Business

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…

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, 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 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 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…

Amazon has announced plans to cut 14,000 corporate jobs, marking its second-largest round of layoffs after slashing 22,000 positions in 2022. The move comes as the company restructures its operations…

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…

Warner Bros. Discovery announced on Tuesday that HBO Max is increasing the prices of all its subscription tiers, becoming the latest streaming platform to introduce higher fees. The adjustments apply…

Finnish health tech company Oura has secured over $900 million in fresh funding, led by Fidelity Management & Research Company, with new investor ICONIQ and contributions from Whale Rock and…

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, 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…

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…

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…

Elon Musk’s Boring Co., the tunneling and infrastructure enterprise, repeatedly violated state environmental regulations in Nevada, even after the company had formally agreed to comply with those laws, state regulators…

Duolingo, the widely used language learning application, has stated definitively that it will never open an office in San Francisco. The company is headquartered in Pittsburgh, Pennsylvania, a city not…

PepsiCo reported quarterly earnings and revenue on Thursday that surpassed analysts’ expectations, a positive result driven primarily by international growth which managed to offset yet another quarter of declining sales…

Apple on Wednesday provided a detailed account of the policy changes it will implement in its App Store to comply with a new Texas state law that requires app stores…

Shares of Hang Seng Bank listed in Hong Kong surged by 25.88% on Thursday following the announcement of a privatization bid by its majority parent company, HSBC, Europe’s largest lender.…

Elon Musk is poised to settle a $128 million lawsuit filed by four former Twitter executives whom he abruptly fired after completing his acquisition of the company in 2022. The…

Amazon announced on Wednesday that it is debuting in-office prescription dispensing machines, known as Amazon Pharmacy Kiosks, within its One Medical clinics. These new self-service units, operated by Amazon Pharmacy,…