Search results for Skilled AI
AI & Enterprise
LG CNS posts Q1 revenue of 1.315 trillion won; AI, cloud share rises to 58 percent
LG CNS said on Wednesday it posted first-quarter revenue of 1.315 trillion won and operating profit of 94.2 billion won. Revenue rose 8.6 percent and operating profit gained 19.4 percent from a year earlier. AI and cloud revenue increased 6.7 percent to 765.4 billion won, making up about 58 percent of total sales. The company said it is expanding data centre DBO projects, modular AI data centres and global business.
AI & Enterprise
AI boom reshapes U.S. corporate landscape as S&P 500 employment falls for first time in 10 years
Employment at major U.S. companies has turned to a decline as artificial intelligence spreads and firms pursue cost cuts and workforce redeployment. Total employment at S&P 500 companies fell to 28.1 million, down about 400,000 from a year earlier, marking the first annual drop since 2016. Layoffs have concentrated on white-collar roles, while some AI-related jobs command pay premiums. Companies are also cutting entry-level hiring and automating customer support and back-office work.
AI & Enterprise
Robot AI startup Skilled AI raises $1.4 billion with Nvidia, Samsung participating
Robot AI software company Skilled AI has completed a $1.4 billion funding round, SiliconANGLE reported on Tuesday. Investors include SoftBank, Nvidia\'s NVentures, Bezos Expeditions led by Jeff Bezos, Salesforce Ventures and Samsung Electronics. Skilled AI plans to use the funding to upgrade infrastructure for training AI models and to speed up commercial expansion. The company developed a robot-focused AI model called Skilled Brain that it says does not require training for specific robot hardware.