Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Latest News
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
By
Emma Clarke
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
TSMC Shares Hit Record High as Taiwan Eases Investment Limits
TSMC shares reached a record high after Taiwan eased single-stock investment caps, boosting demand from institutional funds.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Sign up for
Newsletters
Tesla Begins Cybercab Production in Texas Without Volume Limits
Tesla has started Cybercab production in Texas without volume restrictions, signaling a major step in scaling its autonomous vehicle strategy.
Anthropic Tops $1 Trillion on Secondary Markets, Overtakes OpenAI Valuation
Anthropic is trading at a $1 trillion valuation on secondary markets, surpassing OpenAI and highlighting shifting investor sentiment in AI.
FTX Portfolio Could Have Reached $114 Billion Had Assets Not Been Liquidated
FTX’s investment portfolio could be worth $114 billion today if assets hadn’t been sold during its 2022 collapse, driven by massive gains in AI and tech holdings.
American Airlines Cuts 2026 Outlook as Fuel Costs Surge
By
Nathan Cole
American Airlines lowered its 2026 earnings forecast as rising jet fuel prices significantly increased operating costs.
Netflix Authorizes $25 Billion Buyback as It Shifts Focus After M&A Exit
By
Emma Clarke
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia Backs Vast Data at $30 Billion Valuation in Latest AI Bet
Nvidia backed AI infrastructure firm Vast Data in a funding round valuing the company at $30 billion, highlighting strong demand for AI data solutions.
Condom Prices Could Rise 30% as Iran War Disrupts Supply Chains, Karex Warns
By
Nathan Cole
Condom prices could increase by up to 30% as the Iran war drives higher costs and disrupts supply chains, according to global producer Karex.
Honeywell’s Quantinuum Confidentially Files for U.S. IPO
Quantinuum, Honeywell’s quantum computing unit, has confidentially filed for a U.S. IPO, signaling growing investor interest in next-generation computing.
Nvidia and Google Partner to Build ‘AI Factories’ in Push for Physical and Agentic AI
Nvidia and Google announced a major partnership to develop AI infrastructure, combining hardware and software to advance ‘physical’ and agentic AI systems.