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Taylor Swift at a premiere of "Taylor Swift : The Eras Tour" in Los Angeles, California, in October 2023.
REUTERS/Mario Anzuoni
January 30, 2024
8,000: Tech companies are slashing jobs to invest in AI. The German software firm SAP announced it plans to cut or restructure 8,000 jobs — training some of the employees to work alongside AI.
3 trillion: SAP isn’t alone: Microsoft cut 1,900 jobs from its video game business just as AI has pushed its market capitalization past the $3 trillion mark. Yes, Microsoft, which has spent $13 billion investing in OpenAI in addition to its internal work on AI, is the most valuable company in the world.
800 million: Facebook parent company Meta announced it is building an $800 million data center in Jeffersonville, Indiana, to support its AI efforts. We detailed Meta’s controversial ambitions to build open-source AGI, or artificial general intelligence, in last week’s newsletter .
90: News companies are pushing back against AI companies training their models on their articles — at least not without proper payment. More than 90% of top news organizations, according to one estimate, have protections in place to stop data collection bots.
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