AMD reported better than expected earnings this week, bucking the trend as fellow chipmakers struggle. The company’s fourth quarter results beat Wall Street expectations for both sales and profit, but did warn…
IBM Beats Revenue Estimates, Announces 3,900 Layoffs
IBM’s quarterly revenue beat analyst estimates this week, as the company enjoyed higher than expected growth in its software and infrastructure segments. But it was also revealed the tech giant plans to…
Activist Investor Elliott Takes Multi-Billion Dollar Stake in Salesforce
Activist investor Elliott Investment Management has taken a substantial stake in Salesforce, amid job cuts and a hefty fall in share price at the software company. According to multiple reports, Elliott took…
Microsoft to Lay Off 10,000 Employees
Microsoft will lay off 10,000 employees as part of cost-cutting measures, the company said in a securities filing this week. The company became the latest tech giant to announce massive job losses,…
Microsoft Plans $10bn ChatGPT Investment – Report
Microsoft is reportedly planning to invest $10 billion in OpenAI, the company behind the artificial intelligence tool ChatGPT. A report from Semafor suggests the investment is part of a funding round with…
Amazon to Cut 18,000 Jobs
Amazon has revealed plans to lay off more than 18,000 employees in response to worsening global economic conditions. A memo shared by Amazon CEO Andy Jassy with employees states several teams within…
Microsoft Game Developers Unionize
Microsoft has recognized its first labor union in the United States, after employees at the videogame production company ZeniMax Studios overwhelmingly voted to unionize. ZeniMax produces the popular video games The Elder…
SpaceX Raising $750m at $137bn Valuation – Report
SpaceX is raising $750 million in a new round of funding that would value the company at $137 billion, according to a report by CNBC. The reusable rocket maker raised $2 billion…
Musk to Quit Twitter Role Once Replacement is Found
Elon Musk has announced he will abide by the results of a Twitter poll he posted and resign from his position as CEO of the social media company, but only when he…
FTC Hits Epic Games With $520m Fine and Refund Order
The Federal Trade Commission has ordered video game company Epic Games to pay a total of $520 million in penalties and refunds, after complaints involving the privacy of children and tricking players…