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 said it will cut 10% of its workforce, or about 8,000 employees. The news comes after a trickle of reports suggested the company…
Foundation Future Industries founder and CEO Sankaet Pathak and Trump Organization Executive Vice President Eric Trump discuss battlefield robotics, national security risks, and China competition on ‘Mornings with Maria. The future of American defense is undergoing a high-tech revolution as the Pentagon has awarded a multimillion-dollar contract to test heavy-duty humanoid robots. Foundation Future Industries…
Lip-Bu Tan, CEO of Intel Corp., departs following a meeting at the White House in Washington, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel reported first-quarter earnings Thursday that blew past Wall Street’s expectations, as the struggling chipmaker shows signs of a revival. Shares of the U.S. chipmaker jumped 20% in after-hours…
The Trump administration’s extraordinary criminal investigation of Federal Reserve Chair Jerome Powell is over, removing significant uncertainty that had been clouding the future of the world’s most important central bank. Jeanine Pirro, the US Attorney for the District of Columbia, announced on X Friday she is closing the probe. In the investigation’s place, the Fed’s…
Stellantis will focus the majority of its investment on its core Jeep, Ram, Peugeot and Fiat brands under CEO Antonio Filosa’s strategic plan due to be announced in May, five sources said, with a “material increase” to their funding. Source link
Palantir Technologies (PLTR 0.60%) stock is down 30% from its record high, partly due to concerns about its valuation but also because some investors have rotated away from risky growth stocks in favor of safer assets amid economic uncertainty created by the Iran conflict. Palantir has a long history of building software for the U.S….
People visit Bugatti booth during the Consumer Electronics Show (CES) 2026 on January 6, 2026 in Las Vegas, Nevada. Zhang Shuo | China News Service | Getty Images Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses the iconic brand. Porsche and Croatian…
Nearly six months after announcing it was expanding to New Orleans, autonomous ride-hailing company Waymo has yet to debut driverless vehicles on Crescent City streets. Though the white SUVs topped with spinning sensors and covered in cameras and radars have been spotted in New Orleans neighborhoods in recent months, company “specialists” are still behind the…
Intel’s latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices. AMD shares soared more than 12% on Friday as Wall Street analysts were…
Intel (INTC) stock rocketed more than 20% higher in early trading Friday following a first quarter earnings report that beat analysts’ expectations on the top and bottom lines and provided better-than-anticipated Q2 guidance on strong data center sales. Intel said on Thursday that it expects revenue of between $13.8 billion and $14.8 billion for the…
