Tesla laying off 10% of workforce and Adobe is partnering up with OpenAI 🤝

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Without further ado, here’s you scoop below👇

📉Tesla lays off 14,000 employees

• Tesla recently announced major layoffs, affecting around 14,000 employees, or over 10% of its global workforce. The cuts were made in response to financial challenges stemming from an ongoing EV price war, which has narrowed Tesla's profit margins. Read more

💲Elon is at war with bot farms

• Elon Musk plans to introduce a small fee for new X users to enable posting on the social network, aiming to curb the problem of bots. Musk believes that charging a fee is the "only way" to stop the surge of bots, as current AI and troll farms can easily bypass anti-bot verification methods. Read more

🤝 Adobe is partnering up with OpenAI

• Adobe plans to allow third-party generative AI tools, such as OpenAI's Sora, within its widely used video editing software, Premiere Pro. This integration would enable features like filling in parts of a scene with AI-generated objects or removing distractions without manual editing. Read more

💰 Microsoft investing $1.5B in AI firm

• Microsoft is investing $1.5 billion in UAE-based artificial intelligence firm G42, gaining a minority stake and a seat on its board. This move deepens ties between the companies in the global battle for tech dominance. Read more