Oracle cuts 30000 jobs globally including 12000 in India as AI shift drives layoffs more expected soon further
Browsing: Corporate governance
Viral post claims Meta AI push reshapes hiring productivity layoffs as companies link performance reviews to automation globally
Big Tech AI spending surge faces energy shock as Middle East conflict drives oil gas costs and market risks
Cognizant faces $8.4 million verdict as jury backs retaliation claim tied to hiring bias and H-1B practices
Starcloud reaches unicorn valuation with orbital AI data centers, betting on Starship launches and space based computing infrastructure
Waymo plans autonomous tech for personal cars as robotaxi rides reach 500,000 weekly amid expansion and safety scrutiny
Bill Ackman calls Fannie Mae and Freddie Mac undervalued, predicting 10x upside amid conservatorship delays and tensions
Mistral raises $830 million to build Paris data center with Nvidia chips boosting Europe AI autonomy and competition
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
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
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
New Mexico jury orders Meta to pay $375 million for misleading users and enabling child exploitation on platforms
Estee Lauder explores merger with Puig to boost fragrances amid turnaround struggles tariffs and weak Americas demand concerns
Over 70% Americans see poor job prospects as hiring slows rising pessimism signals weakening labor market confidence
Microsoft improves Windows 11 performance by reducing RAM usage refining Copilot integration boosting speed search accuracy and reliability
Ford recalls over 250000 SUVs in US due to software defect affecting rearview camera and ADAS safety features
Apple announces WWDC26 from June 8-12 featuring AI updates developer tools sessions and limited Apple Park in person event