Business

Data-labeling startup Scale AI is laying off approximately 200 employees, about 14% of its staff, and ending contracts with 500 global contractors, according to Bloomberg. These workforce reductions come just…

A major class action lawsuit seeking over $8 billion in damages against Meta CEO Mark Zuckerberg and other current and former company leaders is set to begin Wednesday. The suit…

Chinese toy maker Pop Mart is celebrating a huge financial win. The company expects its profits for the first half of this year to rise by at least 350% compared…

Tesla Chief Financial Officer Vaibhav Taneja executed two stock sales last week, offloading roughly $1.2 million on July 7 and another $587,880 on July 8, according to recent securities filings.…

Mark Zuckerberg, founder of Meta, announced that the company will invest hundreds of billions of dollars building vast AI data centers across the United States, aimed at powering advanced artificial…

A San Francisco judge ruled this week that former CNN anchor Don Lemon’s lawsuit against Elon Musk and his social media platform X can move forward to trial. The suit…

Starbucks announced on Monday that its corporate employees will be required to work from the office four days per week beginning in October. Voluntary Exit Program Offered CEO Brian Niccol…

China’s Geely Auto is moving to take its luxury electric vehicle subsidiary, Zeekr, private just over a year after the company went public on the New York Stock Exchange. This…

The U.S. Department of Defense announced on Monday contract awards of up to $200 million for artificial intelligence development projects involving Anthropic, Google, OpenAI, and Elon Musk’s xAI. The DoD’s…

Weekly subscriptions have become a major driver of revenue for iOS apps, now accounting for 46% of total earnings, according to a new report by app revenue management platform Adapty.…

Elon Musk on Monday stated he does not support merging his artificial intelligence company, xAI, with electric automaker Tesla, amid ongoing speculation about how the two businesses might collaborate or…

TikTok CEO Shou Chew has formally requested an urgent meeting with Industry Minister Mélanie Joly concerning the federal government’s order for the company to cease its Canadian operations. Chew’s letter,…

Tesla has officially entered the Indian market with the opening of its first showroom, marking a significant milestone nearly nine years after CEO Elon Musk first hinted at the move…

One of Elon Musk’s companies may soon be making a significant financial commitment to another. According to a Wall Street Journal report citing investors close to SpaceX, the aerospace firm…

Ford is recalling certain 2021-2023 Bronco Sport models due to a software fault in the SYNC 3 infotainment system that can cause backup camera failures. This issue limits the driver’s…

Elon Musk’s AI company, xAI, released its latest flagship model, Grok 4, late Wednesday, along with a new premium subscription plan called SuperGrok Heavy priced at $300 per month. Competing…

Nvidia has made history as the first company to reach a $4 trillion market valuation, propelled by the growing demand for artificial intelligence technologies. This milestone cements Nvidia’s position as…

Super Micro is gearing up to increase its investment in Europe, including expanding the production of its AI servers, CEO Charles Liang said in a recent interview. Meeting Growing Demand…

Apple announced Tuesday that Jeff Williams, its Chief Operating Officer and 27-year company veteran, will retire later this year. Current operations leader Sabih Khan will take over much of the…

Canada’s Competition Bureau has obtained a court order as part of its ongoing investigation into Amazon’s conduct concerning its online marketplace in Canada. The probe focuses on Amazon’s fair pricing…