Tata Consultancy Services plans to lay off over 10,000 staff as part of its strategy to become future-ready, focusing on investing in new technologies, entering new markets, and deploying AI at scale. Most remaining employees, over 80 percent, will receive pay rises, although management will not benefit from these increases. Meanwhile, Huawei has announced it will open source its CANN software, which serves as a parallel processing alternative to Nvidia's CUDA, thereby aiming to cultivate a developer community for its Ascend GPUs. Additionally, China's government has initiated a policy to advance brain/computer interface technology, targeting significant breakthroughs by 2027 and expecting to host leading companies in the field by 2030.
Tata Consultancy Services announced it will lay off over 10,000 staff while providing pay rises to over 80% of remaining employees as part of strategic initiatives.
Huawei's CANN software, an alternative to CUDA, will be open sourced to foster application development on Ascend GPUs, aiming to build a developer community.
China's policy aims to develop brain/computer interfaces by 2027, establishing advanced technical and industrial systems and hosting leading companies by 2030.
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