Shein posts a $99 million Q1 loss after the U.S. ends de minimis exemptions, impacting sales ahead of its Hong Kong IPO.
Browsing: Business
Nvidia partners with OpenAI on a $250 billion AI data center plan while investing $1 billion in Naver’s AI infrastructure.
SpaceX launched Starship on its 13th test flight from Texas, marking the rocket’s first test since the company’s record IPO last month.
Coinbase Chief People Officer Lawrence Brock will leave the company weeks after overseeing 700 layoffs as company advances its AI strategy
Pentagon announced Thursday a contract with Larry Ellison’s Oracle worth $7 billion over a decade.
Intel to increase spending over the next two years after a stronger-than-expected quarterly profit forecast, driven by rising AI data center
Patreon cuts 20% of its workforce as CEO Jack Conte cites AI-driven industry changes and company restructuring.
Elon Musk says he supports immigration and rejects racism allegations, citing his immigrant background, family, and diverse leadership teams.
Pixar is cutting 108 jobs in Disney’s latest layoffs as the studio faces pressure despite recent box office successes.
Uber is reportedly cutting 10% of its global customer service organization as it restructures operations and expands AI adoption.
President Donald Trump says U.S.-Saudi civilian nuclear deal depends on Riyadh joining Abraham Accords and recognizing Israel.
Alphabet shares decline as rising AI investment worries investors despite strong earnings, cloud growth, expanding Gemini adoption worldwide
Google disclosed a roughly 5% stake in SpaceX worth about $94 billion following the company’s blockbuster IPO.
Long Arc Capital is expanding its India GCC operations with a new Bengaluru office, adding over 450 workstations to support growth.
Nvidia CEO Jensen Huang argues that Chinese open-source AI models like the newly-launched Kimi K3 are not a threat.
Cracker Barrel sells Maple Street Biscuit Company to Biscuit Belly, closes 16 locations, and reduces debt to strengthen core operations
Senate panel advances China auto bill that could inadvertently bar Mercedes-Benz from the U.S. over Chinese ownership restrictions.
The Israeli workplace software company is reducing 620 global jobs to realign its operational structure with AI capabilities.
Amazon Prime Video is getting an AI-powered redesign led by Jeff Bezos with smarter recommendations and enhanced Alexa integration
Rep. Riley Moore urged Fed Chair Kevin Warsh to remove Xbox CEO Asha Sharma from a jobs task force after major Xbox layoffs.
Air India to deploy Boeing 787-9 aircraft, cutting travel time and restoring daily non-stop flights in Delhi-Toronto route from Aug. 1
Amazon said it is cutting an undisclosed number of jobs in a group dealing with Artificial General Intelligence (AGI).
Disney has begun a new round of layoffs, cutting jobs across Pixar Studios, National Geographic, Disney Entertainment Television (DET), ESPN.
Google is developing a new AI chip aimed at making Gemini up to 10 times more efficient, with an expected launch in 2028.
Generative AI is producing offensive advertising, prompting renewed scrutiny of platform moderation and safeguards.