Latest AI News

WiseTech Global, an Australian logistics software company, has announced job cuts as part of its strategy to increase automation and AI implementation across operations. The company, which employs about 3,500 people in 38 countries, is conducting a workforce review to enhance efficiency. While the exact number of affected positions remains undisclosed, WiseTech is providing support services to impacted employees. This restructuring aligns with broader industry trends where technology companies are streamlining operations to invest more heavily in AI systems. WiseTech's increased focus on AI-driven processes represents its commitment to digital transformation as a path to future growth and competitive advantage in the logistics software sector.

Taiwan has launched an ambitious "AI New Ten Major Construction" plan to transform into an "AI Island," investing NT$200 billion ($6.2 billion USD) from 2025-2028. The initiative aims to generate $510 billion in economic activity by 2040, focusing on silicon photonics, quantum computing, and AI robotics. Building on its semiconductor strengths, Taiwan projects 3.1% GDP growth in 2025, with companies like TSMC playing key roles. The government is establishing funding for startups, energy-efficient data centers, and addressing AI ethics while targeting NT$1 trillion in digital economy value by 2026.

McKinsey & Company has banned its mainland China operations from conducting generative AI consultancy projects amid increased US scrutiny of American businesses in advanced technology sectors in China. The restriction impacts over 1,000 employees across six Chinese regions and applies to all generative AI projects, including those for multinational clients operating locally. Traditional AI work remains permitted. This decision comes during heightened US-China tensions, with concerns about technology transfer and national security. McKinsey has not issued a public statement about this policy change, which reflects a growing trend of multinational companies adjusting their technology operations in China to comply with US regulations.

Alibaba has launched Qwen3-Coder, its most advanced open-source AI coding model. Released on July 23, 2025, this model features agentic capabilities for managing complex coding workflows and is part of Alibaba's Qwen3 AI family. The model excels at hybrid reasoning, supporting long "thinking duration" for sophisticated tasks while offering lower deployment costs compared to competitors. By making this advanced technology freely available, Alibaba aims to democratize AI access, drive innovation across multiple fields, and strengthen its position in the global AI sector.