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We’re in a tech layoff era again—although a more accurate term may be an “employee replacement” phase. Meta Platforms told staff on Thursday it plans to lay off 10% of its staff, or about 8,000 people, next month. (The next few weeks won’t be fun at Meta!) The latest layoffs follow Meta’s cuts of about 2,000 people earlier this year and a spate of such cuts elsewhere at Snap, Amazon and Microsoft. Most companies herald these moves as a sign of cost discipline—something Wall Street wants to hear—but if his
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An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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IPO-bound insurtech unicorn Acko has announced a slew of new appointments to its top brass. The startup has roped in… Read more ›
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When Praveer Kocchar, the cofounder of KOGO AI, an enterprise AI platform, was asked about his first enterprise deal, he… Read more ›
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XRP lost another major support level on heavy selling, with traders now focused on whether buyers can defend the $1.20 area after a 15-week low. Read more ›
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![[Перевод] Порт классической программы 3D Movie Maker для Linux](https://times42.com/media/6/7/4/12523674_640x200.jpg "[Перевод] Порт классической программы 3D Movie Maker для Linux")
А вы знали, что теперь можно нативно запускать Microsoft 3D Movie Maker в Linux? В течение последних полутора лет я работал над 3DMMEx — моим портом исходников 3D Movie Maker. Одной из целей моего форка была портируемость. Недавно проект достиг важного этапа: теперь он компилируется и запускается в Linux, благодаря чему 3DMMEx стал первым из известных форков 3D Movie Maker, работающих вне Windows! В этом посте я расскажу о некоторых... Read more ›
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A number of companies, including Snap, GitLab, and Wix, have attributed recent staff reductions to AI. Read more ›
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The Information
Qualcomm has reached a deal with ByteDance to supply chips for AI data centers to the Chinese tech giant, Bloomberg reported. The deal comes as Qualcomm, one of the world’s largest suppliers of smartphone processors, is trying to increase its presence in chips for AI computing. As part of the ... Read more ›
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ByteDance is considering more than doubling its capital expenditures this year to as much as $70 billion, as the Chinese tech giant ramps up its investment in data centers and other AI infrastructure, Bloomberg reported. ByteDance’s capex plans reflect the surging costs of compute in the AI ... Read more ›
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Chinese social media giant Kuaishou Technology said on Wednesday that its Kling AI video business reached an annualized revenue of about $500 million in March. Kling, which develops and sells AI video generation models, generated more than 650 million yuan ($96 million) in revenue in the first ... Read more ›
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In Russia, making bets on Polymarket isn’t permitted by the popular online prediction market’s rules. But that hasn’t stopped Ruslan Kashaev, a software developer who lives in the small Russian city of Ufa, a 15-hour drive from Moscow, from turning the site into a lucrative source of income. Using automated trading bots hosted on the Telegram encrypted messaging service, Kashaev has convinced thousands of Russian-speaking traders to bet on Polymarket.... Read more ›
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If you wander into the Manhattan office of AI startup Basis on a workday, you’ll see most of its 100 or so staffers whispering quietly into gooseneck microphones at their desks. They aren’t taking phone calls or talking with other humans at all. They’re speaking softly to their AI agents and chatbots. Such whispering has become a common sight at firms working at the bleeding edge of the field. Speed... Read more ›
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Most everyday investors can’t buy shares of hot private companies like SpaceX and OpenAI before they go public. With potential mega-IPOs looming this year, prediction markets like Polymarket and Kalshi are turning that hype into tradable bets. Users are flocking to yes-or-no bets on milestones like valuations and IPO timelines, betting with contracts that trade in cents and pay out $1 if the buyer is right. That’s helping prediction markets... Read more ›
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Amazon is marketing a new service to let other retailers take advantage of its AI shopping assistant technology. For the past two years, Amazon has offered an AI shopping chatbot on its main retail site, which was originally called Rufus, but earlier this month was rebranded to Alexa for ... Read more ›
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OpenAI’s foundation will grant $250 million in funding to promote research into the impact of artificial intelligence on the economy and jobs, the company said in a blog post on Wednesday. The company’s charitable arm was separated from OpenAI’s for-profit business last fall as part of a ... Read more ›
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Coding startup Cognition has raised more than $1 billion in a funding round that valued the company at $26 billion including the investment, the company said in a blog post. That’s nearly double its valuation from its last fundraise, which valued the three-year-old company at about $10 billion ... Read more ›
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United Texas Bank, a crypto-friendly bank, said it successfully switched its regulator through a charter conversion, despite being under a consent order. The move will help it grow its business serving digital asset firms and foreign banks. The Dallas-based bank, which has about $1 billion in ... Read more ›
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03.06.2026 01:58
Last update: 01:50 EDT.
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