diri-au.org – Fashion & Cultural Identity Commentary

TCS confirmed 12,000 layoffs, though social media claims suggested up to 80,000 job cuts, which the company denies. This reflects AI's drastic impact on the IT sector, with other firms also restructuring due to automation. Experts emphasize that professionals must upskill in AI to remain relevant and seize new opportunities in this evolving landscape.

Taiwan Semiconductor Manufacturing Company (TSMC) has reclaimed a spot in the list of the world’s 10 most valuable companies, riding the optimism of the artificial intelligence (AI) boom. TSMC's stock rallied, elevating its market capitalisation to a record, making it higher than Broadcom. Analysts expect TSMC to further advance amid surging AI-related revenue and strong pricing power.