Brief news Tesla has cut its global staff to just over 121,000 people since 2023, including temporary workers, resulting in the company firing more than […]
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Nvidia is unknown despite briefly surpassing Apple and Microsoft in market cap
Brief news Nvidia, a global leader in the graphics processing units (GPUs) market, has experienced a remarkable surge in valuation since the end of 2022, […]
Musk softens ‘go f— yourself’ comment to win back advertisers
Brief news Elon Musk clarified his comments about advertisers leaving his X social media platform during the Cannes Lions advertising festival. During the event, WPP […]
Safe Superintelligence is launched by OpenAI co-founder Ilya Sutskever
Brief news Ilya Sutskever, former head scientist at OpenAI and former leader of the Super Alignment team, has announced his new AI company, Safe Superintelligence […]
News in brief The Office for National Statistics reported that UK inflation fell to the Bank of England’s 2.0% target in May, meeting Reuters economists’ […]
Klarna rival Zilch raises $125 million to quadruple sales and hasten IPO
News in brief Deutsche Bank has provided $125 million in debt financing to British fintech business Zilch, enabling the company to triple sales in the […]
EU competition head says EU will strategically battle U.S. and China on trade
In brief The European Union’s competition director said Tuesday that while it couldn’t compete economically with the U.S. and China, it could compete strategically. Margrethe […]
Malaysia is becoming a data centre powerhouse as AI demand rises
In brief Due to rising cloud and AI demand, Malaysia is attracting billions in data centre investments. DC Byte’s 2024 Global Data Center Index ranks […]
Starboard activist buys Autodesk, considers lawsuit over delayed probe disclosure
In brief Jeff Smith’s activist fund, Starboard Value, has taken a significant stake in Autodesk, a graphics-design firm, over concerns about its internal investigation that […]
The Bank of Japan will cut JGB purchases but maintain interest rates
In brief In its statement, the BOJ indicated the possibility of decreasing its purchases of Japanese government bonds following the upcoming monetary policy meeting, set […]