Two Tesla executives, Drew Baglino and Rohan Patel, are stepping down from their posts after the company announced steep layoffs.
Industry
Google Confirms More Layoffs, Relocations as Part of Finance Team Restructuring Amid AI Shift
The finance team of Google is undergoing restructuring, which will include layoffs and relocations, as the company shifts its focus towards investments in AI.
Trump's Truth Social Stock Price Plummets by Nearly 70% From Its Peak; SocMed Reportedly Gone Woke
The stock of Trump Media & Technology Group, the parent company of Trump's social media platform Truth Social, has become a crucial factor in the former president's financial standing ever since the company made its debut on the stock market in March.
Intel, Linux Foundation, and Other Tech Companies Will Work Together to Build Open Generative AI Tools for Businesses
Intel and other major tech companies have launched the Open Platform for Enterprise AI (OPEA) project.
Donald Trump's Truth Social to Launch Streaming Platform, But Trump Media Stock Still Drops as New Plan Fails to Excite Investors
Investors in Trump Media & Technology Group's stock witnessed another dip even after its social media platform, Truth Social, announced it was entering the streaming world.
Latest News
Adobe has unveiled a new artificial intelligence-powered product called Acrobat AI Assistant. Adobe has unveiled a new artificial intelligence-powered product called Acrobat AI Assistant, designed to assist users in understanding digital documents.
There have been claims circulating on social media in recent weeks regarding Disney's alleged acquisition of Jeffrey Epstein's island. However, the claims, despite gaining significant attention on platforms such as TikTok and X, are fake.
SAG-AFTRA, UMG, and other major labels decided to have a new deal to protect the music industry from AI.
Elon Musk's announcement of layoffs exceeding 10% of Tesla's workforce led to a 1.20% decline in the company's stock during premarket trading, with investors expressing concerns over the decision's impact on the company's stability and future.
India's tea and rice exporters to the Middle East saw their stock values collapse on worries of logistical issues and higher costs due to geopolitical tensions.
Industry records show that storms and extreme rain caused a record £573 million ($715 million) in UK home insurance claims last year.
A group representing the legal marijuana market cautioned New York cannabis regulators that a large increase in pot retailers might harm licensed companies.
Apple has faced a significant setback in its iPhone shipments, experiencing a larger-than-projected 10% decline in the March quarter.
Indian Prime Minister Narendra Modi pledged to make India a global manufacturing hub and construct infrastructure as companies leave China.
