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Meta lays off thousands of employees to offset AI investments

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Meta has reportedly notified thousands of employees that they’ve been laid off as the company attempts to compensate for its hefty AI investments. In an email from Meta management shared by Business Insider, impacted staffers were told that the planned headcount reduction was part of the company’s “continued effort to run the company more efficiently […]

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In SpaceX’s IPO, Elon Musk is a risk factor

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The SpaceX IPO is here, and it’s more than just an historic public offering that could make Elon Musk the world’s first trillionaire. It also reveals more ways in which Elon Musk’s companies interact and overlap with each other, shuffling money around in ways that are often difficult to keep track of. This is evident […]

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SpaceX just filed for what could be the biggest IPO ever

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Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX. According to the filing, SpaceX generated $18.67 billion in revenue […]

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Airbnb is adding hotels, car rentals, and luggage storage as it evolves from a home-sharing app into a full travel platform

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  Airbnb started as a way to book someone else’s spare room. It is now trying to become the app you never leave during a trip. The company’s summer 2026 release adds boutique hotels, car rentals, luggage storage, and thousands of new experiences to the platform. The hotel push is the most significant shift. Airbnb […]

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Samsung has a tentative deal with workers to avoid a memory chip strike

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More than 47,000 Samsung Electronics workers were gearing up for an 18-day strike after bonus payment negotiations between the company and its union collapsed. The strike was set to start on Thursday at Samsung’s domestic chipmaking plants, raising concerns around the already constrained production of memory chips amid the ongoing shortage. Later on Wednesday, both […]

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Lambda wins a cloud deal with Hudson River Trading to supply access to NVIDIA chips

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The IPO-bound GPU-cloud start-up adds one of the largest US quantitative trading firms to a customer list that already includes Microsoft and NVIDIA itself. Lambda has signed a cloud-infrastructure deal with Hudson River Trading, one of the largest US quantitative trading firms, to supply HRT with access to NVIDIA chips, Reuters reported on Wednesday. The […]

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