world economic forum

Financial software giant Intuit is reportedly laying off nearly 17% of its global workforce, impacting around 3,000 employees. This significant restructuring, aimed at simplifying operations and boosting AI integration, follows recent partnerships with OpenAI and Anthropic. The move comes as Intuit, like other tech firms, pivots towards AI-driven efficiencies amidst broader industry layoffs.

Anthropic CEO Dario Amodei told WSJ at the world economic forum in Davos that software is heading toward being "cheap, maybe essentially free," warning that whole careers built around writing code may not survive the AI shift. The Anthropic chief executive also predicted SaaS incumbents leaning on code complexity as a moat could "go bust" as ServiceNow, Snowflake and Microsoft stocks slide and Anthropic eyes a $900 billion valuation.

In a show of diplomatic camaraderie, US Ambassador Sergio Gor and Singapore's High Commissioner Simon Wong extended their warm congratulations to Himanta Biswa Sarma as he embarks on his second term as Chief Minister of Assam. Ambassador Gor emphasized the robust commercial relationship between the US and Assam, highlighting opportunities in trade, agriculture, and energy.

Engineering remains a powerful career option, but AI has changed its terms. Routine coding is getting automated, entry-level work is being compressed, and the old B.Tech-to-job promise looks less secure. The opportunity now belongs to students who combine fundamentals, AI fluency, domain understanding and judgement — not those who treat engineering as just another coding degree.

Mid-career professionals in India are increasingly shifting to product management as it sits at the nexus of technology, business, and customer needs, offering strategic influence, growth, and innovation opportunities amid the rapid expansion of digital, tech-driven industries.

AI adoption is reshaping the job market, with significant tech job cuts reported and AI capable of performing a substantial portion of the US labor market's work. While AI automates tasks rather than eliminating entire jobs, younger workers in entry-level roles are disproportionately affected.

Gen Z is navigating a complex financial landscape, balancing early earning and investing with impulsive spending and trend-driven bets. While digitally savvy and embracing new tools, they often overlook essential safety nets like insurance. Experts urge a shift from quick gains to disciplined, long-term wealth building, splitting finances strategically for stability.

Maharashtra Day celebrations highlight the state's economic prowess, becoming the world's 30th largest economy with significant FDI attraction and job creation. The government is prioritizing agricultural resilience through water conservation and farmer support schemes, alongside ambitious infrastructure projects and initiatives to empower women and youth.

U.S. International Development Finance Corporation has invested ?90 crore in Nutrifresh Farm Tech as part of a planned ?400 crore funding, boosting Maharashtra’s agri-tech ambitions. Linked to a Davos MoU, the investment supports controlled environment agriculture, precision farming, and export supply chains. Backed by Devendra Fadnavis’s vision, the move signals rising global confidence in India’s agriculture sector amid shifting geopolitical and food security priorities.

SpaceX has cautioned investors that its ambitious plans for orbital AI data centers are in their nascent stages, facing significant technical hurdles and unproven technologies. The company's pre-IPO filing highlights the early development of these initiatives, emphasizing that commercial viability remains uncertain. Challenges include the harsh space environment and reliance on Starship's successful scaled development for future growth.

As AI integrates into daily life, preserving human sensitivity is paramount. Experts emphasise that empathy, moral judgment and emotional understanding, developed through lived experience, are crucial. Parents and educators must nurture these uniquely human qualities alongside technological literacy, ensuring children become resilient, ethical and well-rounded individuals prepared for a digital future.

In Odisha, Debal Deb champions agricultural heritage by safeguarding over 1,400 indigenous rice varieties. His initiative, Vrihi and Basudha, revitalizes ancient landraces, preserving genetic diversity crucial for climate resilience. This non-commercial exchange empowers farmers, ensuring these vital crops continue to adapt and thrive in changing conditions.

Anthropic CEO Dario Amodei is warning that AI could eliminate more than 50% of entry-level white-collar jobs within five years. But inside his own company, the picture looks different. Claude Code creator Boris Cherny says the software engineer job title is already dying — and Anthropic's Head of Growth says they can't hire enough PMs to keep up. The disruption isn't coming. It's already here.

Indian education's focus on academic marks is evolving, with creative disciplines now recognized for fostering essential life skills. Art, music, and drama cultivate emotional intelligence, imagination, empathy, and adaptability, preparing students for a world beyond exams. This shift aims to equip children with the confidence and resilience needed for future success.

As AI reshapes workplaces, not all jobs face equal risk. Research shows roles demanding high-stakes decision-making, adaptability, accountability, and emotional intelligence remain more secure. These skills rely on human judgment, not automation. In 2026, career resilience depends less on competing with AI and more on strengthening abilities that technology still cannot replicate in complex, real-world situations.

New research suggests psychology degrees may offer negative financial returns as tuition costs and lost earnings outweigh long-term income gains. Studies highlight stagnating wage premiums, reduced entry-level hiring, and rising AI demand reshaping job markets. While degrees still provide career pathways, students must weigh opportunity costs, debt, and evolving labour trends before pursuing postgraduate education for informed decisions today globally.

Arts education is crucial for developing creative communicators and storytellers, skills vital in an AI-driven world. The New Education Policy 2020 emphasizes arts integration for holistic growth. Orchids The International School exemplifies this, blending academics with robust arts programs in visual arts, theatre, music, and dance to foster well-rounded, empathetic leaders.

Tech leaders like Google's Ruth Porat and Elon Musk are raising alarms about America's energy infrastructure's ability to support AI's rapid growth. Massive investments in AI data centers are straining power supplies, prompting tech giants to pledge to cover their own energy costs and explore diverse power sources, including advanced nuclear.

Accenture and Anthropic have launched Cyber.AI. This new platform uses Anthropic's Claude AI to automate and scale cybersecurity operations. It shifts security responses from human pace to continuous AI capabilities. Cyber.AI analyzes security data, providing insights across the entire cybersecurity lifecycle. This aims to address growing AI-related cyber risks for organizations.

A debate erupted in the Karnataka assembly over global rankings of Bengaluru and Hyderabad, with the BJP criticizing the government for neglecting infrastructure. Deputy Chief Minister DK Shivakumar highlighted Bengaluru's sixth-place ranking among tech hubs, while acknowledging the city's challenges and pledging to work towards its growth.

Commerce and industry minister Piyush Goyal will lead the delegation of ministers, chief ministers and business leaders at the world economic forum (WEF) in Davos from May 23-25, an official statement said on Friday.

The world economic forum (WEF) said on Monday that the coronavirus pandemic had forced it to move next year's summit from Switzerland to Singapore, where it will be held in person from May 13-16.