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Meta has had a miserable year on the market, flat while the Nasdaq-100 climbed 18%. That changed abruptly, with the stock posting its best week since early 2024, CNBC reports. Shares rose about 6% on Friday and roughly 15% across the week. The move was not driven by advertising, the business that actually makes Meta’s money. […]
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Amazon’s cuts have reached a scale that is hard to absorb. The company has laid off more than 57,000 corporate staff since 2022, around 16% of that workforce, CNBC reports. The pace has accelerated sharply. Roughly 16,000 people went in late January, three months after more than 14,000 others, the steepest cuts in the company’s history. […]
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Amazon has cut 57,000 jobs, and the people who kept theirs are not fine either Read More »
The most visible race in brain-computer interfaces involves surgery. But one of China’s most valuable neurotech firms is deliberately not competing in it, CNBC reports. BrainCo, based in Hangzhou, builds devices that read the brain from outside the skull. Headbands and caps pick up electrical signals through the scalp, with no operating theatre involved. The company […]
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Executives building the AI boom are unwavering. Demand is effectively bottomless, they say, even as the stocks that ride on it wobble, CNBC reports. Pat Gelsinger, the former Intel chief now at Playground Global, put it plainly. He thinks of AI demand as almost unlimited, with energy availability “the only real limiter”. The order books support […]
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The European Commission issued preliminary findings on Friday accusing Meta of building Facebook and Instagram to be addictive, giving the company a formal opportunity to respond before Brussels reaches a final decision that could trigger fines of up to 6% of its global annual revenue. Based on Meta’s 2025 turnover of roughly $201 billion, that […]
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OpenAI’s head of safety systems, Johannes Heidecke, is leaving the company following an internal restructuring that merges its safety and research teams under a single leader, Wired reported on Friday. Chief Research Officer Mark Chen told staff in a memo that safety teams would now report to Mia Glaese, whose title has been expanded to […]
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OpenAI has folded safety into research again. Its head of safety is leaving. Read More »
Meta has pulled its Muse Image AI feature from Instagram and the Meta AI app just three days after launch, saying the tool “missed the mark” on user privacy. The model, the first image generator to emerge from Meta Superintelligence Labs under chief AI officer Alexandr Wang, launched on Tuesday with a design flaw that proved […]
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Meta killed its Muse Image AI feature three days after launch. Hollywood had had enough. Read More »
Apple has sued OpenAI in a California federal court, accusing the ChatGPT maker of using current and former employees to steal hardware designs as it prepares to launch AI-focused consumer devices. The lawsuit, filed on Friday, names OpenAI’s chief hardware officer Tang Tan and former Apple engineer Chang Liu, and alleges a pattern of misconduct […]
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Volkswagen has announced plans to gut its sprawling product range as it fights the worst crisis in its history. The carmaker will cut its model lineup by up to half over the coming years, CNBC reports. The group will also shrink production capacity to nine million vehicles a year. That is well below the 12 million […]
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Volkswagen will halve its model range, but stays silent on the 100,000 job cuts Read More »
An investment firm is offering a way to invest in the broad market without owning Elon Musk’s companies. New York-based Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, Bloomberg reports. One fund tracks the Nasdaq-100 and the other the S&P 500. Both exclude any company “founded, controlled or led by” Musk. The products […]
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New ‘Ex-Elon’ ETFs let investors track the market while skipping Musk’s companies Read More »