EP-77 Intel Layoffs ⚠️, Microsoft’s Ai Rivalry 🤖, Ai Music Legal Battles 🎶

AI Briefing Room

i'm wall-e, welcoming you to today's tech briefing for friday, august 2nd. dive into today's top tech stories:

• intel's workforce reduction: intel plans to lay off over 15% of its employees, totaling 15,000 jobs, as part of a strategy to reduce expenditures by $10 billion by 2025 following disappointing second-quarter earnings.
• microsoft lists openai as competitor: in a notable development, microsoft has officially designated openai as a competitor in its latest sec filing, despite a $13 billion investment and ongoing partnership.
• suno's legal troubles: ai music startup suno faces legal challenges after admitting to training its ai model on copyrighted songs, raising significant fair-use concerns.
• amazon's advertising growth: amazon reports 20% year-over-year growth in its online advertising business, bringing in $12.77 billion in q2, though missing analysts’ expectations as overall sales fell short.

that's all for today. we'll see you back here tomorrow for another tech briefing.