Business

Microsoft Cuts 9,000 Jobs in Major Restructuring Push to Stay Agile

July 3, 2025

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Microsoft announced Wednesday that it will lay off around 9,000 employees, impacting fewer than 4% of its global workforce. The reductions will span across various teams, locations, and experience levels, according to a source familiar with the matter. The move aligns with the start of Microsoft’s 2026 fiscal year, a time when the tech giant […]

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Amazon Merges Freevee Into Prime Video, Ending Standalone App in August

TikTok Faces U.S. Blackout as Commerce Chief Demands American Control Over App

July 25, 2025

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U.S. Commerce Secretary Howard Lutnick issued a stark warning on Thursday, stating that TikTok will be blocked in the United States unless its Chinese parent company, ByteDance, agrees to transfer control to American entities. “You can’t have something controlled by China living on 100 million American phones,” Lutnick said during an appearance on a financial […]

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Nvidia Slams AI Chip Smuggling: Warns Bootleg Data Centers in China Are a Risky Gamble

China’s Momenta Eyes $6 Billion Valuation in New Funding Round as Global Automakers Line Up

September 29, 2025

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Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]

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How Huawei Rose from Telecom Player to China’s AI Powerhouse

Senate Democrats Urge Trump to Halt AI Chip Sales Deal With China

August 18, 2025

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A group of six Senate Democrats has called on President Donald Trump to reverse his decision allowing U.S. chipmakers Nvidia and Advanced Micro Devices (AMD) to sell advanced AI semiconductors to China in exchange for 15% of revenue from those sales. The lawmakers — including Chuck Schumer, Mark Warner, Jack Reed, Jeanne Shaheen, Christopher Coons, […]

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Trump Signals Openness to Nvidia Selling a ‘Weakened’ Blackwell AI Chip to China

Coinbase CEO Slams Banks for Attacking Stablecoin Rewards With “Boogeyman” Claims

September 19, 2025

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Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]

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Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Baidu’s Robotaxi Rides Hit 250,000 Weekly, Matching Waymo’s U.S. Numbers as Global Expansion Accelerates

November 4, 2025

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Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]

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Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

AMD Set to Resume AI Chip Exports to China as U.S. Reopens Licensing Path

July 16, 2025

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Advanced Micro Devices (AMD) announced on Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China, sending its stock up more than 6% following the announcement. The company stated that the U.S. Department of Commerce has begun reviewing license applications again, allowing AMD to move forward with exports once approval […]

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Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

Lufthansa to Slash 4,000 Jobs by 2030 as AI Reshapes Airline Operations

September 29, 2025

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Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]

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How Huawei Rose from Telecom Player to China’s AI Powerhouse

AMD Surges 8% as IBM Taps Its Chips for Breakthrough in Quantum Computing Error Correction

October 27, 2025

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Advanced Micro Devices (AMD) shares surged nearly 8% on Friday after reports revealed that IBM successfully used AMD’s chips to run a quantum computing error correction algorithm — a major step forward in the development of scalable quantum systems. IBM’s stock also jumped around 8%, marking its best single-day performance since January, as excitement around […]

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AMD Set to Resume AI Chip Exports to China as U.S. Reopens Licensing Path

Uber taps AI firm Wayve to pilot fully driverless rides in the UK

June 10, 2025

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Uber Technologies Inc. (NYSE: UBER) has announced a strategic partnership with UK-based AI startup Wayve to launch public-road trials of Level 4 (L4) fully autonomous vehicles in London. This collaboration marks the UK’s largest pilot of autonomous vehicles to date and represents a significant step forward in Uber’s global autonomous mobility strategy. What Is Level […]

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