Tag: Business
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JetBlue posts bigger loss on fuel costs, but CEO says margins improving
JetBlue Airways is in the middle of a plan that aims to cut costs and increase premium revenue.
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Skydance offers buyouts to some employees to cut costs after Warner Bros merger
Oct 26 : Skydance is offering some employees a one-time voluntary buyout, according to a memo seen by Reuters on Monday, as the media company looks to cut costs after scooping up bigger rival Warner Bros Discovery and assuming its massive debt.The company, whose shares have fallen by about a third this year,
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Anthropic’s soaring sales, steep losses put AI frenzy to IPO test
Oct 26 : Anthropic took a big step closer to a potentially record-breaking IPO on Monday, even as it revealed steep losses and security concerns that could test investors’ enthusiasm for the AI heavyweight. AI has captured investors’ imagination with the promise of a technological leap that could transform bu
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Alibaba AI model secretly tried to reach Beijing server in test, rival Cohere says
Oct 26 : Canadian AI company Cohere said on Monday one of Alibaba’s Qwen AI models tried to send data to an Alibaba Cloud storage server in Beijing during a security test.The model made the attempt even though its own reasoning indicated it would not do such a thing, Cohere said. Alibaba was not immediately…
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Apple responds to user reports of broken iPhone Duo screens on new foldable phone
Apple on Monday said it was aware of the issue and that it would replace the devices under its AppleCare warranty.
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FTC and 20 states sue Dollar General, alleging retailer overcharged shoppers
The Federal Trade Commission and 20 states have filed a lawsuit against Dollar General, claiming the retailer has charged customers more than advertised prices.
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Cadence unveils suite of AI models that chipmakers can run in-house
SAN FRANCISCO, Oct 26 : Cadence Design Systems on Monday launched a portfolio of AI models tuned to help design computer chips, deepening its open-source model work with Nvidia and diverging from rival Synopsys’ recent deal with OpenAI.Both companies make software used to design computing chips — a process
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Microsoft offers buyouts to around 60,000 employees to contain costs
Oct 26 : Microsoft said on Monday it is offering voluntary buyouts to about 60,000 employees, or more than a quarter of its global workforce, as the technology giant looks to contain costs and help fund its massive AI investments.Staffers across the Windows maker would be eligible for the offers, including th
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The arc of Trump: How the president lost the coalition that put him in the White House
President Trump forged an extraordinary coalition to win office in 2024. A new CNBC survey shows that coalition is now seriously weakened.
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Microsoft is offering buyouts to around 60,000 employees, Business Insider reports
Oct 26 : Microsoft is offering buyouts to around 60,000 employees, Business Insider reported on Monday, citing a company spokesperson.The company did not immediately comment on the number of employees impacted when contacted by Reuters.The voluntary exit offer will impact key divisions, including AI ex
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