EV startup Fisker Inc. has initiated another round of layoffs in an effort to conserve cash. BARCELONA, SPAIN - FEBRUARY 28: A logo sits illuminated outside the Fisker booth at the SK telecom booth on day 1 of the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain.
Industry
AMD Anticipates Selling $4 Billion in AI Chips in 2024
Advanced Micro Devices Inc. (AMD) disclosed quarterly results that met Wall Street's expectations, but the stock didn't rise since the firm only matched the consensus estimate with its midpoint projection.
Microsoft's Investment in OpenAI Was Sparked by Fears of Google's AI Dominance: Report
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
US Senate Approves Banning Import of Russian Uranium
The US Senate has passed a legislation to ban the import of enriched uranium from Russia. This pool photograph distributed by Russian state owned agency Sputnik shows Russian President Vladimir Putin attending a ceremony dedicated to the first uranium delivery for the Russia-backed nuclear plant at Rooppur in Bangladesh, via a video link in Sochi on October 5, 2023.
NBCUniversal's NBA Bid Sends Warner Bros. Discovery Shares Plummeting to Record Low
Warner Bros. Discovery shares plummet 10% as NBCUniversal bids $2.5 billion for NBA broadcast rights.
Latest News
Google has conducted layoffs affecting teams working on projects like Flutter, Dart, and Python. This illustration photograph taken on December 22, 2023, shows the logo of US multinational technology and Internet-related services company Google displayed on a smartphone's screen, in Frankfurt am Main, western Germany.
Paramount Global CEO Bob Bakish has announced his departure from the company. The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California on March 9, 2023.
Yahoo Singapore overhauls operations, dismissing editorial and social teams. Shift towards content curation with layoffs affecting 17 staff.
Goldman Sachs and Barclays are reportedly vying to acquire General Motors' credit card business.
Dubai announced that construction had begun on a new terminal at Al Maktoum International Airport, which the Gulf emirate's ruler claimed will be "the world's largest."
NEOM, a subsidiary of Saudi Arabia's sovereign wealth fund, secures new financing finality. Tarek Qaddumi (R), executive director of the Saudi Arabia mega-project NEOM, gestures at a map showing NEOM sites as he stands beside Nicholas Ho (L), the top Hong Kong official responsible for implementing China's Belt and Road Initiative, at an exhibition at the M+ museum for visual culture in Hong Kong on April 19, 2024.
President William Ruto revealed ongoing discussions with companies such as Marathon Digital, signaling a possible transformation in Kenya's economic terrain.
The OpenAI Startup Fund has quietly concluded a $15 million funding round. The OpenAI Startup Fund has quietly concluded a $15 million funding round. This venture fund, which is related to but technically separate from OpenAI, invests in early-stage AI-related firms.
US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank. US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank.
