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Oracle’s global workforce fell to 141,000 full-time employees as of 31 May 2026, down from 162,000 a year earlier, a net reduction of roughly 21,000 people. The company’s annual regulatory filing stated plainly that “the adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce.” It […]
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As a result of the lawsuit Epic Games filed against Google, Google is making major changes to its Play Store worldwide. Google today said it would soon lower fees and start accepting alternative payment options. App developers will be able to offer payment options other than Google's in-app billing system in the UK, European Economic Area, and United States. Developers can use the billing system of their choice and link... Read more ›
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It’s Wednesday, June 24, 2026, and today’s funding tape was not a broad-based venture rebound. It was a concentrated bet on production AI: systems that make real decisions, move money, route patients, govern agents, search the live web for machines ... Read more ›
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This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: President Donald Trump is sabotaging a rare bipartisan legislative win for a bill with no chance of passage. What’s happening? Trump was set to sign […] Read more ›
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The Next Web
ECB President Christine Lagarde warned on Wednesday that artificial intelligence could trigger dangerous financial crises and called for global AI governance modelled on the Cold War-era non-proliferation agreements that kept the world safe from nuclear weapons. She spoke in Venice, the sharpest framing yet from a central bank chief on the systemic risks AI poses […] This story continues at The Next Web Read more ›
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Parafin, an embedded financial infrastructure company on the 2026 Forbes Fintech 50 list, has secured a new credit facility led by Goldman Sachs alongside One William Street Capital Management. The facility will expand access to embedded lending for small businesses through platforms including Amazon, DoorDash, Gusto, TikTok Shop, and Walmart. The company’s model is straightforward. […] This story continues at The Next Web Read more ›
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The news that Apple had agreed to make its chips in the United States did not come from Apple. It came, on Thursday, from a post by President Donald Trump on Truth Social, announcing that the company had agreed to work with Intel to design and manufacture chips on American soil. Apple, for its part, […] This story continues at The Next Web Read more ›
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The memo, when it came, was about a transition rather than a departure. Emily Dalton Smith, the Meta executive who had spent barely two months running the company’s push to reorganise itself around AI agents, is leaving. She joined Meta in 2015. She is going just as the work she was hired to lead was […] This story continues at The Next Web Read more ›
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SK Hynix said on Thursday that it had begun shipping samples of HBM4E, its next generation of high-bandwidth memory for AI, to major customers. The number that matters is the one the chipmaker is leading with: a 12-layer stack reaching 48GB of capacity, running at up to 16Gbps per pin, with power efficiency improved by […] This story continues at The Next Web Read more ›
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Noam Shazeer is leaving Google for OpenAI. The man widely credited as a principal architect of Google’s Gemini models and a co-author of the 2017 transformer paper that underpins virtually every modern large language model announced the move himself, on X: “I’m excited to share that I’ll be joining OpenAI and look forward to working […] This story continues at The Next Web Read more ›
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Apple is going to raise prices, and Tim Cook is no longer pretending otherwise. In an interview with the Wall Street Journal, the chief executive said the company could not keep absorbing the soaring cost of memory and storage chips. “Unfortunately, price increases are unavoidable,” he said. The line is notable mostly because Apple has […] This story continues at The Next Web Read more ›
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JPMorgan Chase has stopped its staff in Hong Kong from using Anthropic’s AI models, according to the Financial Times, a quiet decision with loud implications. The bank removed Anthropic’s Claude from the internal drop-down list of approved large language models available to employees in the territory, the FT reported, leaving them without access to one […] This story continues at The Next Web Read more ›
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The European Union’s cybersecurity agency was due to meet Anthropic on Thursday, the European Commission confirmed, a meeting arranged before Washington made it considerably more awkward. ENISA, the EU’s cybersecurity body, had been invited to talks with the AI company that were set in motion weeks earlier, well ahead of the US export directive now […] This story continues at The Next Web Read more ›
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Robert Bosch, the German engineering group, has agreed to pay the United States $36m to settle claims that two of its non-US subsidiaries shipped sensor products and software to China’s Huawei without the required licences. The US Commerce Department announced the settlement on Wednesday. The goods, worth more than $70m, went out on over 100 […] This story continues at The Next Web Read more ›
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24.06.2026 18:54
Last update: 18:45 EDT.
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