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Meta Cuts Hundreds Amid AI Cost Pressures
Meta Platforms is laying off hundreds of employees across Reality Labs, social media, and recruiting as it manages soaring AI investment costs.
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SLB, Nvidia Expand AI Push for Energy Sector
SLB and Nvidia deepen partnership to build modular AI data centers and an 'AI Factory for Energy' to transform operational data into sustainable insights.
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Apple Launches Paid Ads on Maps in U.S., Canada
Apple enters the local ad market with paid ads on Apple Maps this summer, challenging Google and Meta while emphasizing user privacy.
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Sony Honda Mobility Scraps EV Project
Sony Honda Mobility halts Afeela EV development, citing market challenges, and will refund early California buyers. The joint venture's future remains uncertain.
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UPS Opens $100M Taiwan Tech Hub
UPS launches its largest Asia Pacific logistics center in Taoyuan, Taiwan, to support AI-driven semiconductor demand and expand supply chain access for global tech firms.
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US Judge Questions Punitive Ban on Anthropic Over AI Dispute
Federal judge scrutinizes government's decision to blacklist AI firm Anthropic for refusing unrestricted military use of its Claude model.
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Arm Soars on New AI Chip, Projected $15B Annual Revenue
Arm Holdings' new AI chip for data centers projects $15 billion in annual revenue. This shift signals a major move towards 'agentic AI'.
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Meta fined $375M in landmark case over child safety failures
US jury rules Meta knowingly harmed children's mental health and concealed risks of sexual exploitation on its platforms.