Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push
The layoffs mark the second round of mass cuts at Amazon since last October, when the company laid off roughly 14,000 employees across its corporate workforce.
Autonomous trucking startup Waabi raises $750 million to expand into robotaxis
Khosla Ventures, G2 Venture Partners, Uber, Nvidia and Volvo are all investing in Toronto-based, driverless tech startup Waabi.
Greenland will not give in, PM says, as Denmark warns world order as we know it is over
Greenland Prime Minister Jens-Frederik Nielsen on Wednesday issued a defiant message on the Arctic island’s future.
Amazon cuts 16,000 jobs globally to undo pandemic-era hiring amid AI push
Amazon said on Wednesday it was cutting 16,000 jobs worldwide in the second major round of layoffs at the company in three months.
Miss the rally in memory stocks? Cramer sees an even better way to play the memory shortage
Cramer says avoid buying Micron, Western Digital, Seagate and Sandisk stocks right now.
South Korea’s SK Hynix to establish a special ‘AI Company’ in the U.S.
SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.
S&P 500 futures climb ahead of Fed decision, major tech earnings: Live updates
The S&P 500 climbed to a new all-time high and closed at a record on Tuesday as traders eagerly awaited earnings from major tech companies.
LVMH shares plummet 7% as fourth-quarter results lag competitors
LVMH shares plummeted Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday.
SK Hynix smashes earnings estimates as AI memory demand drives record profit
South Korea’s SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.
Dario Amodei warns AI may cause ‘unusually painful’ disruption to jobs
“The pace of progress in AI is much faster than for previous technological revolutions,” the Antrhopic CEO said in latest comments about AI’s impact on jobs.