Estimates based on index declines and total market capitalization suggest that roughly $4 trillion to $5 trillion in market value has been wiped out over this 28 day stretch
Browsing: Business
ChatGPT ads crosses $100 million revenue as OpenAI tests monetization while maintaining user trust privacy safeguards and transparency
Microsoft freezes hiring after layoffs as AI investments surge, shifting priorities while cutting costs and reshaping workforce strategy
US judge blocks Pentagon blacklisting of Anthropic amid dispute over AI military use and First Amendment retaliation claims
ByteDance rolls out Dreamina Seedance 2.0 on CapCut enabling AI video generation with safeguards amid copyright concerns
SoftBank Group secures $40 billion loan to deepen OpenAI investment amid intensifying global AI competition
Netflix raises subscription prices across plans citing service improvements while boosting revenue through ads growth, membership expansion
Durgesh Kaushik, Vice President of Product at Reddit, has stepped down from his role to co-found a new venture Modveon
Indian-born executive to lead logistics provider’s global technology strategy, oversee engineering teams in U.S. and India.
Apple will work with Bosch and Taiwan Semiconductor Manufacturing Company to manufacture chips for sensing hardware
SpaceX IPO hype sparks investor confusion as secondary market deals raise fraud fears and uncertainty over actual share ownership
Salesforce skips raises for senior employees boosts stock bonuses amid layoffs and shift to equity based compensation strategy
An AI Company scales rapidly by helping brands recover
lost revenue using artificial intelligence tools
IIT Madras alumnus helms one of the world’s premier hubs for high performance computing and data science.
The company is planning sweeping layoffs that could affect 20% or more of the company amid AI focus.
China has reportedly barred two Manus AI co-founders from leaving as regulators review Meta’s $2B acquisition for potential rule violations.
Trump appoints tech leaders including Zuckerberg Huang Ellison to AI council shaping US policy amid industry influence concerns
Baltimore sues Elon Musk’s xAI over Grok generating nonconsensual explicit deepfake images raising legal and ethical concerns
SK Hynix plans US listing to raise billions for chip expansion amid dilution concerns and global semiconductor competition
Epic Games cuts over 1000 jobs as Fortnite engagement drops amid rising costs and industry slowdown pressures global
OpenAI shuts down Sora cancels Disney deal shifts focus to robotics AGI amid backlash over AI creativity concerns
New Mexico jury orders Meta to pay $375 million for misleading users and enabling child exploitation on platforms
Amazon acquires Fauna Robotics to expand humanoid robots, targeting kid-sized home companions amid rising competition in robotics market
This comes amid the current conflict in the Middle East, and marks the second time in a month that its operations have been affected by the war.
Estee Lauder explores merger with Puig to boost fragrances amid turnaround struggles tariffs and weak Americas demand concerns