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American Express is cutting about 5% of its global workforce and taking a $336M restructuring charge. Chief executive Stephen Squeri told analysts about the cuts on Friday, CNBC’s Hugh Son reported. The company had almost 77,000 employees at the end of 2025, according to CNBC. Chief financial officer Christophe Le Caillec told CNBC the restructuring […]
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American Express cuts 5% of staff and won’t let AI agents ‘run rogue’ Read More »
Verizon raised its forecasts for 2026 on Monday after a strong quarter for new phone customers. It also announced a deal worth more than $2bn with Amazon Web Services (AWS) to support AI workloads. Under the AWS agreement, Verizon will provide high-capacity network connections and help add computing power spread across many sites. The deal is […]
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Verizon raises 2026 forecast and signs $2bn AI deal with AWS Read More »
Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, including a new AI institute built with Anthropic, Google, Meta and OpenAI. At the launch, its chief executive said there is very little that needs the frontier models those partners build. David Solomon spoke at the bank’s New York headquarters […]
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Goldman Sachs puts $500M into small-business AI with four AI labs Read More »
Mistral’s chief executive, Arthur Mensch, has warned that Europe will get “leftovers” if it stops building frontier AI models. Apps built on American or Chinese models would also give Europe a “big trade balance problem”, he said on 20 October. Mensch spoke on the European Technology Network talk show, Pieter Haeck reported for Politico. He […]
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Mistral’s Mensch warns Europe of ‘leftovers’ if it quits frontier AI Read More »
Meta launched two share offerings worth about $35bn on Monday, as it looks for new ways to pay for its growing spending on AI. The larger offering is $22.5bn of Class A common stock sold through forward sale agreements. Under these deals, Meta delivers the shares and receives the money later, by 19 November 2027 at the […]
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Meta launches $35bn share sale to fund its AI spending Read More »
The Hottest New Side Hustle Is Stripping Copper Wire and Posting About It Read More »
SpaceX has secured $40 billion in debt financing to buy graphics processing units (GPUs), the chips used to run AI systems, Elon Musk said in a post on X on Sunday. Pretty much. As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have […]
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Elon Musk says SpaceX has raised $40bn in debt to buy AI chips Read More »
Instacart is exploring a sale and has held at least preliminary talks with DoorDash and Uber. Valida Pau, Jessica E. Lessin and Cory Weinberg reported this for The Information on 23 October, citing people familiar with the matter. The grocery delivery company is working with an investment bank to weigh its options, the outlet said. […]
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Instacart is exploring a sale, and Uber has already walked away Read More »
SpaceX wants access to at least 80,000 US cell sites for its planned mobile network. Kelcee Griffis reported this for Bloomberg on 22 October. The company is in talks with at least one big tower owner, Crown Castle, Bloomberg said, citing people familiar with the matter. The deals would put SpaceX on a path to […]
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SpaceX seeks 80,000 US cell sites for a mobile network, Bloomberg reports Read More »