Meta Platforms has made its plans to cut 10% of its staff, or around 8,000 people, official. In a memo to employees, the company’s chief people officer, Janelle Gale, said the layoffs will happen on May 20, Bloomberg reported. Meta also will not fill about 6,000 open jobs at the company. A Meta spokesperson confirmed the accuracy of the Bloomberg report. Reuters last week reported on the

OpenAI on Thursday released its latest flagship model, GPT-5.5, according to a blog post. That model, codenamed Spud internally , is better at breaking down complicated requests from customers and showed improvement in coding, financial modeling and scientific research, compared to prior models from the ChatGPT maker. OpenAI hopes the model will help seize attention and momentum from

Microsoft is offering voluntary retirement buyouts to employees who have been at the company for a long time, chief people officer Amy Coleman said in a memo to staff on Thursday. The buyouts will be available to employees whose tenure at the company plus their age totals more than 70, the memo said, according to someone who received the memo. It’s the first time Microsoft has offered such

Tesla is acquiring an unnamed AI hardware company for up to $2 billion, the company disclosed in a securities filing on Thursday. The electric automaker is paying for the company in common stock and equity awards, $1.8 billion of which is subject to conditions and milestones “dependent on the successful deployment of the company’s technology,” the filing shows. Tesla made no mention of

Shareholders in Warner Bros. Discovery approved sale of the company to the Ellison family’s Paramount Skydance, the latest step towards completion of the $110 billion purchase. WBD said in a statement the vote was overwhelmingly in favor although the actual vote count will take a little while to be released. The approval is not a surprise, given that Paramount is offering $31 a share in cash.

Major insurers including Berkshire Hathaway, Chubb and Travelers are taking steps to cut AI-related damages from corporate insurance policies, and U.S. state regulators are giving them the green light. Insurers are trying to get ahead of risks from companies that use generative artificial ...

Netflix said its board had authorized a new $25 billion stock buyback program. The new program follows a 13% slide in Netflix’s stock price since its first quarter earnings disappointed investors a week ago. The video streaming stock has never recovered the levels it was trading at last fall, before news of the company’s now-aborted interest in bidding for Warner Bros. Discovery surfaced.

Nvidia has not yet sold any H200 to China, despite the Trump administration’s approvals months ago for the powerful chips to be exported to the country, Commerce Department Secretary Howard Lutnick said on Wednesday at a Senate hearing, according to Reuters. “The Chinese central government has not let them, as ​of yet, buy the chips, because they’re trying to keep their investment focused on

Chinese tech giants Tencent and Alibaba are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, The Information reported on Wednesday. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is now seeking to raise funding at a valuation of more than $20 billion, after its initial discussions with prospective investors generated

OpenAI is in discussions to invest up to $1.5 billion in a private equity joint venture called DeployCo, according to a person with knowledge of the effort. The ChatGPT maker is in talks to invest $500 million initially in DeployCo, which is expected to be valued at $10 billion. OpenAI has the option to invest an additional $1 billion at a later date at the same valuation. The joint venture is

Tesla revenue reached $22.4 billion in the first quarter, a 16% year-over-year increase showing that the electric vehicle maker has started to dig its way out of a sales slump. The revenue figure is slightly better than the same period in 2024 but well below the $24.3 billion in revenue Tesla reported during the first quarter of 2023. As the electric vehicle business has stagnated over the

ServiceNow reported 22% growth in revenue for the first quarter, to $3.77 billion, a faster rate of growth than what the enterprise software firm reported for the fourth quarter. But ServiceNow’s stock plummeted more than 13% in after-hours trading, possibly a response to the company’s projection that its recently completed $7.8 billion purchase of the cybersecurity firm Armis would likely

Microsoft on Wednesday named longtime LinkedIn executive Daniel Shapero as CEO of the corporate social network and said former LinkedIn CEO Ryan Roslansky will oversee Microsoft’s core Office 365 apps. Roslansky had been LinkedIn’s CEO since 2020, and last summer was promoted by Microsoft CEO Satya Nadella to a new position as executive vice president of Office apps. He has held both roles

AI upgrades are a hot spot in technology dealmaking. An analysis by The Information’s Deep Research shows tech companies are leaning on M&A to bolster industry-specific capabilities—and turn AI into products people can actually use. That pattern is playing out across deals of all sizes. SpaceX’s ...

Billionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the crypto venture co-founded by President Donald Trump and his family, accusing the project and one of its co-founders of “criminal extortion” after he declined to invest more money into the company. Sun in 2024 invested $30 million into World Liberty and was granted a further $15 million worth of the

OpenClaw, the AI agent software that took the tech world by storm, is reckoning with a difficult choice: whether to transition from an experimental hacker project to a sustainable tool companies can reliably use. One of the fastest-growing open-source software projects ever, OpenClaw is still ...

Google announced the first versions of its AI chips that are specialized for training and inference, expanding its competition with Nvidia. The search giant unveiled the new versions of its tensor processing units on Wednesday at the start of its annual Google Cloud Next conference. The event follows Nvidia’s announcement of a chip tailored for inference at its GTC conference last month. The

Chinese tech giants Tencent Holdings and Alibaba Group are in talks to invest in DeepSeek, the AI upstart that recently started fundraising for the first time, according to four people with knowledge of the conversations. DeepSeek, owned by Chinese hedge fund High-Flyer Capital Management, is ...

Tencent, which has launched many products built on OpenClaw in China in the past few months, is now taking one of those products to the global market. The Chinese tech giant on Tuesday launched an international version of QClaw, an OpenClaw-based AI agent that attracted a lot of interest from Chinese users last month. In China, QClaw offers an agent that can be installed with one click and

Anthropic is investigating a report that a group of unauthorized users gained access to several unreleased AI models including Mythos, the model that Anthropic has withheld because of its capacity for cyberattacks, according to a spokesperson for the company. Bloomberg reported Tuesday that the group gained access to Mythos through a software environment intended for allowing third party