DoorDash Stock Falls 9% After Missing Earnings and Announcing Major Spending Plans
DoorDash shares fell 9% on Thursday after the company reported third-quarter earnings that missed analyst expectations and said it plans to spend “several hundred million dollars” on new projects and…
Microsoft Introduces New Employee Channel to Report Ethical Concerns After Middle East Backlash
Microsoft is giving its more than 200,000 employees a formal way to raise ethical or human rights concerns about how the company’s technology is used, following weeks of internal unrest…
Epic Games CEO Hails Google Antitrust Settlement as Milestone for Android Openness
Epic Games CEO Tim Sweeney praised Google’s proposed settlement in the companies’ ongoing antitrust dispute, calling it a “comprehensive solution” that strengthens Android’s vision as an open platform. The deal,…
Amazon Sends Cease-and-Desist Letter to Perplexity Over AI Shopping Agent
Amazon has issued a legal threat to Perplexity, demanding that the AI search startup remove its agentic browser, Comet, from operating on Amazon’s online store. The dispute centers on Perplexity’s…
Trump Re-Nominates Jared Isaacman to Lead NASA After Earlier Withdrawal
President Donald Trump announced on Tuesday that he is re-nominating Jared Isaacman, founder of Shift4 and a private astronaut, to head NASA, months after previously withdrawing the nomination. The decision,…
Goldman Sachs Leads $100 Million Funding Round for MoEngage to Drive Global AI Expansion
MoEngage, a customer engagement platform serving consumer brands in 75 countries, has raised $100 million in Series F funding, led by Goldman Sachs Alternatives and joined by new investor A91…
Microsoft Signs $9.7 Billion Deal With Australia’s IREN for AI Cloud Expansion
Microsoft has signed a $9.7 billion, five-year agreement with Australia’s IREN to secure additional AI cloud computing capacity, continuing its global push to expand infrastructure supporting artificial intelligence services. The…
LG Founder’s Grandson Launches Joint Venture to Develop AI Infrastructure for Filmmaking
A new joint venture called Utopai East has been formed to develop artificial intelligence infrastructure for film and television production, marking an effort to merge creative workflows with advanced computing…
Alphabet’s X Lab Spins Out More ‘Moonshot’ Projects as Independent Companies Through New Venture Fund
Alphabet’s X, the research lab known for its experimental “moonshot” projects, is restructuring how it brings ambitious technologies to market by increasingly spinning them out as independent companies rather than…
Microsoft to Expand Workforce With ‘More Leverage’ Through AI Integration, Says CEO Satya Nadella
Microsoft plans to increase hiring after a year of workforce reductions, but CEO Satya Nadella said the company’s future growth will come with “a lot more leverage” enabled by artificial…
Meta Secures Nearly 1 GW of Solar Power to Support Expanding AI Energy Demands
Meta signed three major solar energy agreements this week totaling nearly 1 gigawatt of capacity, marking a significant step in its effort to supply the growing electricity needs of its…
Tesla’s Record Revenue Overshadowed by Declining Profits
Tesla Inc. announced record revenue for the third quarter of 2023, but its profits hit an 18-month low. Under the leadership of CEO Elon Musk, the electric vehicle maker posted…
Dutch Government Seizes Control of China-Owned Chip Company
The Dutch government has assumed control of Nexperia, a Chinese-owned chipmaker in the Netherlands, by invoking the Goods Availability Act. This “highly exceptional” decision aims to safeguard the European supply…
Strava Considers IPO as Gen Z Swaps Dating Apps for Running Clubs
Strava, the 16-year-old fitness-tracking application, is making preparations to go public, according to reporting by the Financial Times. CEO Michael Martin told the publication that the San Francisco-based company plans…
Peter Thiel Allegedly Compared Greta Thunberg and AI Skeptics to the Antichrist
Billionaire Peter Thiel, the co-founder of PayPal and Palantir, reportedly referred to climate activist Greta Thunberg and prominent AI critics as “legionnaires of the antichrist,” according to a recording of…
Chinese Company Plans £1.5B Turbine Factory in Scotland
A Chinese energy company, Ming Yang, the largest private wind turbine manufacturer in China, has announced significant plans to build the UK’s largest wind turbine manufacturing facility in Scotland. The…