Intel is reportedly in talks to acquire AI startup SambaNova for at least $5 billion. This massive deal could accelerate Intel’s AI ambitions but comes with significant risks to its already strained balance sheet.
American Tower is taking Dish Wireless to court over a contract dispute that emerged following EchoStar’s massive $40 billion spectrum sales. The lawsuit highlights the complex interplay between spectrum assets and infrastructure commitments in the wireless industry.
The technology sector’s layoff wave continues into 2025 with more than 22,000 positions eliminated so far this year. Companies across semiconductors, enterprise software, and consumer tech are restructuring operations while increasingly citing AI and automation as drivers for workforce reductions.
The technology industry’s prolonged restructuring shows no signs of slowing in 2025, with recent reports indicating more than 22,000 workers have lost their jobs across the sector this year. According to data from independent tracker Layoffs.fyi, February alone saw a staggering 16,084 cuts—suggesting the pace of workforce reductions may be accelerating rather than stabilizing.
Apple has entered the race to acquire media giant Warner Bros., according to reports from Bloomberg. The move could bring HBO’s acclaimed content library to Apple TV, competing against Amazon and Paramount in a high-stakes bidding war.
Technology and media heavyweights including Apple, Amazon, and Paramount are reportedly engaged in preliminary discussions to acquire Warner Bros., according to sources familiar with the matter. The potential acquisition, first reported by Bloomberg, would represent a major strategic move in the increasingly competitive streaming landscape.
Reddit Takes Legal Action Over Alleged AI Training Data Theft Reddit has initiated a significant legal confrontation in the artificial…
Major Restructuring Hits Meta’s AI Operations Meta Platforms is eliminating approximately 600 positions within its artificial intelligence division as part…
OpenAI has enlisted over 100 former investment bankers to train AI models on financial modeling tasks, according to leaked documents. Experts suggest this automation will transform rather than eliminate entry-level positions, with analysts shifting to more complex work.
OpenAI is reportedly developing artificial intelligence systems to automate entry-level financial tasks, according to documents obtained by Bloomberg. Sources indicate the company has recruited more than 100 former investment bankers from major institutions including JPMorgan Chase, Morgan Stanley, and Goldman Sachs to contribute expertise to a project code-named “Mercury.”
Goldman Sachs’s chief credit strategist Lotfi Karoui has exited the firm after nearly two decades, sources confirm. The departure comes alongside other senior research changes at the investment banking giant, including the planned retirement of chief US equity strategist David Kostin.
Goldman Sachs’s chief credit strategist Lotfi Karoui has departed the firm after 18 years, according to reports confirmed by the bank. Karoui, who also served as head of credit, mortgages and structured product research, was named to the chief credit strategist position in 2017 and was among 95 executives promoted to partnership in November.
LVMH, the world’s largest luxury group, has unexpectedly returned to growth in the third quarter as Chinese shoppers splurged on premium brands. The rebound comes after an extended pullback in key markets, with sales in China rising 2% last quarter.
In a surprising turnaround for the luxury sector, LVMH has posted a return to growth in the third quarter, driven primarily by renewed consumer spending in China. The world’s largest luxury conglomerate, led by billionaire Bernard Arnault, reported strong performance across its champagne and fragrance divisions, particularly for Moët & Chandon Champagne and Dior perfumes. This positive development comes after an extended period of contraction in key markets, offering hope for the broader luxury industry’s recovery.
Global cryptocurrency exchange Coinbase has made a significant strategic investment in Indian crypto platform CoinDCX at a $2.45 billion valuation. This move represents a major expansion into one of the world’s fastest-growing cryptocurrency markets and signals growing institutional confidence in India’s digital asset ecosystem.
Global cryptocurrency leader Coinbase has announced a strategic investment in Indian cryptocurrency exchange CoinDCX at a substantial $2.45 billion valuation, marking one of the most significant moves in the Asian cryptocurrency market this year. This investment represents a calculated expansion strategy by the American cryptocurrency giant into one of the world’s most promising digital asset markets, demonstrating growing institutional confidence in India’s evolving cryptocurrency landscape.
