Cost Reduction News

Meta is reportedly testing robots to perform physical tasks like plugging cables and resetting servers in its data centers to reduce labor costs amid rising AI

Uber Technologies plans to cut approximately 3,300 jobs, or 10% of its workforce, to streamline operations and reduce costs amidst increased competition from au

Anthropic has launched its new large language models, Claude Fable 5.1 and Mythos 5.1, offering significant performance gains and a 75% cost reduction for Fable

A Bengaluru startup has announced an autonomous seaplane named Eureka, designed to carry a 1,000-kg payload over 2,000 km, aiming to reduce cargo costs to less

Apollo Atomics, a Y Combinator alumnus, is developing technology to shrink a key nuclear reactor part, aiming to significantly reduce the cost of nuclear electr

TrueFoundry, a San Francisco-based machine learning startup, has released TrueForge, an open-source AI agent harness that claims to reduce task completion costs

Snowflake's Cortex AI Gateway now offers dynamic model routing, allowing enterprises to automatically select the most cost-effective and suitable AI model for e

A new report suggests that AI can reduce insurance operating costs by automating repetitive tasks across various functions, allowing human professionals to focu

Nvidia has introduced Nemotron 3.5 Lightning, a 30-billion-parameter open mixture-of-experts model, and NeMo Switchyard, an open-source library designed to rout

A California program is reducing the cost of heat pumps by purchasing them in bulk, making installations more accessible as heat waves intensify.

Honda has outsourced the development of a new vehicle platform to Tata Technologies to reduce costs and accelerate its product roadmap. This platform will suppo

Jensen Huang stated in his first X post that open models are crucial for transforming every industry by enabling startups, businesses, universities, and public

Microsoft AI has launched two new in-house AI models, MAI-Image-2.5-Pro and MAI-Voice-2-Flash, claiming they can cut costs by up to 89% compared to OpenAI's mod

Microsoft CEO Satya Nadella has unveiled the company's MAI AI strategy, stating that new AI models will significantly reduce costs and enhance products like Cop

Netflix revealed that approximately 300 titles on its platform utilized generative AI, primarily in post-production, to enhance quality and reduce costs.

Drone sample testing in Telangana's Yadadri Bhuvanagiri district has significantly reduced the cost of TB diagnosis from ₹9,451 to ₹91.