Microsoft Loses OpenAI Exclusivity as Partnership Terms Shift
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
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Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Sun Pharma Shares Jump 7% on $11.75 Billion Organon Acquisition
Sun Pharma shares rose 7% after announcing an $11.75 billion deal to acquire U.S.-based Organon, expanding its global footprint.
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
By
Emma Clarke
• 2 mins read
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
By
Daniel Wright
• 2 mins read
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
By
Emma Clarke
• 2 mins read
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Warner Bros. Discovery Shareholders Approve $110 Billion Paramount Deal
By
Emma Clarke
• 2 mins read
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
Netflix Authorizes $25 Billion Buyback as It Shifts Focus After M&A Exit
By
Emma Clarke
• 2 mins read
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia and Google Partner to Build ‘AI Factories’ in Push for Physical and Agentic AI
By
Daniel Wright
• 3 mins read
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
By
Oleg Petrenko
• 2 mins read
Adobe unveiled a $25 billion share buyback program as it seeks to boost investor confidence while expanding its AI-driven product suite.
SpaceX Eyes $60 Billion Cursor Deal or $10 Billion Partnership Ahead of IPO
By
Daniel Wright
• 3 mins read
SpaceX is considering acquiring AI startup Cursor for $60 billion or pursuing a $10 billion partnership, as it expands its AI strategy ahead of a potential IPO.
Apple Names John Ternus as CEO, Tim Cook to Become Executive Chairman
By
Emma Clarke
• 2 mins read
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.
Uber Raises Stake in Delivery Hero With $318 Million Deal
By
Daniel Wright
• 2 mins read
Uber increased its stake in Delivery Hero through a $318 million share purchase, strengthening its position in the competitive food delivery market.
Kering Targets Profit Growth as It Unveils Gucci Turnaround Plan
By
Emma Clarke
• 3 mins read
Kering outlined an ambitious plan to revive Gucci and double profits, aiming to restore growth after a prolonged slowdown in its flagship brand.
Snap to Cut 16% of Workforce, Targeting $500 Million Savings Amid AI Push
By
Emma Clarke
• 3 mins read
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.