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Porsche is cutting another 5,000 jobs. Total layoffs now approach 9,400.

Business, Cars, Digital Marketing, Electric vehicle, SEO Tips, Technology /

Porsche will cut another 5,000 jobs by 2035 under a second restructuring package agreed between management and labour representatives. The cuts come on top of 3,900 job reductions and an additional 500 announced by CEO Michael Leiters earlier this year, bringing total planned layoffs close to 9,400. The Volkswagen subsidiary described the reductions as “socially […]

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This $470mn nuclear startup is racing a presidential deadline, not the AI boom

Business, Deep tech, Digital Marketing, Government and policy, SEO Tips, Sustainability, Technology, United States /

Most of the money pouring into small nuclear reactors is chasing AI data centres. This round is chasing a date. Antares has raised $470mn, co-led by Paradigm and Caffeinated Capital, with Point72 Ventures, Shine Capital and Industrious Ventures joining. The split is $370mn of equity and $100mn of debt, Bloomberg reported. The company was founded […]

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A development bank just built a €1.4bn insurer in two years

Artificial Intelligence, Business, Digital Marketing, Europe, Fintech and ecommerce, SEO Tips, Startups and technology, Technology /

A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the venture arm of the European Bank for Reconstruction and Development. The round is €20.1mn, or about $22.5mn, at a €1.4bn valuation, EU-Startups […]

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CXMT’s founder is giving 40% of his new fortune to his workers

Asia, Business, China, Deep tech, Digital Marketing, Future of work, SEO Tips, Technology /

Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according to the Bloomberg Billionaires Index. About 40% of that is […]

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Starship came home in one piece, and SpaceX finally got to look at an undamaged heatshield

Business, Deep tech, Digital Marketing, SEO Tips, Space, SpaceX, Technology, United States /

The headline number from Starship’s 13th flight is not 20 satellites. It is one word in SpaceX’s own flight report: intact. Starship lifted off from Starbase in Texas at 5:51pm on Friday, after delays and engine replacements pushed the attempt back. It was the second flight of the V3 vehicles. It was also the first […]

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Google has promised to pay $44bn of rent on buildings it will never own

Anthropic, Artificial Intelligence, Business, Digital Marketing, Google, SEO Tips, Technology, United States /

Start with the number, because the number moved fast. Google has agreed to cover as much as $44bn of lease payments on data centres owned by other people, should the tenant default. It disclosed the figure last week. At the end of September the same commitment stood at $6.5bn, The Information reported. That is close […]

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Nadella won’t call it a bubble. He’ll only say how it ends badly.

Artificial Intelligence, Business, Digital Marketing, Finance, Microsoft, SEO Tips, Technology, United States /

Fareed Zakaria opened with the question everyone is circling. Are we in an AI bubble, and has it begun to deflate? OpenAI has promised to spend hundreds of billions while making a fraction of that, he noted. The maths does not add up. Nadella did not push back. He reframed the question as a test […]

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A million words costs $50 from Anthropic and 87 cents from DeepSeek. Corporate America noticed.

Anthropic, Artificial Intelligence, Business, China, Corporates and innovation, Digital Marketing, SEO Tips, Technology /

Roughly 750,000 words of AI output costs $50 if you buy it from Anthropic’s Fable. The same volume from DeepSeek’s V4-Pro costs about 87 cents, Fortune reported. Z.AI’s GLM-5.2 charges $4.40. Moonshot’s Kimi K3, pricey by Chinese standards, charges $15. Corporate America has noticed. Companies spent a year competing to burn tokens. Now they shop […]

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A million words costs $50 from Anthropic and 87 cents from DeepSeek. Corporate America noticed. Read More »

CXMT soared 466% on day one to become China’s most valuable onshore company

Artificial Intelligence, Asia, Business, China, Deep tech, Digital Marketing, SEO Tips, Technology /

China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 trillion yuan, or about $485bn. The numbers are hard to overstate. CXMT priced […]

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Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO

Business, Digital Marketing, Finance, SEO Tips, Technology /

Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer disclosed annual revenue of $41.8 billion for 2025, up roughly 8% on the year before, alongside a net profit that fell 38.7% to $2.064 billion. Growth, of a sort, bought at a visibly thinner margin. The document, cleared by […]

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