Human resources software firm Workday said Wednesday it would lay off 1,750 employees, 8.5% of its workforce. Its shares rose more than 6%. In a statement, CEO Carl Eschenbach said the company would continue hiring in high-priority areas like AI product development. Workday last year launched an ... Read more ›
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MicroStrategy, the software maker that has turned itself into one of the world’s biggest bitcoin buyers, says it’s changing its name to Strategy. The Tysons Corner, Virginia-based firm says the rebrand, which also includes changing its logo to an orange “B”, reflects its focus and broad appeal ... Read more ›
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President Donald Trump’s weekend decision to simultaneously hike tariffs and eliminate a popular duty-free import method for direct-from-China sellers including Temu and Shein has forced e-commerce companies, logistics firms and customs authorities into triage mode to minimize disruptions. The most immediate headache is figuring out how to meet stiffer customs entry requirements now that retailers can’t use the tariff-free entry method, known as de minimis, for shipments from China. One... Read more ›
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To understand how OpenAI has been improving the quality of its reasoning models in recent months, check out the following question the company recently asked scores of biology PhDs:“Please write a summary of wet-lab experimental approaches available before August 2024 for assessing in parallel the gene expression effects of many different variants in human non-coding regulatory DNA sequences (e.g., promoters & enhancers). For each approach, note how the gene expression... Read more ›
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Disney’s streaming business posted another quarter of profits as the company seeks to generate $1 billion in profits for Disney+ and Hulu during its fiscal 2025. The company said its direct-to-consumer division, which encompasses Disney+ and Hulu, generated an operating income of $293 million ... Read more ›
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Investors in artificial intelligence startups have been wowed by the growth of many young AI startups, which are hitting revenue milestones years earlier than a previous generation of software companies did. But they are worried many of those startups won’t be able to hang on to this phenomenal growth—and are hunting for clues on which ones will survive. To do so, they’re zeroing in on a favored metric of enterprise... Read more ›
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China’s anti-monopoly regulator is weighing a probe into Apple over its App Store policies, Bloomberg reported. Officials from China’s State Administration for Market Regulation have spoken to Apple executives and app developers since last year, which was before President Donald Trump took ... Read more ›
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Google has ended a policy against using artificial intelligence for weapons or surveillance, six years after first committing to the restriction. OpenAI made a similar change at the beginning of last year. Google’s new policy says it would use AI responsibly by “implementing appropriate human ... Read more ›
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The U.S. Postal Services said on Tuesday that it would temporarily suspend acceptance of inbound international parcels from China and Hong Kong Posts until further notice, after President Trump’s order to plug a trade loophole used by the likes of Shein and Temu took effect. Trump on Saturday ... Read more ›
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Robotaxi company Cruise laid off nearly 50% of its workers Tuesday after parent General Motors stopped Cruise’s robotaxi development work because of increasing competition and problems stemming from a pedestrian accident. GM also said it had completed the purchase, announced in December, to buy ... Read more ›
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The federal judge hearing opening arguments in Elon Musk’s lawsuit against OpenAI and its main backer Microsoft, which seeks to block the ChatGPT maker’s conversion to a for-profit company, said it would be unusual for the court to issue the temporary injunction that Musk is seeking. The judge ... Read more ›
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Tech’s AI-driven capex splurge lives! Google parent Alphabet today said it expected to lay out $75 billion on capital expenditures this year, a 43% lift over 2024. That puts Google very close to Microsoft, which has said it will spend $80 billion building artificial intelligence data centers in its fiscal year ending June. Meta Platforms, with plans to spend as much as $65 billion on capex, is only a little... Read more ›
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Shares of Advanced Micro Devices dropped nearly 9% in after-hours trading as investors reacted to a tepid sales forecast for its current quarter and GPU sales figures that show the chip designer is still lagging far behind Nvidia. AMD generated more than $5 billion in sales from the MI300, its ... Read more ›
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We’re hearing a lot of YouTube creators and media executives have already descended on New Orleans ahead of Super Bowl Sunday. Back at home in rainy Mountain View, Google leaders have been talking up the last national event that boosted YouTube—the 2024 presidential election. In a call with investors late Tuesday, Alphabet CEO Sundar Pichai said more than 45 million viewers in the U.S. watched election-related content on YouTube on... Read more ›
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The U.S. should start a sovereign wealth fund and maybe it should invest in TikTok, President Trump suggested earlier this week. Well, maybe. But if the fund ever does come to life, its money would be arguably better spent on a bigger, more speculative investment: Stargate, the $500 billion OpenAI-SoftBank-Oracle data center expansion that Trump announced last month.Plans for both the sovereign wealth fund and Stargate are hazy and easy... Read more ›
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Andreessen Horowitz has hired Daniel Penny, a former Marine acquitted of choking a homeless man to death on a New York subway, as an investing partner in its American Dynamism fund, the fund’s leader David Ulevitch said in an internal memo on Tuesday. “I believe, as I know many of you do, that ... Read more ›
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Alphabet’s revenue grew 12% year-over-year to $96.5 billion in the fourth quarter of 2024, three percentage points slower than growth in the third quarter, and growth in its rentals of cloud servers slowed by five percentage points compared to the prior quarter. Despite not showing a business ... Read more ›
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Republican Senator Bill Hagerty on Tuesday introduced a bill to create a regulatory framework on stablecoins, representing the first push in Congress to pass a crypto legislation under the new Trump administration. Stablecoins—crypto tokens pegged to dollars and backed by U.S. treasuries and ... Read more ›
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Snap’s revenue grew 14% in the last quarter to $1.56 billion, buoyed in part by the growth of its subscription service Snapchat+, which hit 14 million subscribers in 2024. The results triggered Snap’s stock to jump in after-hours trading Tuesday. While the financial report showed bright spots ... Read more ›
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Fintech startup Deel said Tuesday General Catalyst and other investors have bought $300 million in shares owned by early investors. Abu Dhabi-based sovereign wealth fund Mubadala was one of the investors, according to CNBC. The sale valued the startup, which provides payroll and human resources ... Read more ›
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24.03.2026 10:37
Last update: 10:30 EDT.
News rating updated: 16:32.
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