Google Invests in Japan’s Sakana AI
Google invested in Sakana AI, a Tokyo-based developer of AI models and applications, Sakana said Friday. Google invested at the same valuation as the Japanese company’s recently announced funding ro...
Amazon Plans Thousands of Corporate Layoffs Next Week
Amazon will begin a round of layoffs next week, which could affect thousands of corporate employees, Reuters reported. In October, Amazon announced it was laying off 14,000 employees to help reduce ma...
How Meta Is Reshaping Its Organization for an AI Computing Blitz
Meta Platforms CEO Mark Zuckerberg has expanded his direct reports to include the two co-heads of the company’s newly created Meta Compute team, signaling the importance of the new effort to manage ...
TikTok Completes Creation of Data Security Joint Venture
TikTok announced it has completed a restructuring in which its data security arm is being transferred into a joint venture, owned by a group of investors including Oracle, MGX and Silver Lake, to br...
Brexit in Fintech
That’s what you call going out with a whimper. Capital One’s agreement on Thursday to buy Brex, a corporate credit card startup, for $5.15 billion is an uninspiring end to Brex’s life as an inde...
An Exit for Brex Investors; Rising Zombie Funds
Brex’s $5.15 billion agreement to sell to Capital One isn’t the kind of exit employees or investors would have dreamed of four years ago, when it was valued privately at $12.3 billion. But it appe...
Microsoft Outage Takes Down Outlook Email For Hours
Microsoft said Thursday it was investigating an outage that took down Office 365 apps such as its Outlook email service and Teams messaging app in North America throughout the day. The company said it...
Donald Trump Launches Debanking Lawsuit Against JPMorgan
President Donald Trump sued JPMorgan and the bank’s CEO Jamie Dimon for closing his bank accounts in 2021 shortly after the January 6 riots in the U.S. Capital. The lawsuit, which was filed in Miami...
Intel’s Sales Slump Persists Despite AI Growth
Intel’s fourth quarter revenue fell 4%, the chip firm reported Thursday, at the high end of the company’s projections. The result reflected a 7% decline in its largest unit, through which it sells...
