Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation

Standard Chartered says that it will trim a huge number of positions from its back offices in a bid to increase automation.
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Intel tells PC makers to adopt 18A CPUs or lose their supply, report claims — Intel 7 supply dries up, pressuring notebook and PC manufacturers in the US, China, and Taiwan

Intel has redirected its constrained Intel 7 capacity toward server and industrial customers.

Jury throws out Elon Musk’s lawsuit against OpenAI after less than two hours of deliberation — Unanimous vote that Musk filed the lawsuit too late

A federal jury in Oakland, California, on Monday unanimously rejected every claim in Elon Musk’s lawsuit against OpenAI.
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College students drown out AI-praising commencement speeches with boos — ‘deal with it’ one speaker fires back as students heckle positive pitches for AI’s role

Ex-Google CEO Eric Schmidt found himself booed and jeered as he gave the commencement address at the University of Arizona, telling the students AI will “shape the world.”
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Record-high pricing pushes SSD and memory makers to borrow $880 million just to afford buying chips — Adata, TeamGroup, and others take on substantial debt to survive shortages

Adata is the largest single borrower in the group, having completed a NT$2 billion convertible bond issuance and secured NT$12 billion in bank loans.
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China says ‘world’s first’ offshore wind-powered underwater data center has entered full operation, houses 2,000 servers — 24 megawatt subsea AI facility uses ocean water for passive cooling and offshore wind for power

China has begun full operations at a 24 MW underwater AI data center off Shanghai’s coast, using offshore wind power and seawater cooling to reduce energy consumption and improve efficiency
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Samsung granted court injunction against imminent strike action in last-minute reprieve — talks resume as unions barred from occupying or locking facilities, obstructing workers

Samsung has been granted an injunction to limit the scope of planned strike action ahead of an 18-day walkout due to start on Thursday.
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Samsung meeting transcripts show memory workers offered incredible 607% bonus worth $477,000, while logic chip staff get as little as 50% — union says misbalance ‘creates a retention crisis the company cannot afford’

Internal Samsung wage negotiation transcripts show the company proposed bonuses of 607% of annual salary for its memory chip division in March.
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ASML to equip India’s first commercial chip fab — $11 billion Dholera project targets 50,000 wafers a month

ASML and Tata Electronics have signed a memorandum of understanding to deploy ASML’s equipment at India’s first fab.
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LinkedIn user hides AI prompt injection in bio to force recruitment spam to be sent in Olde English prose — bots also manipulated to address user as ‘My Lord’

One LinkedIn user has fought back against recruiter spam in a very unusual way.

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