Snap to Cut 16% of Workforce, Targeting $500 Million Savings Amid AI Push
Snap will lay off about 1,000 employees, or 16% of its workforce, as part of a cost-cutting plan tied to AI-driven efficiency and profitability goals.
Business
Explore the latest developments shaping global business, from corporate giants to fast-growing startups. Our Business section delivers in-depth coverage of mergers and acquisitions, regulation and policy shifts, breakthrough technologies, and venture capital trends. Get timely updates, analysis and context on how companies innovate, compete and expand in a rapidly changing economy. Designed for professionals, investors and curious readers alike, this is your go-to source for understanding the forces that drive business decisions worldwide.
Novo Nordisk Partners With OpenAI to Accelerate AI-Driven Drug Discovery
Novo Nordisk has partnered with OpenAI to enhance its drug discovery efforts using advanced AI tools, aiming to accelerate identification of new treatments.
Blue Origin Develops Technology to Extract Oxygen From Lunar Soil
Blue Origin has developed a system to extract oxygen from lunar soil, a breakthrough that could support future Moon bases. The technology also produces usable metals for construction.
Elon Musk to Launch XChat Messaging App With Encrypted Features
By
Emma Clarke
• 2 mins read
Elon Musk is set to launch XChat on April 17, introducing an encrypted messaging platform integrated with X. The app will include calls, file sharing, and enhanced privacy features.
Alibaba Reveals It Built Viral AI Video Model Leading Global Rankings
By
Emma Clarke
• 2 mins read
Alibaba confirmed it is behind a viral AI video model topping global leaderboards. The reveal highlights its growing role in the AI race.
OpenAI Secures $122 Billion Funding Round Ahead of Potential IPO
By
Emma Clarke
• 2 mins read
OpenAI has raised $122 billion in a record-breaking funding round to accelerate AI development. The deal comes as expectations grow for a future public offering.
Apple Co-Founder Ron Wayne Claims He Still Owns 10% Stake
By
Emma Clarke
• 2 mins read
Apple’s third co-founder Ron Wayne says he still owns a 10% stake in the company despite exiting shortly after its founding. The claim has reignited debate over early ownership agreements.
Eli Lilly Strikes Up to $2.75 Billion AI Drug Deal With Insilico Medicine
By
Emma Clarke
• 2 mins read
Eli Lilly will pay up to $2.75 billion to bring AI-developed drugs from Insilico Medicine to market. The deal highlights growing momentum in AI-driven drug discovery.
‘Mystery Dumpling’ Craze Drives New Wave of Collectible Demand
By
Emma Clarke
• 2 mins read
A new viral toy, ‘Mystery Dumpling’, is rapidly gaining popularity, overtaking Labubu as the latest collectible trend. The surge is fueling investor interest in companies tied to the craze.
Novartis Acquires Excellergy for $2 Billion in Immunology Push
By
Emma Clarke
• 2 mins read
Novartis has agreed to acquire immunology biotech Excellergy for $2 billion, marking its second major deal in a week. The move strengthens its pipeline in next-generation allergy treatments.
OpenAI Shuts Down Sora Video Model Amid Soaring AI Costs
By
Emma Clarke
• 2 mins read
OpenAI is shutting down its Sora video generation model, citing undisclosed reasons. Reports suggest the product may have been costing up to $15 million per day to operate.
Meta Targets $9 Trillion Valuation With New Executive Incentive Plan
By
Emma Clarke
• 2 mins read
Meta has introduced a new executive incentive program tied to a $9 trillion valuation target. The move underscores its aggressive push to lead the artificial intelligence race.
Kalshi Raises $1 Billion at $22 Billion Valuation in Major Funding Round
By
Emma Clarke
• 2 mins read
Kalshi has raised more than $1 billion in a new funding round, valuing the prediction market platform at $22 billion. The deal highlights growing investor interest in event-driven trading markets.
Nissan to Export U.S. – Built Vehicles to Japan in Strategic Shift
By
Emma Clarke
• 2 mins read
Nissan plans to export U.S.-built vehicles to Japan, joining Toyota and Honda in reversing traditional trade flows. The move reflects shifting global production strategies in the auto industry.
EU Unveils ‘EU Inc’ Plan to Simplify Cross-Border Business Formation
By
Benjamin Harper
• 2 mins read
The European Union is set to introduce a new “EU Inc” company structure aimed at simplifying cross-border business operations. The initiative seeks to reduce regulatory friction for startups and investors across the bloc.