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Microsoft to Lay Off 10,000 Employees 

January 19, 2023

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,…

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Tesla Engineer Testifies Self Driving Video Was Staged 

January 18, 2023

Tesla staged a 2016 video used to promote self driving technology in its cars, according to a testimony by a senior engineer at the company.  The 2016 video, which shows capabilities such…

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European Union Preparing to Challenge Microsoft’s $69bn Activision Blizzard Acquisition – Report 

January 17, 2023

The European Union is ready to challenge Microsoft’s proposed $69 billion deal to buy video game producer Activision Blizzard, potentially making it even more difficult for the tech giant to complete the…

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Swedish Mining Company Finds Europe’s Largest Rare Earth Deposit 

January 13, 2023

A Swedish mining company has discovered Europe’s largest deposit of rare earths — minerals used to make products like smartphones and electric vehicles.  In 2021, 98% of rare earths used in the…

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Microsoft Plans $10bn ChatGPT Investment – Report 

January 10, 2023

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…

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Jack Ma to Cede Control of Ant Group 

January 9, 2023

Jack Ma, the billionaire founder of Ant Group, is to cede control of the Chinese fintech company following a regulatory crackdown.  Ant Group, which runs Alipay, the main online payment system in…

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Amazon to Cut 18,000 Jobs 

January 5, 2023

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…

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Microsoft Game Developers Unionize 

January 4, 2023

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…

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SpaceX Raising $750m at $137bn Valuation – Report 

January 3, 2023

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…

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Musk to Quit Twitter Role Once Replacement is Found 

December 21, 2022

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…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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