WiseTech begins layoffs of 2,000 employees as AI replaces manual coding

University graduates are booing and heckling corporate executives who praise AI during their commencement ceremonies, and the only people who seem to be genuinely surprised by this are the executives themselves. In a procession of viral videos, 2026 commencement speakers like former Google CEO Eric Schmidt face loud and sustained jeers from students after praising AI and describing the technology as both inevitable and mandatory. The videos have clearly struck a chord among young people entering a bleak job market in an increasingly unstable world. "They deserve everything they're getting," Penny Oliver, who recently graduated with a poli … Read the full story at The Verge.

OpenAI beat Anthropic by $1B in Q1 revenue, but stalled user growth, losses, and Anthropics SpaceX deal complicate the AI IPO race. The post OpenAI tops Anthropic revenue by $1 billion in first quarter even as user growth stalls appeared first on Crypto Briefing.

Spotify is partnering with Universal Music Group to let Premium subscribers create AI-generated song covers and remixes, with participating artists receiving a share of the revenue.

AI's transformative economic impact may be delayed, necessitating cautious investment strategies and awareness of systemic financial risks. The post Bank of England’s Bailey warns AI benefits may take time to emerge appeared first on Crypto Briefing.

The delay in signing the AI executive order creates uncertainty for tech companies, potentially hindering strategic planning and compliance efforts. The post White House delays ceremony for Trump to sign AI executive order appeared first on Crypto Briefing.

California's proactive AI job displacement strategy highlights the need for systemic workforce adaptation, influencing global economic policies. The post Gavin Newsom signs executive order to address AI job displacement appeared first on Crypto Briefing.

Storytelling is core to humanity’s DNA, stemming from our impulse to express ideals, warnings, hopes, and experiences. Technology has always been woven through the medium and the distribution: from early humans’ innovation of natural pigments and charcoals for cave paintings to literal representation by the camera. The landscape of storytelling continues to shift under our…

AI-driven filmmaking could revolutionize the industry by drastically reducing production costs, potentially reshaping economic models and accessibility. The post Higgsfield AI debuts fully AI-generated film ‘Hell Grind’ at Cannes appeared first on Crypto Briefing.