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Technology companies are experiencing a shift in their approach as they mature in the industry. Instead of prioritizing growth and innovation at all costs, they are now focusing on doing more with less. Companies like Meta and Amazon have recently reported their fourth-quarter earnings, surpassing revenue expectations. However, what truly caught the attention of investors
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Tesla, the renowned electric vehicle manufacturer, has agreed to pay a fee of $1.5 million to settle a civil lawsuit concerning the mishandling of hazardous waste materials at its facilities in California. Despite the substantial settlement amount, it is worth noting that this figure is relatively insignificant for Tesla, considering the company’s reported net income
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PayPal, the global online payment company, has recently announced plans to reduce its global workforce by 9%, comprising approximately 2,500 jobs. This decision, revealed in an internal letter written by CEO Alex Chriss, emphasizes the need for increased focus and efficiency within the company. These job cuts will affect both existing roles and anticipated hiring
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OpenAI recently announced a partnership with Common Sense Media, a nonprofit organization focused on making technology safe and accessible to children. The collaboration aims to develop guidelines and educational materials that promote the responsible and safe use of artificial intelligence (AI) among teens. This initiative reflects the growing concern about the potential risks and benefits
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The Department of Justice (DOJ) has unveiled its findings regarding former New York Governor Andrew Cuomo, concluding that he subjected at least 13 women to a “sexually hostile work environment” during his time in office. The investigation, launched in August 2021 following mounting sexual harassment allegations, shed light on Cuomo’s repeated instances of unwelcome sexual
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Intel, the largest semiconductor maker by revenue, experienced a drop in its shares during extended trading after the chipmaker issued a disappointing outlook for the first quarter of 2024. The company’s earnings per share for the latest quarter exceeded Wall Street estimates, but its forecast for the upcoming quarter fell short of analyst expectations. For
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