Latest News, Updates & Breaking Headlines
A small-town boss in the US state of Louisiana has handed his 540 full-time employees a combined $240 million after selling his family’s company, with the average worker walking away with around $443,000.Graham Walker, former CEO of Fibrebond Corp. in Minden, sold the electrical-equipment enclosure maker to power-management giant Eaton for $1.7 billion last year….
Cloudflare is cutting more than 1,100 jobs across the world, according to a memo sent to staff on May 7. The cybersecurity company said that the layoffs are part of a sweeping reorganisation to prepare for what it calls the agentic AI era. As reported by Business Insider, the layoff announcement was made by the…
Uber is slowing its headcount growth to pivot more resources toward artificial intelligence (AI), according to CEO Dara Khosrowshahi. During the company’s first-quarter 2026 earnings call, Khosrowshahi explained that the productivity gains offered by AI are significant enough that they justify a shift in spending from human hires to technology.“I think you should just look…
A recent filing from the Bill Gates-owned Gates Foundation Trust has revealed that the foundation holds billions of dollars worth of shares in Caterpillar, a company now being seen by some investors as an important player in the growing AI infrastructure market. According to the latest 13F filing, the Gates Foundation Trust owns more than…
Anthropic CEO Dario Amodei has now jokingly acknowledged that his company’s explosive growth may be ‘too hard to handle’. According to a report by Business Insider, speaking at the Code with Claude developer conference in San Francisco along with co-founder Daniela Amodei, he revealed that Anthropic witnessed 80x year-over-year growth in revenue and usage in…
PayPal is planning to layoff thousands of employees over the next two to three years. According to a report by The Wall Street Journal, PayPal is said to layoff 20% of its staff which amounts to roughly 4,760 positions out of the 23,800 employees. As per the report, the layoffs are part of a sweeping…
Google’s DeepMind employees are demanding union recognition amid concerns over their AI technology’s use by the US and Israeli militaries. Workers seek a commitment against developing AI weapons and surveillance tools, urging management to voluntarily recognize their unions or face legal action. The move highlights growing anxieties about AI’s ethical implications and its potential for…
Microsoft’s head of experiences and devices unit, Rajesh Jha, announced his retirement in March. Now, the software giant is reportedly reorganising leadership responsibilities after Jha’s decision to leave the company after 35 years. This restructuring will reassign key Microsoft divisions, including Windows, Office, Microsoft 365, and Copilot, to several senior leaders at the company, according…
Michael Bloomberg was being fired from Salomon Brothers. Image credit – Wikimedia Facing a sudden career exit can lead to mental frustration and whatnot. However, the story was completely different for businessman and politician Michael Bloomberg. In 1981, he faced a low point in his life that became a turning point in his career. As…
Palantir CEO Alex Karp has a warning and an advice for all the companies offering AI tools in the US: stop chasing “AI slop” and start focusing on software services that actually work. In Q1 2026 earnings call, Karp’s Palantir reported huge growth in the country, leading the company to project a massive 71% growth…
