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IBM CEO Arvind Krishna says the company has used AI and so-called AI agents to cut several hundred jobs in its HR department. At the same time, IBM has created new positions in areas like software development, sales, and marketing—roles Krishna says still require human judgment, while routine tasks are increasingly automated. Despite the growing use of AI, Krishna says IBM's overall workforce has increased, as automation frees up resources for what he calls "critical" activities. IBM has also introduced new services that let companies build and manage their own AI agents. These tools are designed to work with solutions from other providers, including Amazon, Microsoft, and OpenAI. According to the company, IBM has already signed $6 billion worth of consulting contracts in the generative AI field.

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AI startup Anysphere has raised $900 million from investors including Thrive Capital, Andreessen Horowitz, and Accel, bringing its valuation to around $9 billion. The San Francisco company is behind Cursor, a developer tool that generates code from text prompts and, according to its website, produces nearly a billion working lines of code each day. Its clients include Stripe, Spotify, and OpenAI—though, according to insiders, OpenAI is currently planning to acquire Cursor competitor Windsurf. Since Anysphere’s last funding round in January, when it was valued at $2.5 billion, annual revenue has climbed to about $200 million, according to the Financial Times.

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