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.
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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.
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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.
Adobe Announces $25 Billion Buyback as It Moves to Reassure Investors on AI Strategy
Adobe unveiled a $25 billion share buyback program as it seeks to boost investor confidence while expanding its AI-driven product suite.
Trump Signals Potential Defense Deal With Anthropic as AI Talks Advance
Donald Trump said a potential deal with Anthropic for Department of Defense use is possible, highlighting growing government interest in AI technologies.
Nvidia Supplier Victory Giant Jumps 60% in Hong Kong IPO Debut
Shares of Nvidia supplier Victory Giant surged 60% in its Hong Kong debut, marking the city’s largest IPO launch of the year so far.
Apple Names John Ternus as CEO, Tim Cook to Become Executive Chairman
By
Emma Clarke
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.