SoftBank lowers OpenAI-backed margin loan target to $6 billion amid investor concerns over AI valuations and debt exposure.
Browsing: Corporate governance
AWS outage caused by overheating at Virginia data center disrupted Coinbase, CME services, raising concerns over cloud infrastructure.
AI-driven chip shortages and rising memory costs force Sony and Nintendo to increase console prices amid global supply pressures.
Cloudflare cuts 1,100 jobs globally as CEO defends AI-driven restructuring despite strong earnings and sharp stock market decline.
Peter Arnell joins U.S. National Design Studio to redesign 27,000 government websites, improving accessibility, navigation, user experience
US lawmakers pressure Apple over Towson store closure, questioning rationale, job losses, and economic effects in Baltimore region.
Cognizant may cut up to 15,000 jobs globally, with India most affected as restructuring, AI adoption, and cost pressures reshape workforce.
Apple settles $250M lawsuit over misleading AI claims in iPhones, compensating buyers while denying wrongdoing amid rising pressures.
Meta accelerates AI shift, cutting jobs and expanding surveillance tools, raising concerns over privacy, workforce trust, and future of work.
Spencer Pratt proposes civic accountability app for Los Angeles, enabling residents to report issues, rank officials ahead of mayoral race.
Google Cloud surges with AI demand as Big Tech spending crosses $700B, driven by Gemini, infrastructure expansion, enterprise adoption.
Parag Agrawal’s Parallel Web Systems secures $100M Series B, reaching $2B valuation, signaling rapid growth in AI infrastructure market.
Tech firms cut jobs while investing billions in AI chips, compute, and tokens, reshaping labor and future economies.
Oracle secures $16 billion funding for Michigan data center campus, boosting AI infrastructure amid local environmental concerns.
Elon Musk and Sam Altman face trial over OpenAI dispute involving profit shift claims and leadership battle.
Bob Iger rejoins Thrive Capital Disney exit as AI investment focus grows amid leadership changes and succession shifts
Nike cuts 1,400 jobs globally as tech teams face layoffs amid slowing sales, restructuring efforts and growing competitive market pressure.
Meta plans 8,000 layoffs in May as company redirects resources toward artificial intelligence and efficiency goals
Microsoft plans buyouts for 9,000 US employees as AI spending and soaring data center costs pressure margins.
The proposed Paramount-Warner merger raises concerns over jobs, creativity, and New York’s economy amid political scrutiny.
Netflix announces $25B buyback after abandoning Warner Bros Discovery bid, signaling shift toward shareholder returns, financial discipline
AI disruption fears hit software stocks as IBM and ServiceNow results trigger sector selloff while chipmakers surge
Shareholders weigh Warner Bros. Discovery-Paramount deal amid governance concerns, compensation debate, and industry shake-up.
Novartis CEO Vas Narasimhan joins Anthropic board signaling push into AI driven drug discovery and healthcare innovation partnerships
Trump amplifies immigration claims targeting Indian Chinese tech workers revives birthright citizenship debate, Silicon Valley hiring tension