David Ryder | Getty Images News | Getty Images Amazon is preparing to announce sweeping job cuts beginning Tuesday, CNBC has learned. The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the company’s history, spanning almost every business, according to a person familiar with the matter, who asked not to be […]
Amazon to announce largest layoffs in company history, source says Read More »
Roomba robot vacuums made by iRobot are displayed on a shelf at a Bed Bath and Beyond store in Larkspur, California, on Aug. 5, 2022. Justin Sullivan | Getty Images Shares of iRobot plunged more than 30% on Monday after the company warned its search for a buyer has hit a substantial roadblock and its
iRobot stock tumbles 30% after Roomba maker warns the search for a buyer has stalled Read More »
Artificial intelligence startup Mercor announced on Monday a new Series C round that values the company at $10 billion, a fivefold increase since its last raise in February. The company said in a blog post that it raised $350 million in a round led by Felicis, which also led its $100 million Series B round,
AI startup Mercor now valued at $10 billion with new $350 million funding round Read More »
Klaudia Radecka | Nurphoto | Getty Images Airbnb wants to block parties this spooky season. The travel and home rental platform said Monday that it will utilize its anti-party technology this Halloween weekend. The tech factors in the length of a stay, the distance from a guest’s location, property type and timing of a booking
Airbnb wants to help hosts prevent Halloween parties in the U.S. and Canada Read More »
Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia, which has so far dominated the market for AI semiconductors. The stock soared 15% following the news. The AI chips are a shift from Qualcomm, which has thus far focused on semiconductors for wireless connectivity and mobile devices,
Qualcomm announces AI chips to compete with AMD and Nvidia — stock soars 15% Read More »
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla Board Chair Robyn Denholm, in a letter Monday, asked shareholders to vote for CEO Elon Musk’s nearly $1 trillion pay package ahead of the company’s annual meeting. Denholm said Musk was key to
Tesla risks losing CEO Musk if $1 trillion pay package isn’t approved, board chair says Read More »
Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross. The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s
Saudi Arabia poised to become AI data center hub, says Groq CEO Read More »
Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above
Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed
AI spending is boosting the economy, but many businesses are in survival mode Read More »
Intel snapped a losing streak of six straight quarterly losses and returned to profitability in the third quarter. In its first earnings report since the Trump administration acquired a 10% stake in the company, the U.S. chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026. Client computing revenue,
3 takeaways from Intel earnings: Cash flow, foundry progress and hardware surprise Read More »
