Tag: Business
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ASML to cut fewer jobs after talks with Dutch unions
June 10 : Chip-equipment maker ASML will cut fewer jobs than initially planned, Dutch unions said in a statement after talks with ASML.Redundancies are now expected to take effect from May 2027, ASML spokesperson Monique Mols said, adding that employees will be informed before the end of this month whether th
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Musk’s xAI accused of illegally firing engineer who raised safety concerns
June 10 : A former engineer at Elon Musk’s xAI who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to humanity.Devin Kim claims in the lawsuit filed in California state court on Tue
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AI boom sparks rally, frenzy and fear
LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say Artificial I
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World Cup travel boost hasn’t materialized for U.S. businesses — yet
The expected travel boom from the World Cup is looking like it will be a city-by-city, match-by-match test of pricing power.
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Wall Street needs a crash course in the token economy ahead of AI IPOs. SpaceX offers a preview
When OpenAI and Anthropic make their IPO prospectuses available to the public, investors are going to have to learn about a whole new economy.
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Stocks making the biggest moves midday: Super Micro, Cracker Barrel, Robinhood Markets, truckers & more
These are some of the stocks posting the largest moves midday.
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Google and Meta denied new trial in youth social media addiction case
June 10 : A California state court judge has denied motions by Meta Platforms and Google’s YouTube seeking a new trial after a jury found the companies liable for designing social media platforms that are harmful to young people.Los Angeles Superior Court Judge Carolyn Kuhl ruled on the motions on Tuesday, ac
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Russia lifts Roblox ban, Interfax reports
MOSCOW, June 10 : Russian authorities have lifted a ban on U.S. gaming platform Roblox, Interfax news agency reported on Wednesday.The digital development ministry said on Tuesday it had asked law enforcement agencies to support lifting the restrictions after the company pledged to strengthen protections for
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OpenAI expects to go public ‘within the next year,’ the Information reports
June 10 : OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public “within the next year,” The Information reported on Wednesday.The ChatGPT maker said on Monday it had confidentially filed for a U.S. initial public offering recently, joining rival Anthropic
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Mitsubishi UFJ Morgan Stanley Securities aims to grow retail wealth assets by $62 billion
TOKYO, June 11 : Japan’s Mitsubishi UFJ Morgan Stanley Securities (MUMSS) aims to increase assets managed for retail clients by 10 trillion yen ($62 billion) over the medium to long term, its president told Reuters. The securities firm and investment bank – a joint venture between Japan’s largest banking g
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