Business Tech
Tesla Risks Losing Elon Musk as CEO Without $1 Trillion Compensation Plan, Chair Says
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Tesla CEO Elon Musk’s future at the company could be in jeopardy if shareholders do not approve his proposed $1 trillion compensation plan, the automaker’
Business Tech
Amazon to Lay Off 30,000 Corporate Employees as It Ramps Up AI and Automation Efforts
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Amazon is preparing to cut up to 30,000 corporate jobs, the largest reduction in the company’s history, as it focuses on artificial intelligence
Business Tech
Rivian Reaches $250 Million Settlement in Shareholder Suit Over IPO Pricing Claims
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Rivian has agreed to pay $250 million to settle a 2022 shareholder class-action lawsuit that claimed the electric vehicle maker misled investors about
Business Tech
Apple Reduces iPhone Air Output as Consumers Reject Foldable Model
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Apple’s bold iPhone Air launch has unravelled into a 2025 catastrophe, with production slashed by over 80 percent as virtually no demand grips the
Business Tech
Mark Zuckerberg Confirms AI Remains Core Despite 600 Layoffs
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Meta has laid off around 600 engineers from its Artificial Intelligence (AI) division in a surprising move that has sent shockwaves through the tech industry.
Business Tech
Reddit Sues Perplexity AI Over Alleged Unauthorized Data Harvesting
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Reddit is now in a big legal fight against AI that could set precedents, filing a federal lawsuit against Perplexity AI and three other entities for allegedly
Business Tech
Meet ‘Blue Jay’: Amazon’s New AI Warehouse Robot That Could Replace Thousands
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A new mechanical worker has landed in Amazon’s warehouses, and it’s stirring up an old fear: are our jobs safe? Amazon’
Business Tech
Tesla Launches Budget EV Models, Stock Falls Despite Price Cuts
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Tesla has introduced cheaper versions of its two main electric vehicles—the Model 3 Standard and Model Y Standard—aiming to attract more buyers
Business Tech
JPMorgan CEO Jamie Dimon Reveals $2 Billion Annual AI Investment
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JPMorgan Chase CEO Jamie Dimon said Tuesday that the bank is investing around $2 billion each year in artificial intelligence (AI) —
Business Tech
Verizon Taps Former PayPal CEO Dan Schulman as New Chief Executive
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Verizon has officially named Dan Schulman, former CEO of PayPal, as its new chief executive. The announcement came on Monday, October 6, and takes effect immediately.