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Oracle’s workforce shrank by about 13% as it bankrolls its AI buildout

Oracle ended its 2026 fiscal year with about 21,000 fewer employees than it started with, a reduction of roughly 13% that ranks among the deepest in the company’s history. The figure, disclosed in the company’s annual filing, puts a number on a process staff had been living through since the spring, when termination emails began […]

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SpaceX shares slide again as the post-IPO rally keeps unwinding

SpaceX shares looked poised to fall again as US markets reopened after the long weekend, extending a slide that has already erased much of the euphoria from the largest stock-market debut in history. The stock closed last week around $185, down roughly 18 per cent from the $225.64 it touched on 16 June, four days […]

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The Bank of England backs down on its toughest stablecoin rules

When the Bank of England first sketched out how it would regulate stablecoins, the industry read the draft and recoiled. Caps on how much any one person could hold, conservative rules on what the coins could be backed by: critics said the regime would make real-world use almost impossible and send, in the words of […]

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Korea’s policy chief warns chip windfall could inflate housing

A semiconductor boom is a fine problem for a country to have, until you start asking where the money goes. That is roughly the question South Korea’s top economic policymaker put to the public this week. Kim Yong-beom, who heads policy planning in the presidential office, warned that the windfall from the AI-driven chip surge […]

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WeChat begins testing Xiaowei as Tencent eyes a Q3 AI rollout

WeChat is the rare app that already does almost everything. Chinese users message, pay, book, shop, and summon a taxi without ever leaving it, which is exactly what makes Tencent’s next move interesting: rather than build a separate chatbot and fight for downloads, it is putting an AI assistant on top of the app a […]

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SK Hynix overtakes Samsung as Korea’s most valuable company

For a quarter of a century, the most valuable company in South Korea was Samsung Electronics, and the question was never really open. On Wednesday it became open, and then it closed the other way. SK Hynix, the smaller of the country’s two memory-chip makers, passed Samsung in market capitalisation during intraday trading, taking the […]

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AI cheating tools are winning. Detection was never the point.

The videos are everywhere, and the offer is always the same. Let AI do your homework, and you will not get caught. According to a New York Times investigation, TikTok and YouTube are now full of tutorials selling students two kinds of tool. Humanisers rewrite AI-generated text so it no longer reads like a chatbot. […]

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Turkey clears Uber’s acquisition of Getir’s delivery business

Uber has cleared the last regulatory hurdle to buying Getir’s delivery business in Turkey. The country’s Competition Board approved the US company’s acquisition of the delivery arm from Getir’s Emirati controlling shareholder, Mubadala, on Friday, ending a review that began when the deal was struck in February and clearing the way for Uber to deepen […]

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Dream raises $260m at $3bn, tripling its value in 16 months

Sixteen months ago, Dream was a billion-dollar company. This week it is worth three. The Israeli AI and cybersecurity firm has raised $260m in a round that valued it at $3bn, nearly tripling the $1.1bn it commanded in February 2025, a pace of revaluation that says as much about the market for defensive AI as […]

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7 best receipt photobooths for commercial use in 2026

Searches for “receipt photo booth” climbed more than 680% over the past year, and the category jumped from a niche TikTok trend to a real fixture in cafes, flagship stores, and brand activations. If you run a space or a marketing team, picking from the best receipt photobooths for commercial use now means weighing build quality, […]

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