The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
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Nvidia Finally Faces DOJ Antitrust Investigation After Push From Senator Warren and US Progressives
The U.S. Department of Justice has launched an antitrust investigation into Nvidia for allegedly misusing its dominant position in the AI chip market to unfairly disadvantage competitors, following a push from competitors, groups, and even the Senate.
Turkey Bans Instagram After Removing Posts About Hamas Leader
Turkey blocked 50 million Turkish users' access to Instagram, reportedly in response to the platform removing posts about the death of Hamas leader Ismail Haniyeh.
Here’s Why Paris Olympics May Be Recalled as a Historical Flop
Compared to previous versions of the games, there seemed to be a crisis the Paris Olympics is facing on promoting the competitions, the general preparations and contingencies the French government is facing, and the moral integrity of the global athletic system.
CrowdStrike Sued by Shareholders for Defrauding Investors, Causing Global Tech Outage
The shareholders also noted that CrowdStrike's share price fell more than 30% in the days following the global tech outage.
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The person behind the social media handle DogPack404, only identified as Dawson, has been issued two cease and desist orders from MrBeast, the social media brand headed by embattled YouTuber Jimmy Donaldson, after accusations of fraudulent practices.
The expense of waste disposal is considerable, and frequently, the potential value of waste materials remains untapped. Fortunately, SCO2, Inc. has developed an innovative solution that not only cuts down on waste but taps into its potential. Under the guidance of Co-Founder Olaf N. Lee and CEO Michael Sigel, SCO2 is leveraging advanced supercritical CO2 separation technology to revolutionize industrial-scale waste management in the food processing sector.
The Dow had already plunged more than 700 points earlier in the session. Stocks tumbled Thursday, with the Dow Jones Industrial Average closing nearly 500 points lower after fresh data stoked concerns of a potential recession.
Apple's revenue was boosted by sales of Macs and iPads, which offset the weak demand for iPhones.
Ex-CNN anchor Don Lemon filed a lawsuit against Elon Musk and X, alleging breach of contract and reputational damage after the platform canceled their partnership despite prior agreements and promises.
Senate Democrats are pushing for a vote on a $79 billion tax cut package, which includes an expanded child tax credit benefiting 16 million families, but face Republican resistance and procedural hurdles.
Qihoo 360 claims its recent U.S. sanctions are due to its discovery of CIA and NSA spying on China and its role in strengthening Chinese cybersecurity.
Nvidia faces calls from U.S. progressive groups and Senator Elizabeth Warren for a DOJ investigation into its potential anticompetitive practices amid its dominant position in the AI chip market.
