Trade tensions fail to deter Chinese companies from expanding into the U.S.
Chinese tech firms are aggressively expanding globally, with the largest stock offering on Shanghai’s tech-focused STAR board spotlighting the U.S. as a key market alongside China. Shenzhen-based Insta360, a competitor…
Following Google, Meta also parts ways with public policy head in India
Meta’s head of public policy in India, Shivnath Thukral, is stepping down after nearly seven and a half years at the company and just over three years leading policy for…
YouTube’s ecosystem generated 490,000 jobs and contributed $55 billion to US GDP in 2024
YouTube revealed on Tuesday that its creative ecosystem contributed more than $55 billion to the U.S. GDP and supported over 490,000 full-time jobs, based on research conducted by Oxford Economics.…
OpenAI says annual revenue reaches $10 billion
OpenAI recently announced that it has reached $10 billion in annual recurring revenue, nearly doubling from approximately $5.5 billion last year. This revenue encompasses income generated from consumer products like…
Google offers buyouts to employees company-wide, including Search team
Google has extended voluntary buyout offers to employees in several of its divisions, including its Knowledge & Information (K&I) unit—which houses Search, Ads, and Commerce—along with central engineering, marketing, research,…
Qualcomm to buy semiconductor company Alphawave Semi for $2.4 billion
Qualcomm announced plans to acquire Alphawave Semi, a UK-based semiconductor company specializing in high-speed data center connectivity, in a deal valued at approximately $2.4 billion. The acquisition is part of…
DoorDash Faces Lawsuit in Canada Over Misleading Pricing Practices
Canada’s Competition Bureau has launched a lawsuit against DoorDash Inc. and its Canadian subsidiary, accusing the food delivery company of marketing prices lower than what consumers actually pay at checkout.…
Warner Bros. plans major restructuring by separating cable and streaming units
As cable television faces continued stagnation and cord-cutting accelerates, Warner Bros. Discovery (WBD) is restructuring to better position itself in the evolving media environment. The company announced plans to split…
Amazon plans $20B investment in Pennsylvania data centers, including site near nuclear plant
Amazon announced on Monday plans to invest $20 billion in two new data center complexes in Pennsylvania. One of these is being built adjacent to the Susquehanna nuclear power plant…
Meta reportedly plans multi-billion dollar investment in Scale AI
Meta is reportedly discussing a multibillion-dollar investment in Scale AI, with Bloomberg reporting that the deal could surpass $10 billion. This would mark the largest external AI investment by Meta,…
Tesla attempts to block public records access ahead of Austin robotaxi launch
Tesla is reportedly attempting to block journalists’ access to public records in Austin related to its upcoming robotaxi service launch in the city. The company announced in January its intention…
Temu and Shein Shift Focus to Europe Amid Regulatory Challenges
Temu and Shein, China-founded budget e-commerce platforms, are increasingly turning to Europe as their U.S. operations suffer under unfavorable trade policies. However, their entry into European markets may not be…
Elon Musk Says SpaceX May Decommission Dragon Spacecraft After Trump Threat — Or Maybe Not
Elon Musk announced Thursday that SpaceX would begin decommissioning its Dragon spacecraft “immediately” in response to President Donald Trump’s threat to cancel government contracts with Musk’s companies. Dragon is critical…
Alphabet CEO Sundar Pichai Downplays AI Job Fears, Highlights Growth Plans
In a Bloomberg interview Wednesday night in San Francisco, Alphabet CEO Sundar Pichai pushed back against fears that AI might render half of the company’s 180,000-person workforce redundant. Instead, Pichai…
Reddit Sues AI Startup Anthropic Over Contract Breach and ‘Unfair Competition’
Reddit is suing Anthropic, an artificial intelligence startup, alleging breach of contract and accusing the company of “unlawful and unfair business acts” by using Reddit’s platform data without permission. The…
Meta’s Move Into Nuclear Power Plant Ownership, More or Less
Meta announced on Tuesday that it has agreed to purchase all the “clean energy attributes” from Constellation Energy’s Clinton Clean Energy Center, a 1.1-gigawatt nuclear power plant located in central…
Disney Cuts Costs With Hundreds More Layoffs
Disney has revealed plans to lay off several hundred employees worldwide, affecting teams in its film, television, and finance departments. The entertainment giant faces ongoing challenges as viewers increasingly turn…