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(Futurism) - A new study from Gartner immediately caught our eye. As Fortune reports, the research and advisory firm surveyed 350 global business executives whose companies are pulling in at least $1 billion annually to investigate whether all these AI layoffs are paying off in the real world.

The first takeaway is that the trend is real, with a total of 80 percent admitted to trimming their human staff to make investments in AI or autonomous technology. But they say they had no idea if AI would actually generate any benefits — they were simply buying into the promise of automation via AI.

That’s where things get interesting. The Gartner survey found that execs who slashed staff to invest in AI have seen the same financial gains as those who held onto their employees. In othe words, attempting to replace workers with AI isn’t showing any detectable returns for these companies.

And to make matters worse, many of these businesses specifically reduced their headcount to free up the cash needed for AI technology, meaning they sacrificed valuable institutional knowledge and employee goodwill for nothing. Read more

AI News

Robotics company Figure has announced a significant milestone: its humanoid robots have successfully completed an 8-hour autonomous shift in a factory setting. This achievement marks a major step forward for embodied AI and practical robotics, demonstrating the increasing capability of intelligent machines to perform sustained, complex tasks in industrial environments without human intervention.

Sources: AI Valley

China is making an aggressive push to develop its own domestic AI chip capabilities, signaling a strategic move towards self-reliance in advanced technology. This intensified focus comes as NVIDIA's H200 chip export approvals to China reportedly remain stalled, highlighting ongoing geopolitical tensions and the race for technological supremacy in artificial intelligence hardware.

Sources: The Daily Bite by Snack Prompt, Superintelligence

In a significant market shift, Anthropic has reportedly surpassed OpenAI in enterprise spending for the first time. This development, alongside observations that Google's Gemini is gaining ground and OpenAI's overall lead is narrowing, underscores a rapidly intensifying competitive landscape within the AI industry as major players vie for dominance in the corporate sector.

Sources: AI Ready, Superintelligence

Reports indicate that the much-anticipated partnership between OpenAI and Apple has begun to sour. While specific details are scarce, this development suggests potential hurdles in integrating advanced AI capabilities into Apple's ecosystem, a move that was expected to significantly shape the future of consumer AI and tech integration.

Sources: The Neuron

Mercedes-Benz significantly accelerated its COBOL modernization project, reducing an 8-month timeline to just 8 days, by deploying Cognition AI's autonomous coding agent, Devin. The technology is now used across Mercedes engineering teams globally and is gaining traction with other major enterprises like Goldman Sachs and the US Army.

Sources: AI Ready

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