Meta to cut 5% of staff, focusing on "low performers," while boosting AI investments. Restructuring continues as 2023's "Year of Efficiency" impacts thousands of roles.
Prime Minister Keir Starmer has affirmed that Britain will establish its own approach to artificial intelligence regulation, emphasising the importance of testing and understanding AI before implementing a proportionate and grounded regulatory framework.
Disney, Fox, and Warner Bros Discovery have cancelled Venu Sports, their joint sports streaming venture, following legal challenges and accusations of anti-competitive behaviour.
Philips has sold its chipmaking subsidiary, Xiver, to a consortium led by Orange Mills Ventures, marking another step in the company’s shift away from semiconductor operations, Dutch newspaper De Telegraaf reported.
Nvidia unveils AI breakthroughs at CES 2025, introducing Cosmos models for training robots and cars, advanced gaming chips, and new automotive tech with Toyota, targeting $5B revenue by 2026.
The U.S. DOJ urges the Supreme Court to reject Trump’s request to delay TikTok’s potential ban or forced sale by Jan. 19, citing national security concerns and data privacy issues.
Microsoft plans to invest nearly $100B in AI-enabled data centres by FY 2025, aiming to drive global innovation and maintain U.S. leadership in AI technology.
Tesla's 2024 deliveries dropped 1.1%, missing estimates. Aging models, competition, and high costs weigh on sales, despite China growth and Cybertruck's debut. Shares fell 6%.
Norway leads the EV revolution: 9 out of 10 cars sold in 2024 were electric, driving the nation closer to its goal of fully electric new car sales by 2025.
OpenAI plans to restructure as a public benefit corporation, aiming to attract major investments while balancing AI innovation, social good, and shareholder interests.
U.S. judge ruled on Friday in favour of Meta Platforms' WhatsApp in a lawsuit accusing Israel's NSO Group of exploiting a bug in the messaging app to install spy software allowing unauthorized surveillance.
Honda and Nissan plan to merge, forming the world’s third-largest automaker, as Japan’s car giants accelerate efforts to lead the shift to electric and autonomous vehicles.
Starbucks workers expand strikes to 10 U.S. cities, including New York and Philadelphia, over unresolved wage and staffing disputes, impacting holiday operations.
U.S. lawmakers have given TikTok a January 19 deadline to comply with new measures or face removal from app stores due to data privacy and national security concerns, highlighting geopolitical tensions surrounding the short-video app.
Amazon workers at multiple US facilities have gone on strike, demanding fair pay and benefits, as the retailer faces mounting pressure during the final days of the holiday shopping season.
UniCredit has raised its stake in Germany's Commerzbank to 28 percent through new derivative contracts, the Italian bank announced on Wednesday, December 18. This move comes as UniCredit faces challenges in its bid for Italian rival Banco BPM.
Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
TikTok urges the US Supreme Court to block a looming ban, arguing the law violates free speech, as ByteDance faces a 19 January deadline to divest the app or face shutdown.
Boeing to cut 396 jobs in Washington by February as part of a 10% workforce reduction, following cost-cutting measures after a factory workers' strike in September.
Google's new Willow chip marks a breakthrough in quantum computing, solving problems in minutes that would take classical computers billions of years, with advanced error correction paving the way for practical applications in medicine, AI, and beyond.
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