Xbox CEO Asha Sharma plans to eliminate about 20% of staff by the end of fiscal 2027, starting with 1,600 Xbox employees yesterday.
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Enterprise customers have begun to doubt the burdensome cost of pay-per-use token consumption and are looking to cheaper models.
Google shares have been hammered recently as two top artificial intelligence researchers spurned the company to join OpenAI and Anthropic.
The Big Four accounting firms (minus Coke’s auditor EY) submitted briefs supporting Coca-Cola, which seems confident of a win.
Samsung, Dell, Nintendo, Sony and Microsoft have all recently announced price hikes to their consumer electronics.
Broadcom expects AI-related chip revenue to climb 200% to $16 billion in the current quarter, short of Wall Street’s most bullish forecasts.
The plan is to bring the infamous power plant back online sometime next year to service a nearby glut of power-hungry Microsoft data centers.
40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.
Running AI agents around the clock can consume hundreds of millions, or even billions, of tokens (units of data) a week.
Last month, Coreweave, the largest independent neocloud company, reported its first-quarter revenue doubled to $2.1 billion.
Meta, Oracle, Amazon, and Coinbase have all made major layoffs as tech-sector job cuts surge past 111,000 for the year, per Layoffs.fyi.
Meta is planning a spending spree later in this year, raising its expected annual capital expenditures from $115 billion to $135 billion.
The Roundhill Magnificent Seven ETF, which tracks Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, has slid roughly 11% this year.
Change is the universal constant and even the Magnificent 7, being reshaped by AI upheaval, isn’t immune. Here’s what you should know.
Backing from Nvidia and Amazon made it the latest circular deal, in which money-losing AI startups are being financed by their own customers.
Transactions like these, where the interests of suppliers, customers and investors all seem to become one big loop, raise plenty of eyebrows.