New Delhi, June 5 -- Artificial intelligence is no longer only a threat to jobs. It is now eating into the pay packets and benefits of workers who still have them, as companies across the US begin openly redirecting compensation budgets towards AI transformation, Business Insider has reported.

Teradata, a global cloud software company with approximately 5,100 employees, told its workforce in January not to expect annual salary increases this year, according to an internal memo seen by Business Insider and not previously reported elsewhere.

The company's chief executive, Steve McMillan, wrote in the memo that Teradata's focus for 2026 is to "win in the market with AI," and that achieving that goal would require increased investment in AI...