Amazon is preparing its largest corporate layoff to date, set to begin Tuesday and potentially affect up to 30,000 jobs, or roughly 10% of its corporate workforce.
Western Union is testing stablecoin-based settlement systems for its global remittance operations, aiming to reduce costs, speed up transfers and leverage recent regulatory clarity.
A lobbying blitz by Binance and its founder Changpeng Zhao preceded the U.S. presidential pardon from Donald Trump, analysts say – highlighting the growing influence of crypto-industry connections in Washington.
AI-alpha is offering sharp research and curated updates on AI engineering and venture capital, positioning itself as a hub for data-driven insights in the tech sector.
Venture firm Andreessen Horowitz is raising about $10 billion to back AI, infrastructure and ‘American dynamism’ – doubling down on tech bets amid bullish crypto signals.
OpenAI today unveiled ChatGPT Atlas, a new AI-powered web browser built around the ChatGPT experience. Its launch triggered a drop in Google parent Alphabet’s stock as the startup moves to challenge browser and search dominance.
Tempo, a Stripe-backed blockchain startup focused on stablecoin payments, raised $500 million in a Series A round led by Thrive Capital and Greenoaks, valuing the firm at $5 billion.
The Bank of England clarified that planned caps on stablecoin holdings and transaction sizes are a temporary measure, intended to preserve financial stability while monitoring adoption.
Broadcom stock jumped after OpenAI announced a partnership to co-develop 10 gigawatts of custom AI accelerators, expanding the chipmaker’s foothold in next-generation data infrastructure.
Citigroup projects that Indian companies could raise as much as $20 billion via IPOs in the coming year, signaling strong momentum in equity capital markets.
Barry Silbert is launching Yuma Asset Management, backed by $10 million from DCG, to invest in AI-crypto infrastructure via Bittensor subnet tokens.
Shayne Coplan becomes the youngest self-made billionaire after ICE, the New York Stock Exchange parent, invests $2 billion in Polymarket.
Nvidia will invest as much as $2 billion in xAI’s $20 billion funding round, backing the startup’s purchase and rental of its own GPUs.
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.