Professional roles increasing as tech sector records uplift

Professional roles increased by 8.6 percent globally in October 2024 (compared with the previous month of September). In particular technology, media and telecoms reported a 14.2 percent growth in jobs. Increased were also seen in retail, consumer goods & services (+29.3 percent), basic materials (+15.1 percent) and healthcare (+12.7 percent). Nationally, Mexico leads the way […]

Layoffs in the technology sector reach a new high

As layoffs continue to shake the technology sector, a new report reveals the tech companies that have slashed the most jobs in 2024 so far. Data shows that in the UK, at least 6,036 employees in tech companies have lost their jobs since January. The firm BestBrokers has aggregated data on layoff announcements from global gaming companies using TrueUp, an IT […]

Meta unveils AI tie-up with horror movie producers

Tech giant Meta has unveiled a partnership with horror film production company Blumhouse to road-test its latest AI video tool. The program, known as Movie Gen, was announced earlier this month though Meta said it was still being developed and would not be added to publicly available products until next year. On Thursday, Meta announced […]

OpenAI raises $6.6bn in funding, is valued at $157bn

OpenAI has raised $6.6bn (£5bn) in a funding round that values the artificial intelligence business at $157bn, with chipmaker Nvidia and Japanese group SoftBank among its investors. The San Francisco-based startup, responsible for the ChatGPT chatbot, did not give details of a reported restructuring that will transform it into a for-profit business. The funding round was led […]

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