Dado Ruvic/Reuters Nvidia, the world’s most valuable company, has gone on the defensive against sceptics of its US$4.5-trillion valuation, down from an historic $5-trillion, by waging an information campaign on Wall Street and social media. Last week, the company issued a detailed memo to sell-side stock analysts with a point-by-point rebuttal of claims made by…
More companies are announcing AI-driven layoffs from Salesforce to Accenture. Twenty20 From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. But critics say AI has become an easy excuse for firms looking to downsize. Last month, tech consultancy firm Accenture announced a…
Tesla’s US$1-trillion, 10-year pay package to retain CEO Elon Musk is likely to be approved by shareholders at the company’s annual meeting in November even though the amount is staggering. That is because it was crafted with an eye on keeping Musk in place, addressing concerns about the company’s technical outlook and giving big company…
The State IT Agency (Sita) has said that recent regulatory changes giving government departments the option to procure IT services from entities other than itself have been misinterpreted. In a statement, Sita spokesman Tlali Tlali said government departments are still required to approach Sita first for their IT needs, with the option to procure services…
