
Oracle's workforce decreased by 13%, equating to approximately 21,000 employees, in the past year, a reduction attributed in part to the company's increased adoption of artificial intelligence, according to TechCentral.
AI summary. Verify with the original source.
Read full story at TechCentral ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories
According to Business Times, the aggregate value of private equity (PE) reached $154.6 billion in Q1 2026, marking a 12.6% increase, driven by AI equity rounds from companies like OpenAI and Anthropic. However, the total number of global transactions decreased by 22%, resulting in 614 deals during the same period.
Business Times (TZ)·April 30, 2026 at 8:19 PMAccording to Business Times, AI equity rounds, particularly involving companies like OpenAI and Anthropic, contributed to a 12.6% increase in private equity aggregate value, reaching $154.6 billion in Q1 2026. However, the overall number of global transactions decreased by 22%, totaling 614 deals during the same period.
Business Times (TZ)·April 30, 2026 at 8:22 PM
According to TechMoran, while cybersecurity firms are using Artificial Intelligence (AI) to improve threat detection, cybercriminals are also employing AI for automated phishing and malware attacks. A survey indicates that 43% of organizations believe hackers are utilizing AI-driven techniques to enhance their effectiveness. To mitigate these threats, companies are encouraged to implement AI-powered platforms instead of relying on isolated solutions.
TechMoran·June 18, 2026 at 11:10 PM
A new World Bank assessment indicates that artificial intelligence (AI) has the potential to reshape the global economy and enhance growth, particularly as global markets face challenges such as geopolitical tensions, declining productivity, and a fragile recovery from the pandemic. The report highlights the transformative impact of AI amidst these ongoing economic issues.
Business Times (UG)·June 23, 2026 at 12:31 PM
Tyms AI has launched a human-first AI platform designed to enhance the operations of medium and enterprise businesses. This platform integrates AI software and intelligent agents to manage daily tasks in areas such as finance, sales, marketing, and customer service, allowing teams to concentrate on more strategic, judgment-driven work.
TechJaja·June 11, 2026 at 12:55 PM
Investec, a dual-listed lender, is implementing Microsoft’s AI assistant for all employees in South Africa and the UK. This initiative aims to enhance productivity and streamline operations across the organization.
TechCentral·June 24, 2026 at 8:41 AM