The media company is laying off 180 employees across Buzzfeed, Huffpost, and Tasty following major financial losses.
Browsing: Business
Microsoft CEO Satya Nadella issued a warning to companies relying on proprietary AI labs for their AI needs.
Porsche will cut 9,000 jobs by 2035 amid Volkswagen restructuring, weak China sales, EV challenges, and rising competition
AI may not replace workers yet as companies prioritise human oversight, specialised expertise, measurable business value over automation.
Reps. Raja Krishnamoorthi and Ro Khanna seek answers from Barclays over former CEO Jes Staley’s ties to Jeffrey Epstein.
OpenAI CEO Sam Altman says AI has entered the singularity, but experts remain divided over whether the technology has reached that threshold.
New York Mayor Zohran Mamdani says five planned city-owned grocery stores will offer 30% discounts on a core basket of essential items.
Shein posts a $99 million Q1 loss after the U.S. ends de minimis exemptions, impacting sales ahead of its Hong Kong IPO.
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.