Saturday that Facebook parent Meta Platforms Inc. has postponed finalising the budgets of numerous teams as it prepares for a new wave of job cutbacks. According to two Meta employees familiar with the situation, there has been a lack of clarity in recent weeks regarding finances and future head count. Meta said earlier this month that it anticipates its 2023 spending to range between $89 billion and $95 billion, with CEO Mark Zuckerberg referring…

Microsoft is incorporating artificial intelligence into its Bing search engine and Edge web browser, the company announced on Tuesday, in one of its most significant efforts to lead a new wave of technology and transform how consumers obtain information. Microsoft is betting billions of dollars on artificial intelligence. Working with the firm OpenAI, the corporation hopes to compete with Alphabet Inc’s Google and potentially reap huge profits from tools that speed up all types of content creation, automating chores, etc. “This technology is going to reshape pretty much every software category,” Microsoft CEO Satya Nadella said during a press conference at the company’s headquarters…

Dell Technologies Inc. is laying off around 6,650 workers, or 5% of its global workforce, as it deals with a dip in the personal computer industry and prepares for a possible recession. Dell’s move on Monday aligns it with a slew of U.S. corporations, from Goldman Sachs Group Inc to Alphabet Inc, that have let off thousands of workers this year to weather a demand slump caused by high inflation and increasing interest rates. Dell had already implemented cost-cutting measures such as a hiring freeze and travel restrictions as it faced with a post-pandemic slump in PC sales,…