Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

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While technical and regulatory challenges make producing electricity for Earth difficult, Alkalai, a fellow at the Caltech-managed Jet Propulsion Laboratory, was struck by the idea of using the design to power space-based processors. (Aetherflux, a space solar power startup, has had a similar realization.)

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Rightmove topped the leaderboard in early trade, after its results enthused investors. It saw a 9% uplift in revenues as estate agents upped spend on the portal’s extra services to keep homebuyers engaged. Rightmove is trying to move with the times, by dramatically increasing spend on AI innovations. The scale of the spend, with a bulk of a £60 million investment due to be spent on the technology over the next three years, had caused jitters among shareholders. However, now that revenues are showing some signs of keeping up with the company’s ambitions, it’s helped quell some concerns.

[ITmedia N