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AI & Enterprise

Microsoft starts developing new AI agent to counter Anthropic's Cowork

Microsoft is closely watching Anthropic after it unveiled Cowork, an AI tool designed to support work-related tasks across various enterprise applications, from office apps to Slack. The Information reported that Microsoft product leaders have described Cowork internally as a competitor to Microsoft 365 Copilot. Some Copilot leaders worry Cowork could be ahead in creating Excel spreadsheets and PowerPoint materials and have urged staff to keep improving Copilot.

AI & Enterprise

Factify raises $73 million seed to develop document format to replace PDF

Factify raised $73 million in seed funding and is developing a document format intended to replace PDFs, SiliconANGLE reported on Jan. 28. The round was led by Valley Capital Partners and included John Giannandrea, Ken Moelis and Peter Brown. Factify is building document infrastructure in which files have their own IDs, access rules, version histories and intelligence for automatic updates. The company is targeting document-heavy regulated industries and plans to expand engineering and intelligence features.

AI & Enterprise

Amazon to cut 16,000 jobs, slim organisation and focus AI investment

Amazon is launching another large-scale round of layoffs, targeting about 16,000 full-time employees, CNBC reported on Jan. 28. It is the second mass layoff in 16 months. The company said the move is meant to strengthen an anti-bureaucracy stance and focus investment in AI. Amazon previously cut 14,000 jobs in October last year and signalled further reductions. An HR executive said this is not a sign of regular restructuring.