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Digital printing and document management technology provider Xerox has announced a major workforce reduction plan, with 15% of its employees slated to be laid off. This move is a part of Xerox’s plan to establish a new organizational structure and operational model. As of December 31, 2022, Xerox had around…

Chip maker Intel and global investment firm DigitalBridge have launched a standalone generative artificial intelligence (GenAI) business named Articul8. The platform provides enterprise clients with an entirely integrated, vertically-optimized, and secure GenAI platform, giving them the autonomy to choose between cloud, on-premises, or hybrid deployment alternatives. Articul8 is the go-to…

Investment giant Fidelity has revealed in a new securities filing that it values its shares in X, previously known as Twitter, at 71.5% less than they were when Elon Musk initially purchased the social media company back in October 2022. Fidelity’s recent disclosure signifies a persisting trend that has systematically…

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