AI could trigger a layoff trap that even smart CEOs can’t escape
Economists are warning that AI could push companies into a wave of layoffs that…
Bernie Sanders asked the leading AI CEOs to pause development. Read his letter.
"Pause AI development," Sanders wrote. "Stop building machines that humans cannot control."Read Sanders' full…
N729bn bond clears first slice of N4trn owed to generating companies
The Federal Government has raised N728.9 billion through a bond to settle debts owed…
Corporate America is putting its staff in layoff limbo
Some companies are giving an unusual kind of layoff warning: Cuts are coming, though…
Nigerians paying more for services not rendered – Falana
Human rights lawyer, Femi Falana, SAN, has said that Nigerian citizens are paying more…
Mark Zuckerberg says he doesn’t buy the anxiety about AI-related job displacement
Meta CEO Mark Zuckerberg doesn't buy the fear about AI job displacement. "I think…
Western defense companies are looking to Ukrainian firms for lessons on how to build in wartime conditions
Western arms makers are increasingly working with Ukrainian weapons companies, looking to learn from…
Companies with huge datasets can save up to 80% in AI costs by using open-weight models: Hims CEO
One executive is touting open-weight models, especially if your company produces lots of data.In…
VC firm Bessemer now has another $5.75B to invest in (what else?) AI
Bessemer Venture Partners announced on Wednesday that it has raised $5.75 billion across two…
Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues
Companies are burning through exorbitant sums of money to keep pace in the AI…
CAC begins enforcement of company letter rules August 1
The Corporate Affairs Commission (CAC) has announced that it will begin enforcing statutory requirements…
Hugging Face CEO says AI companies should be required to disclose hacks after OpenAI breach
We need compulsory disclosures for AI cyberattacks, says the CEO of Hugging Face.In an…
Trump said the US government has reached a deal to secure 65 billion barrels of oil reserves in Venezuela
Donald Trump said the US has secured majority control of more than 65 billion…
Only 6% of marketers say AI is paying off in a big way. Here’s what the winners are doing.
Now comes the awkward question: Is it actually paying off yet?The answer is largely…
Companies laying off staff this year include Meta, Amazon, and LinkedIn — see the list
More than 30 companies have laid off employees so far in 2026, continuing the…
Are you a consultant? Tell us how much you’re spending on AI these days.
Companies are learning that there's such a thing as spending too much on AI.As…
