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Zillow laid off more than 500 people on Tuesday, about 7% of its staff and its largest cut of the year. The Seattle property company made the move one day before it reports quarterly earnings. It has spent the year telling investors it is becoming an “AI-native” company. It will not say whether AI had […]
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The AI memory shortage has reached the phone-shop counter. T-Mobile is rolling out financing that lets customers walk out with a new handset for nothing down. It does this by spreading not just the device but its taxes and fees over three years. The reason its executives give is unusually blunt: chips are getting dearer, […]
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The legal fight between Apple and OpenAI turned public and personal this week. OpenAI published a blog post titled “Apple is getting this wrong,” airing private messages and emails to rebut Apple’s trade-secrets lawsuit. On the same day, Apple escalated in court. Two former partners are now trading blows in the open. Apple sued in […]
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A self-spreading worm tore through npm on Tuesday. It poisoned hundreds of packages that huge swathes of the software world quietly rely on. Researchers named it ChainDrop. It is a bigger, meaner descendant of the smaller Shai-Hulud attack that hit the registry earlier this summer. It began by hijacking the GitHub account of the developer […]
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A worm tore through npm by making the malware look perfectly legitimate Read More »
OpenAI has agreed to pay $3.2m to settle a US government claim. The allegation: it favoured workers on temporary visas over American workers. The Justice Department announced the deal on Tuesday. It resolves claims that the company broke federal anti-discrimination law when recruiting for a set of roles. The department’s Civil Rights Division said OpenAI […]
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OpenAI pays $3.2m to settle a US claim it favoured visa workers over Americans Read More »
Apple has crossed $10bn in annual sales in India for the first time. The milestone says as much about where the company is heading as where it has been. Revenue for the year to March topped $10bn, Bloomberg reported. That is up from about $9bn a year earlier, and $6bn two years before. iPhones made […]
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Apple just passed $10bn in India, a country where it charges more than it does at home Read More »
Snap had a good quarter, and the market treated it like a rescue. The shares jumped after hours, up as much as 13%, once the company beat estimates. The catch is where that rally begins: a stock near its all-time lows, down about 37% this year. The headline numbers were genuinely good. Revenue rose 19% […]
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Snap is losing its $10 users and gaining $1 ones. It beat anyway, and the stock jumped. Read More »
Spotify gave investors a number they did not love. The streaming company guided to third-quarter operating income of €670m, just short of the €678m Wall Street had pencilled in, and the stock has already had a rough year. Spotify is also fighting on newer fronts. A flood of AI-generated tracks has swamped streaming, and rivals […]
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Spotify guides Q3 profit below estimates as user growth slows Read More »
The Big Four built its fortune on armies of junior consultants and accountants. PwC has started hiring fewer of them. Its US boss says that is the future, and he is comfortable with it. Paul Griggs, PwC’s US senior partner and chief executive, told Business Insider the firm hired fewer consultants and accountants this year […]
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SpaceX has a scheduling problem that is really a strategy. As it launches ever more of its own Starlink satellites, the company is crowding rivals off the very rockets those rivals depend on. The squeeze is visible in the manifest. Starlink’s share of Falcon 9 missions has climbed from 54% in 2020 to roughly 79% […]
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SpaceX is crowding rivals off the rockets they depend on Read More »