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Oracle Cuts Jobs for AI Expansion; Liberal Party Eyes Social Media Age Restriction

Oracle Microsoft Google AI cloud computing Liberal Party Canada social media ChatGPT Virtus Artificial Intelligence & Technology Opportunities Fund DTU TimesPro academyEX New Zealand

Oracle is implementing workforce reductions to reallocate resources towards AI and cloud computing initiatives, aiming to better compete with industry giants such as Microsoft and Google, according to a report by Reuters. The shift involves eliminating some existing roles while simultaneously hiring for positions requiring expertise in machine learning and data science, though the exact number of jobs cut was not disclosed

Liberal party members in Canada have voted to establish a minimum age of 16 for social media access and to prohibit individuals under 16 from using AI chatbots like ChatGPT, according to CBC News. While the votes are non-binding, they indicate pressure on the government as it develops online safety legislation.

The Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) experienced a substantial surge in short interest during March, increasing by 119.2% to reach 34,954 shares as of March 31st, up from 15,945 shares on March 15th, according to a report on DefenseWorld.net. The fund's average daily trading volume is reportedly 95,746 shares.

Delhi Technological University (DTU) and TimesPro have partnered to launch a six-month AI certificate program tailored for working professionals, as reported by Business Standard. The program will cover machine learning, deep learning, and generative AI, incorporating hands-on projects utilizing Python, TensorFlow, and PyTorch, plus include a campus immersion component.

academyEX, a postgraduate institute based in Auckland, has initiated a national program intended to enhance AI capabilities across New Zealand businesses and extend these benefits to charities, reported Scoop.co.nz. Specific details regarding the program's funding or participation metrics were not provided.

An article appeared on TechAnnouncer titled "AI Business Insider: Navigating the Future of Artificial Intelligence". The piece broadly discusses the pervasive nature of AI in various facets of modern life.

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