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Zuckerberg Admits Layoff Missteps Amid Meta’s AI Transformation

Zuckerberg Admits Layoff Missteps Amid Meta’s AI Transformation

Sa Wi | June 13, 2026 | 12:00 pm | Business, Technology, World News

Meta CEO Mark Zuckerberg admitted the company made mistakes during its AI-driven transformation, which included major layoffs, restructuring and the reassignment of thousands of employees. Despite challenges, Zuckerberg said Meta remains committed to AI investment, while promising greater stability and no further company-wide layoffs this year.

Indian Start-Up Sparks Debate with Bag-Carrying Service

Indian Start-Up Sparks Debate with Bag-Carrying Service

Sa Wi | June 3, 2026 | 12:00 pm | Business, In The News, Startups

An Indian start-up, CarryMen, is drawing attention by offering assistants to carry shopping bags, push prams and help customers navigate crowded markets. While supporters praise the service for aiding elderly and disabled shoppers, critics argue it reflects growing entitlement and raises concerns about labour exploitation.  

China’s Moonshot AI Raises $2 Billion in Expansion Push

China’s Moonshot AI Raises $2 Billion in Expansion Push

Sa Wi | May 9, 2026 | 12:00 pm | Business, Startups, Technology, World News

Chinese AI startup Moonshot AI has secured $2 billion in new funding, lifting its valuation above $20 billion amid China’s intensifying AI race. Its Kimi chatbot and open-source language models are gaining momentum, backed by major investors including Meituan and China Mobile, as competition with domestic and global AI rivals…

Birkenstock Opens First Swiss Store in Zurich

Birkenstock Opens First Swiss Store in Zurich

Sa Wi | April 22, 2026 | 12:00 pm | Business, Fashion, In The News

Birkenstock has opened its first store in Switzerland, located in Zurich’s historic Old Town on Storchengasse. The 70-square-metre space marks the brand’s 30th retail store in Europe and features a design inspired by Swiss nature and craftsmanship. The store showcases classic and seasonal footwear alongside workshops and brand experiences.

AI Controversy Shadows Kenya Tech Layoffs

AI Controversy Shadows Kenya Tech Layoffs

Sa Wi | April 19, 2026 | 12:00 pm | Business, Technology

More than 1,000 workers in Kenya have been laid off by outsourcing firm Sama after Meta ended a key contract, amid controversy over AI training practices and working conditions. Reports linked the decision to allegations workers reviewed sensitive footage, including from smart glasses. Critics say it highlights risks and inequality…