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Meta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers
Meta (META) on Thursday became the latest Big Tech company to announce layoffs as the ballooning costs of the AI build-out and efficiencies continue to hit workers in the industry. The company says it will cut 10% of its workforce, or about 8,000 employees. The news comes after a trickle of reports suggested the company…
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Trump proposes taxpayer takeover of Spirit Airlines instead of bailout
The Points Guy founder Brian Kelly discusses how Spirit Airlines’ bankruptcy could impact travel. President Donald Trump has doubled down on the idea of a taxpayer-funded takeover of Spirit Airlines rather than a traditional bailout, an approach critics previously described as highly problematic. Trump reaffirmed his interest in offering the airline a financial lifeline during…
Warner Bros shareholders approve Paramount's $111bn takeover
The approval came as Donald Trump is to attend a dinner with billionaire Paramount backers the Ellisons. Source link
U.S. soldier charged with betting on Maduro raid on Polymarket
Federal authorities arrested and charged a U.S. special forces soldier who is accused of making bets on the raid that removed Venezuela’s Nicolás Maduro from office. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The soldier was identified as Gannon Ken Van Dyke in a news release announcing…
IBM Posts In-Line Software Sales That Fail to Shake AI Concerns
International Business Machines Corp. posted quarterly sales in its software unit that were in line with estimates, failing to shake investor concerns about AI disruption to its business. Source link
White House accuses China of industrial-scale AI technology theft
Former CIA station chief and Fox News contributor Dan Hoffman previews an upcoming high-stakes meeting between President Donald Trump and China’s Xi Jinping on ‘The Bottom Line.’ The White House Office of Science and Technology Policy accused China of “industrial-scale” AI technology theft in a scathing memorandum Thursday, just weeks before President Donald Trump is set…
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