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AI Division Downsized Amid Strategic Shift | Venice Beach News
Description
A major tech giant shocks the industry by slashing AI R&D, laying off 500 employees as it pivots to prioritize immediate business needs. While some applaud the cost-cutting move, others worry about innovation and job losses in AI. The company insists this is a strategic refocus—not a retreat—keeping key projects alive but scaling back ambition. The ripple effects could reshape the tech landscape as the company repositions for a tougher economic climate.
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