Wavefront Daily
๐Ÿ“… ArchiveFriday, 19 June 2026
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India Top Stories

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The Hindu๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:55 am

India's Monsoon Is Stalling Badly โ€” 41% Rainfall Deficit and Goa Has Just One Month of Water Left

The southwest monsoon has stalled over Maharashtra, leaving India with a 41% rainfall deficit as of June 19. Central India is hardest hit with a 67% deficit, followed by east and northeast India at 42%. Goa is in a critical situation, with only one month's drinking water supply remaining, though IMD predicts rainfall could resume in the state by next weekend.

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:55 am

Delhi HC Backs Centre's Telegram Ban, Calls It 'Well-Founded' Ahead of NEET Retest

The Delhi High Court dismissed a challenge to the central government's temporary ban on Telegram, saying the order was well-founded. The government issued the ban under the IT Act to prevent cheating rackets from using the platform ahead of the NEET-UG 2026 re-examination. The ban stays in effect until June 22.

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:55 am

Rupee Climbs 20 Paise to 94.20 on India-US Trade Deal Hopes

The Indian rupee rebounded 20 paise to 94.20 against the US dollar on Friday, recovering from an all-time closing low. The rise was driven by optimism around an India-US trade agreement, improved foreign inflows, and softer crude oil prices. Discussions between PM Modi and President Trump highlighted progress on the trade pact, with further negotiations planned.

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NDTV๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:55 am

Accenture's 20% Stock Crash Wipes Rs 2 Trillion From Indian IT Stocks

Accenture's stock fell nearly 20% after its fiscal third-quarter results missed revenue expectations and showed a decline in new bookings. The selloff dragged Indian IT stocks down sharply, with the Sensex sliding 700 points as investors in TCS, Wipro, and Infosys took heavy losses. CEO Julie Sweet urged investors to stay patient, pointing to long-term AI-driven growth.

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Times of India๐ŸŒ Global
19 Jun, 10:55 am

India Slams Pakistan as a 'Frankenstein State' at UN Human Rights Council

India strongly criticized Pakistan at the UN Human Rights Council, calling it a 'Frankenstein state' that nurtures terrorism as state policy. India rejected Pakistan's allegations over Jammu and Kashmir, asserting the region's integral status, and highlighted human rights violations in Pakistan-occupied territories. India also called the Indus Waters Treaty outdated.

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The Hindu๐ŸŒ Global
19 Jun, 10:55 am

US and Iran Sign a Deal โ€” Oil Tankers Move Freely Through Strait of Hormuz Again

The US and Iran signed a digital agreement, and the US lifted its blockade of Iran on June 18, allowing oil tankers to move freely through the Strait of Hormuz. US Vice President JD Vance postponed a Switzerland visit as talks continued, and the planned June 19 talks were later called off, according to Switzerland. Iran has also reportedly announced plans to charge maritime transit fees in the strait after a 60-day negotiation window.

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NDTV๐ŸŒ Global
19 Jun, 10:55 am

New York Horse Carriage Death of Indian Teen Sparks Call to Ban Carriages

An 18-year-old Indian tourist, Romanch Mahajan, died in New York's Central Park after a horse bolted when the driver got down to take a family picture. New York Mayor Zohran Mamdani has called for a ban on horse carriages in the city following the incident. Video footage of the moment the horse bolted has emerged.

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NDTV๐ŸŒ Global
19 Jun, 10:55 am

Shiv Sena (UBT) in Crisis: Six Rebel MLAs Get Security Cover Amid Threats

Six rebel members from Uddhav Thackeray's Shiv Sena (UBT) faction have been granted 'Y-Plus' security cover amid reported threats. The development signals deepening divisions within the party. The situation is being closely watched as Maharashtra's political landscape remains volatile.

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Business & Startups

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mint - companies๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:56 am

Delhi High Court Rejects Telegram's Plea Against India's Temporary Ban

The Delhi High Court refused to hear Telegram's urgent plea against the Centre's temporary block on the platform. The government banned Telegram under Section 69A of the IT Act, citing its role in exam paper leak networks. The ban is in place until June 22.

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mint - companies๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:56 am

RBI Extends Keki Mistry's Term as HDFC Bank's Interim Chairman by 3 Months

The RBI has extended Keki Mistry's tenure as HDFC Bank's interim chairman by three more months. This comes as HDFC Bank's board met to review findings from law firms looking into concerns raised by former chairman Atanu Chakraborty in his resignation letter from March 17. Chakraborty's resignation letter reportedly flagged serious issues at India's largest private bank.

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mint - companies๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:56 am

SBI Board Approves โ‚น60,000 Crore Bond Fundraising Plan for FY27

India's largest bank, SBI, has approved a plan to raise โ‚น60,000 crore through bonds in FY27. The bank may tap both domestic and overseas debt markets using Basel III-compliant tier-I and tier-II bonds. The funds are meant to support growth and strengthen its capital base.

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mint - companies๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:56 am

IFC Is Putting $371 Million Into India's Data Centre Push via Sify

The World Bank's private lending arm, IFC, has committed $371 million (โ‚น3,500 crore) into Sify Infinit Spaces to build two data centres in India. Sify Infinit Spaces had earlier received regulatory approval for an IPO worth about โ‚น3,700 crore, but that listing has been delayed due to market volatility.

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mint - companies๐ŸŒ Global
19 Jun, 10:56 am

Trump Confirms Apple Will Partner With Intel to Make Chips in the US

US President Donald Trump announced that Apple has agreed to work with Intel to design and manufacture chips inside the United States. The article raises the question of whether this shift in chip production could affect smartphone prices.

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VentureBeat๐ŸŒ Global
19 Jun, 10:56 am

Two Major AI Tools Had Serious Security Flaws โ€” Here's What Went Wrong

Security researchers disclosed two significant vulnerabilities in AI tools used by enterprises. One flaw, called SearchLeak, was found in Microsoft 365 Copilot and allowed attackers to make Copilot search a victim's mailbox after they clicked a crafted link. A separate vulnerability in LiteLLM gave out admin-level keys without proper authentication.

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VentureBeat๐ŸŒ Global
19 Jun, 10:56 am

Adobe Brings Agentic AI to Photoshop, Premiere Pro and More in Public Beta

Adobe has launched a major expansion of its AI "creative agent" across Creative Cloud apps including Photoshop, Illustrator, Premiere Pro, InDesign, and Frame.io, starting today in public beta. The updated Firefly AI studio is designed to handle production workflows, not just generate media. Adobe says it is aimed at everyone from individual creators to large teams.

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mint - companies๐ŸŒ Global
19 Jun, 10:56 am

Jeff Bezos Says AI Will Cause a Labour Shortage, Not Mass Unemployment

Speaking at a technology conference in Paris, Amazon founder Jeff Bezos pushed back against fears that AI will destroy jobs. He argued that AI will instead create a labour shortage, making humans more valuable rather than obsolete. His comments come as companies worldwide are cutting jobs and adopting AI tools.

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Stocks & Economy

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CNBC๐ŸŒ Global
19 Jun, 10:57 am

Fed Holds Rates But Signals a Hike Is Coming โ€” Markets Take Notice

The US Federal Reserve kept interest rates unchanged at its June 2026 meeting but removed its previous bias toward cutting rates. Fed Chair Kevin Warsh overhauled the rate statement, and several members signalled a hike could come later in 2026. The median projection now places the federal funds rate at 3.8% by end of 2026 โ€” a quarter point above the current range.

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CNBC๐ŸŒ Global
19 Jun, 10:57 am

Fed Chair Warsh Is No 'Easy Money' Boss โ€” Bond King Gundlach Agrees

Investor Jeffrey Gundlach said Fed Chair Kevin Warsh will not be the accommodative, rate-cutting chairman many in markets had hoped for. Gundlach said Warsh's hawkish stance reduces the risk of overly loose monetary policy that could reignite inflation and push long-term borrowing costs higher. Warsh's tough talk on inflation reverberated through financial markets.

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MarketWatch๐ŸŒ Global
19 Jun, 10:57 am

Trump's Iran Deal Is Sending Stocks Higher โ€” Here's Why It Matters

A US-Iran agreement is being described as a major buy signal for stocks, with analysts saying fears of an Iran war were overblown. The end of the conflict is seen as removing a significant risk premium from markets. Two specific sectors are flagged as beneficiaries of the deal.

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MarketWatch๐ŸŒ Global
19 Jun, 10:57 am

Intel Jumps 11% on News Trump Says Apple Will Use Its US-Made Chips

Intel's stock surged 11% after President Trump said Apple would build chips with Intel in the United States. Analysts noted the deal might start small but said Intel is expanding domestic capacity and converting political tailwinds into real foundry contracts. At least one analyst described Intel as steadily turning strategic momentum into concrete wins.

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CNBC๐ŸŒ Global
19 Jun, 10:57 am

SpaceX Post-IPO Buyers Are Nearly Underwater After Two-Day Slide

SpaceX shares fell as much as 7% on Thursday to $178, bringing the stock close to its volume-weighted average price of just under $180 since its IPO. That means most retail investors who bought after the listing are barely breaking even or at a loss. The slide comes despite enormous early excitement around the stock.

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MarketWatch๐ŸŒ Global
19 Jun, 10:57 am

Accenture Stock Slides After Earnings Miss โ€” Analysts Worry About What Comes Next

Accenture's stock fell after its earnings outlook came in short of market expectations. At least one analyst raised concerns that newly announced deals could bring complex integration challenges. The consulting giant's results are being watched as a bellwether for enterprise technology spending.

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MarketWatch๐ŸŒ Global
19 Jun, 10:57 am

Memory Chip Costs Are Surging โ€” Even Apple Can't Escape the Squeeze

Demand for memory chips is expected to keep outpacing supply in the near term, even as manufacturers try to add capacity, according to an analyst cited alongside Micron's rising stock. The report flags that even Apple is not immune to ballooning memory chip costs. Micron's stock has been rising on the back of this supply-demand imbalance.

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Technology

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Ars Technica๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:57 am

Microsoft Finds New Malware That Steals Crypto via USB and Hides on Tor

Microsoft has discovered a new lightweight backdoor called Crypto Clipper that spreads through USB drives and communicates over the Tor network. It is designed to steal cryptocurrency. The malware is self-propagating, meaning it can spread on its own.

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Ars Technica๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:57 am

Quantum Error Correction Could Be Ready by 2028, Say Amazon and QuEra

Amazon and QuEra have promised useful quantum error correction by 2028, sooner than most experts expected. The announcement comes alongside news of beyond-classical quantum hardware and classical computing developments. Error correction is a key milestone that would make quantum computers far more practical.

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Ars Technica๐ŸŒ Global
19 Jun, 10:57 am

Chinese Investors Secretly Bought SpaceX Stakes Before Its IPO

Before SpaceX's IPO, investors in China secretly acquired stakes in the company. Ars Technica reports that one previously unreported SpaceX investor has ties to Chinese military contractors. The investments were not publicly disclosed at the time.

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Ars Technica๐ŸŒ Global
19 Jun, 10:57 am

Bernie Sanders Wants a $7 Trillion Plan to Put AI Wealth in Public Hands

US Senator Bernie Sanders has unveiled a $7 trillion proposal aimed at giving Americans collective ownership and control over the AI industry. The plan is expected to face strong pushback from major AI firms. No further details about the plan's specific mechanisms are provided in the article.

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The Verge๐ŸŒ Global
19 Jun, 10:57 am

Amazon Workers Face Termination for Testifying Against Data Center Expansion

Three Amazon software engineers testified at Seattle City Council hearings earlier this month in support of limits on data center construction. One week after testifying, they say Amazon began disciplinary action against them. They had cited a city law barring employment retaliation over political speech before giving their testimony.

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Ars Technica๐ŸŒ Global
19 Jun, 10:57 am

FDA Advisors Unanimously Back Moderna's mRNA Vaccine After Months of Political Drama

FDA advisory panel members have voted unanimously to recommend approval of Moderna's mRNA vaccine. The approval process had stalled after a Trump administration official refused to review the vaccine in February. The unanimous vote signals a strong scientific consensus in favour of the shot.

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Geopolitical

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The Hindu๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:58 am

Oil Falls, Hormuz Opens: What the US-Iran Ceasefire Means for India

The US lifted its naval blockade of Iran and oil tankers began moving freely through the Strait of Hormuz after a ceasefire agreement took effect. Oil prices fell about 2% following the deal. Scheduled US-Iran talks for June 19 were then called off after Vice President JD Vance pulled out of a planned trip, with Switzerland confirming the cancellation.

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The Hindu๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:58 am

PM Modi Says India Is Becoming a 'Trusted Partner' to the World

Prime Minister Narendra Modi said India is emerging as a trusted partner globally and described this as a defining period in the country's journey where aspirations are reaching new heights. The remarks were made in an international context.

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NYT > World News๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:58 am

Israel Blindsided by Trump's Iran Deal โ€” and India Is Watching

Israel says the US-Iran agreement accomplishes none of its stated war aims and arguably leaves the country worse off on each of them. Vice President JD Vance then publicly rebuked Israeli critics of the deal, warning them not to alienate their most important ally. The rift between Washington and Tel Aviv is now openly visible.

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NYT > World News๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:58 am

Iran Gets Big Economic Relief from US Deal While Delaying the Hardest Steps

According to analysis, Iran received crucial economic benefits from the interim deal โ€” including the reopening of the Strait of Hormuz โ€” while the most difficult concessions have been pushed to later rounds of talks. The agreement delays rather than resolves the core disputes over Iran's nuclear programme. Europe and the wider world are watching to see if a lasting deal can follow.

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BBC News๐ŸŒ Global
19 Jun, 10:58 am

Ukraine Sends Nearly 200 Drones at Moscow, Setting Refinery Ablaze

Almost 200 Ukrainian drones struck an area south-east of Moscow, hitting an oil refinery and a shopping centre. Residents complained of black rain falling over the city. The attack shut down Moscow's airports for several hours.

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BBC News๐ŸŒ Global
19 Jun, 10:58 am

Japan's Defence Minister Says Tokyo Must Abandon Its Pacifist Posture

Japanese Defence Minister Shinjiro Koizumi told the BBC that Japan needs to move away from the pacifist stance it has held since World War Two. He described ramping up Japan's defences as critical to preventing war.

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NYT > World News๐ŸŒ Global
19 Jun, 10:58 am

US Defence Secretary Hegseth Threatens to Review American Military Presence in Europe

US Defence Secretary Pete Hegseth used a NATO defence ministers meeting to renew sharp criticism of European allies, calling their response to the US war in Iran shameful. His comments follow a US decision to scale back commitments to a high-readiness NATO force. He said the US will review its military presence in Europe.

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NYT > World News๐ŸŒ Global
19 Jun, 10:58 am

Taliban Bans Smartphones for Afghan Government Workers

Afghanistan's Taliban government has issued a ban on smartphones for civil servants and military personnel at work. According to a written order from the Taliban's highest court, those caught using phones will have their devices smashed and face punishment.

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Sports

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:59 am

Kohli Nears England ODI Return After Hamstring Scare

Virat Kohli is making significant progress in his hamstring injury recovery and is on track to return for India's upcoming ODI series in England. He has begun rehabilitation and is expected to undergo a fitness assessment soon. The Indian ODI squad for the England tour will be selected later this week.

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:59 am

India's Women's T20 World Cup Squad Hit by Shreyanka Patil Injury

Off-spinner Shreyanka Patil has been ruled out of the ICC Women's T20 World Cup after sustaining an ankle ligament injury while fielding in the match against the Netherlands. Uncapped leg-spinner Prema Rawat has been named as her replacement. Rawat has impressed in domestic and developmental tournaments.

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:59 am

15-Year-Old Sooryavanshi Gets BCCI Nod to Travel With Parents on England Tour

India's 15-year-old cricket prodigy Vaibhav Sooryavanshi will have his parents accompany him on his maiden senior national tour to Ireland and England. The BCCI made this unprecedented decision to help the young opener adjust to an adult team environment. The board explained the move as being about ensuring his comfort and well-being.

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Times of India๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 10:59 am

Manika Batra Misses Asian Games by Just Three Ranking Points

Table tennis star Manika Batra has narrowly missed out on selection for the Asian Games due to a three-point ranking gap. In her absence, India's women's team will be led by Sreeja Akula, with Manika and Swastika Ghosh named as reserves. The Games are scheduled to be held in Aichi-Nagoya, Japan, from September 19 to October 4.

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Times of India๐ŸŒ Global
19 Jun, 10:59 am

Canada Thrash Qatar 6-0 in Historic First World Cup Win, But Konรฉ Faces Surgery

Canada secured their first-ever FIFA World Cup finals victory, beating Qatar 6-0 with Jonathan David scoring a hat-trick. The win was overshadowed by a severe leg injury to midfielder Ismaรซl Konรฉ, caused by a late tackle that earned a Qatar player a red card. Post-match scenes turned ugly, with a heated confrontation between both teams after the final whistle.

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Times of India๐ŸŒ Global
19 Jun, 10:59 am

Mexico First Into Round of 32 After Keeper Blunder Gifts Romo the Winner

Mexico beat South Korea 1-0 to become the first team to qualify for the 2026 FIFA World Cup knockout stages. A goalkeeping blunder gifted Luis Romo the decisive goal, while goalkeeper Raรบl Rangel made crucial saves to seal the win. The result puts Mexico in a strong position early in the tournament.

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ESPNcricinfo๐ŸŒ Global
19 Jun, 10:59 am

Glenn Phillips Scores Maiden Test Ton as New Zealand Put England Under Pressure

Glenn Phillips hit a historic maiden Test century to help New Zealand post 391, becoming only the third New Zealand batter after Brendon McCullum and Martin Guptill to score a century in all three formats. England fought back with a half-century from Emilio Gay but lost key wickets to Matt Henry. At stumps on Day 2, England close on 222-6, trailing by 169 runs.

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ESPNcricinfo๐ŸŒ Global
19 Jun, 10:59 am

Legendary Cricket Journalist Qamar Ahmed Dies at 88

Qamar Ahmed, a celebrated cricket journalist and broadcast legend, has died at the age of 88. He witnessed some of cricket's most iconic moments firsthand, including Gavaskar's 10,000th run, Hadlee's 400th wicket, Anil Kumble's 10-wicket haul, and cricket's 1,000th and 2,000th Tests. He was a well-known voice in the sport across decades of coverage.

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Social

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NPR๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

US-Iran War Ends: What the Ceasefire Deal Means for India

The US and Iran signed a memorandum of understanding to end their war, with the US lifting its blockade on Iranian ports and a 60-day clock starting for a final deal. Pakistan's prime minister also signed the agreement alongside Trump and Iranian President Masoud Pezeshkian. Ships can now enter and exit Iranian ports and coastal areas as negotiations move to a new phase.

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The Guardian๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

Bank of Japan Hikes Rates to 31-Year High โ€” and India's Markets Are Watching

Japan's central bank raised interest rates to 1%, the highest in 31 years, citing inflation pressures from the Iran war. The US Federal Reserve and Bank of England are expected to hold their rates steady for now. The move signals that global central banks are responding differently to the same inflation shock.

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NPR๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

FDA Panel Backs First New mRNA Flu Vaccine in Years โ€” What It Means for India

All nine members of a key US FDA advisory committee unanimously recommended Moderna's new mRNA influenza vaccine for adults aged 50 and over. This is the first vaccine the committee has recommended since 2023. The unanimous vote makes formal FDA approval very likely.

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The Guardian๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

CDC Unlocks $107 Million for Ebola Response as Infections Cross 1,000

The US Centers for Disease Control is tapping $107 million in emergency funding to respond to Ebola outbreaks in the Democratic Republic of Congo and Uganda. The number of infected people has now topped 1,000. Health officials say the global risk remains low.

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NPR๐ŸŒ Global
19 Jun, 11:00 am

Ukraine Launches One of Its Biggest-Ever Drone Attacks on Moscow

Ukraine hit a Moscow oil refinery and other sites in a large-scale drone attack early Thursday, described as one of the largest attacks on Russia's capital since the war began over four years ago. The attack targeted multiple sites across Russia. No further details on casualties or damage were provided in the report.

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The Guardian๐ŸŒ Global
19 Jun, 11:00 am

Canada's Official Report on the Titan Sub Disaster: Groupthink Killed Five People

Canadian safety officials released a damning report on the 2023 Titan submersible disaster, finding that the company behind the expedition was gripped by 'groupthink' and 'confirmation bias.' The report identified structural defects in the material used for the hull and said the firm failed to fully test its 'novel' design. The submersible was lost with five people on board.

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The Guardian๐ŸŒ Global
19 Jun, 11:00 am

Cannabis Sold Commercially Drives Up Usage and Psychosis โ€” Decriminalisation Does Not

A major international review of cannabis policies between 2000 and 2025 found that commercial sale of cannabis increases user numbers and mental health problems, including psychosis. However, simply decriminalising possession or strictly regulating access did not appear to raise usage. The study looked at the dramatic global shift in drug policies over 25 years.

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The Guardian๐ŸŒ Global
19 Jun, 11:00 am

Bolsonaro's Son Gets Four Years in Prison for Seeking Trump's Help to Derail Father's Trial

Brazil's Supreme Court sentenced Eduardo Bolsonaro to four years and two months in prison for trying to get the Trump administration to impose sanctions on the judges handling his father Jair Bolsonaro's coup plot trial. Eduardo Bolsonaro lives in the US and was charged by Brazil's prosecutor general. The court found him guilty of courting US interference in a domestic legal proceeding.

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HR & Workplace

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Mint๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

Telegram Blocked in India: Delhi High Court Refuses to Intervene in Exam Leak Crackdown

The Delhi High Court rejected Telegram's plea for an urgent hearing after the Indian government temporarily banned the platform under Section 69A of the Information Technology Act. The Centre cited concerns over exam-related paper leak networks as the reason for the block, which runs until June 22. Telegram had approached the court seeking urgent relief against the ban.

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Mint๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

RBI Extends Keki Mistry's Tenure at HDFC Bank Amid Internal Governance Storm

The Reserve Bank of India has extended Keki Mistry's term as interim chairman of HDFC Bank by three months. The extension comes as HDFC Bank's board met to review findings from law firms examining concerns raised by former chairman Atanu Chakraborty in his resignation letter dated March 17. The governance situation at India's largest private bank is still unresolved.

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Mint๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

SBI Plans โ‚น60,000 Crore Bond Raise in FY27 to Fund Growth

State Bank of India's board has approved a plan to raise โ‚น60,000 crore through bonds in the current financial year. The country's largest lender plans to tap both domestic and overseas debt markets using Basel III-compliant tier-I and tier-II bonds. The fundraising is aimed at funding business growth and strengthening its capital base.

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Mint๐Ÿ‡ฎ๐Ÿ‡ณ India
19 Jun, 11:00 am

Bata India Hires Nike Executive as CEO โ€” Shares Jump 16%

Bata India has appointed Sanjay Rao as its new Managing Director and CEO. Rao comes from Nike Retail and succeeds Gunjan Shah, who will step down after completing his five-year term. Investors cheered the news, sending Bata's shares surging over 16% on the announcement.

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Fast Company๐ŸŒ Global
19 Jun, 11:00 am

Meta CTO Admits Morale Is Among the Worst Ever After Mass Layoffs

Meta's Chief Technology Officer Andrew 'Boz' Bosworth publicly said company morale is probably one of the worst it has ever been. This comes after Meta laid off 10% of its workforce last month to offset AI spending costs. Another 10% of staff were reassigned to mandatory AI teams to help train the company's models.

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Fast Company๐ŸŒ Global
19 Jun, 11:00 am

Google Paid $2.7 Billion for This AI Star โ€” Now He's Joining OpenAI

Noam Shazeer, a leading AI researcher whom Google paid $2.7 billion to bring back two years ago, has now left to join OpenAI. The move is the latest flashpoint in a fierce battle between top AI labs to recruit and retain elite research talent. The AI talent wars show no sign of slowing down.

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HR Dive๐ŸŒ Global
19 Jun, 11:00 am

World's Top Firms Are Sitting on $18 Trillion in Untapped AI Value โ€” Because Their Workers Aren't Ready

A new study found that the world's top 2,000 public companies have nearly $18 trillion in unrealised AI value, largely due to workforce gaps and weak internal processes. Many firms are stuck in what the research calls 'AI pilot purgatory' โ€” running experiments but unable to scale them. Tech debt and broken workflows are the main culprits holding companies back.

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Mint๐ŸŒ Global
19 Jun, 11:00 am

Jeff Bezos Says AI Won't Kill Jobs โ€” It Will Create a Labour Shortage

Amazon founder Jeff Bezos, speaking at a technology conference in Paris, argued that AI will not make workers obsolete. Instead, he said the technology will create a labour shortage. His comments come at a time when companies worldwide are cutting jobs and citing AI as a reason.

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