big tech - Tech News from Simmons Systems

Tech News from Simmons Systems

big tech

A collection of 151 posts

AI Giants Pledge to Pace the Frontier, Critics Cry Antitrust

Some of the most powerful figures in artificial intelligence — OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Google DeepMind cofounder Demis Hassabis, and SpaceX head Elon Musk — loosely agree over the weekend to slow down AI development. The leaders sign on, at least in part, to a proposal that calls

artificial intelligence

Tech Giants Scramble to Defuse Mounting Public Opposition to AI

Major technology companies are racing to counter a growing backlash against artificial intelligence, according to a Wall Street Journal report. The industry faces intensifying criticism from the public, lawmakers, and other groups concerned about the technology's rapid and largely unchecked expansion into everyday life. The report describes the

Google Invests $300 Million in Anthropic Amid Intensifying AI Race

Google takes a 10% stake in Anthropic, valuing the ChatGPT rival at $5 billion. The deal signals a fierce Big Tech competition following Microsoft's massive OpenAI investment.

artificial intelligence

Experts Predict Steady AI Growth With Modest Economic Impact in 2026

A new collection of 17 expert forecasts anticipates continued rapid improvements in AI models and massive corporate spending, but warns that the broader economy will not feel the full effects just yet.

OpenAI Drops Restrictive Nondisparagement Clause Tied to Employee Equity

OpenAI officially scraps a controversial exit agreement that forces departing employees to choose between their vested equity and their right to criticize the company. CEO Sam Altman expresses embarrassment over the provision as the AI firm faces multiple public relations challenges.

OpenAI Sora Brings Hollywood-Level Text-to-Video Generation to Reality

OpenAI unveils Sora, a groundbreaking text-to-video AI model capable of generating highly detailed 60-second HD videos from simple text prompts. This new technology brings the film industry closer to a future where a single person can create entire feature films.

US Senate Advances Bipartisan AI Regulation Framework in Dual Hearings

US Senators hold dual hearings to outline a new bipartisan framework for AI regulation, proposing licensing for high-risk systems and an independent oversight body. Lawmakers express urgency to pass legislation before the end of the year to avoid repeating past mistakes with social media.

US Senate Hearings Reveal Bipartisan Blueprint for AI Regulation

US Senators outline a new bipartisan framework for AI regulation, proposing a licensing regime for high-risk developers and an independent oversight body. Lawmakers express urgency to pass legislation before the end of the year to avoid repeating past mistakes with social media.

Congress Urged to Address Big Tech Data Worker Abuse in New Letter

Data workers and the DAIR Institute praise a recent congressional letter that challenges major tech companies over the unfair treatment of their shadow workforce.

Congress Urged to Hold Big Tech Accountable for Data Worker Abuse

Data workers and the DAIR Institute praise a new congressional letter that targets exploitative labor practices by major tech companies relying on shadow workforces.

Microsoft Dissolves AI Ethics Team Amid Rapid OpenAI Integration

Microsoft eliminates its entire Ethics & Society team as part of broader layoffs, raising concerns about the safety of its accelerated AI product rollout.

Microsoft Dissolves AI Ethics Team Amid Major OpenAI Push

Microsoft eliminates its entire Ethics & Society team as part of broader 10,000-employee layoffs, raising concerns over the safety of its rapid AI integration.

Big Tech Earnings Reveal Clear Market Winners and Losers

The latest Big Tech earnings reports highlight a sharp divergence among industry giants, separating the top performers from the struggling laggards. Investors are quickly reallocating capital based on who demonstrates the strongest AI integration and growth.

Major Tech Firms Slash Jobs and Freeze Hiring Amid Recession Fears

Big Tech companies like Amazon, Apple, and Meta are implementing hiring freezes and layoffs as they prepare for a potential economic downturn. The industry pullback comes as the Federal Reserve continues to raise interest rates to combat high inflation.

Major Tech Stocks Plummet as Growing Recession Fears Rattle Market

Big technology companies experience significant stock declines as investor anxieties over a potential economic recession intensify. This market downturn forces IT leaders to reconsider their financial strategies and upcoming technology investments.