Netflix Reportedly Plans to Cut 5% of Its Workforce
Netflix is planning to cut approximately 5% of its workforce, with an announcement expected as early as next week, according to a report by Puck News on Friday, citing people familiar with the matter....
US Suspends Green Card Applications for Microsoft, IT Firms; Probes Top Universities
The United States has suspended permanent labour certification applications linked to Microsoft, Adobe and major IT services companies as part of a widening crackdown on alleged immigration fraud and the protection of American jobs....
Goldman Sachs Executives Set for Over $500 Million in Special Awards
Goldman Sachs Group’s top executives are set to receive special equity awards worth more than $500 million, Bloomberg News reported on Wednesday. The awards, granted in October 2021, were disclosed by Goldman in various...
GlobalFoundries Signs $2 Billion TSMC AI Chip Deal
GlobalFoundries said on Thursday it has reached a $2 billion, five-year agreement to manufacture silicon interposers for TSMC at its facility in Malta, New York. Silicon interposers are critical components used in advanced AI...
BBC and Channel 4 Explore Deeper Tie-Up to Cut Costs
Britain’s BBC and Channel 4 have held preliminary talks with the government about a broader tie-up of some operations, potentially reshaping the country’s public broadcasting landscape. One proposal would combine Channel 4’s advertising operations,...
Amazon Unveils Premium Android Tablets With Alexa+ AI
Amazon has unveiled a new range of higher-end tablets that run on Google’s Android operating system and feature its AI-powered Alexa+ voice assistant. The new Alexa Tablets start at $230 and go up to...
US, Meta and Google Join $1.8 Billion Push to Build AI Biology Datasets
The U.S. government, Meta Platforms and Google parent Alphabet are joining nonprofit Biohub in a $1.8 billion initiative to build open datasets for training artificial intelligence models for biological research. Meta, Google DeepMind and...
AI Simulations Aim to Predict Drug Trial Failures
Artificial intelligence is emerging as a potential tool to help pharmaceutical companies predict whether experimental drugs are likely to succeed before costly human trials. Novartis shares fell 11% after its late-stage trial of experimental...
Jaguar Land Rover Unveils $130,500 Electric Jaguar Type 01 in US Gamble
Jaguar Land Rover (JLR) has unveiled the new Jaguar Type 01, an electric four-door GT with an ultra-long bonnet, no rear window and an array of technology, as the luxury carmaker targets growth among...
Nestlé Scores Big With NBA Deal to Win Over Health-Conscious Youth
Nestlé is making its biggest-ever international sports sponsorship move through a new NBA partnership for its cocoa and malt beverages business, including Milo, Nesquik and Nescau. The four-continent deal spans 21 countries and aims...