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Bank of America study warns AI could upend millions of U.S. jobs

Artificial intelligence is poised to significantly reshape the U.S. labor market, with certain professions more exposed than others, according to a new report from Bank of America. The research underscores that jobs involving repetitive or routine functions—whether mental or physical—are the most susceptible to disruption.

Tags: AI

Google expands Gemma family with compact 270M variant

Google introduces Gemma 3 270M, a new compact AI model with 270 million parameters that companies can fine-tune for specific tasks. The model promises significantly lower operating costs than larger alternatives.

Gemma 3 270M is the latest addition to Google’s open source AI model series. With 270 million parameters – 170 million for embedding and 100 million for transformer blocks – the model has been specially developed for task-specific fine-tuning. The large vocabulary of 256,000 tokens ensures that the model can also handle specific and rare terms well.

Tags: AI

India's TCS layoffs are the first signs of AI disruption in the global outsourcing sector

Tata Consultancy Services (TCS) last week announced plans to reduce its workforce by some 12,200 middle and senior management positions, around 2% of its total headcount, in what the company described as a response to skill mismatches.

Tags: AI

As nations build ‘sovereign AI,’ open-source models and cloud computing can help, experts say

As artificial intelligence becomes more democratized, it is important for emerging economies to build their own “sovereign AI,” panelists told CNBC’s East Tech West conference in Bangkok, Thailand, on Friday.

In general, sovereign AI refers to a nation’s ability to control its own AI technologies, data and related infrastructure, ensuring strategic autonomy while meeting its unique priorities and security needs.

Tags: AI

McDonald's scraps AI drive-thru

McDonald’s will shelve the AI drive-thru systems it has been testing at more than 100 locations in partnership with IBM after videos surfaced showing customers struggling to order with them. 

Tags: AI