Tag: Business
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Perpetuals.com ends acquisition talks with Trump-linked crypto firm
BOSTON, July 14 : Perpetuals.com, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.“Perpetuals has deci
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Meta used AI to target workers with medical conditions for layoffs, lawsuit claims
July 14 : Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs.The lawsuit, filed in Oakland, California, fe
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German minister warns against unacceptable delays to 10 billion euro satellite project
BERLIN, July 14 : German Defence Minister Boris Pistorius on Tuesday urged timetable and budget discipline for a planned military satellite project valued at 10 billion euros ($11.45 billion), saying delays were unacceptable given current threats to security.”We cannot afford delays in these times,” Pistorius
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Uber in advanced talks on Delivery Hero takeover, Bloomberg News reports
July 14 : Uber Technologies is in advanced talks to acquire German food-delivery company Delivery Hero, Bloomberg News reported on Tuesday, citing people familiar with the matter.The ride-hailing company aims to reach an agreement with Delivery Hero as soon as this week, the report said.A transaction w
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United Airlines’ new upsell: Keeping other travelers out of the middle seat
United Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs
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Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX’s Starlink
Frontier is signing with Starlink for in-flight Wi-Fi, with service debuting as early as next year.
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IBM warns AI boom is squeezing software budgets; shares slump in sector rout
July 14 : IBM said it had “faltered” in keeping pace with a shift in corporate spending toward data-center infrastructure from software and forecast second-quarter revenue below estimates, the clearest sign yet of AI’s growing toll on the sector.The warning triggered a 22 per cent slump in IBM’s shares and a
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Analysis:US state officials fear Paramount-Warner deal will squeeze local movie theaters
July 14 – U.S. states suing to block Paramount’s merger with Warner Bros Discovery argue that the deal could squeeze local movie theaters, which are still struggling to sell as many tickets as they did before the pandemic. “While ticket prices will most likely go up, theaters will be forced to cut back o
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Australia to establish government AI office to coordinate regulation
SYDNEY, July 14 : Australia will create an office at the heart of government to manage the development of AI standards, seeking to balance the need to attract investment with effective regulation of the disruptive technology.The “Office of AI” will be established within the Department of the Prime Minister an
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SLB partners with Liberty Energy to supply modular parts, power to data centers
July 14 : SLB said on Tuesday it has partnered with Liberty Energy to supply modular parts and power to data centers, as the oilfield services firms look to tap surging demand from the AI boom.• Under the deal, SLB said it would design and supply modular and prefabricated components for data center projects
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