Technology companies are experiencing a profound shift in their approach to growth. The days of unfettered expansion and limitless hiring are giving way to a more measured and disciplined strategy. Meta and Amazon, two of the largest tech companies, have recently showcased their ability to do more with less, leading to increased shareholder confidence. This
US
Tesla, the electric vehicle manufacturer, recently agreed to pay a fee of $1.5 million to settle a civil lawsuit accusing the company of mishandling hazardous waste materials at its facilities in California. While this may seem like a significant penalty, it is relatively insignificant for Tesla, considering the company’s reported net income of $7.93 billion
The House of Representatives made a decisive move on Wednesday night by passing a $78 billion tax package. Aimed at expanding the child tax credit, this bill achieved a bipartisan majority of 357-70, signaling strong support. However, as it now heads to the Senate, its future remains uncertain. With objections from different corners of the
In a recent ruling by the Delaware Chancery Court, the $56 billion pay package awarded to Elon Musk, CEO of Tesla, has been voided. The court stated that the company’s board of directors failed to demonstrate the fairness of the compensation plan. This decision has had a negative impact on Tesla’s stock price, as it
PayPal, under the leadership of CEO Alex Chriss, recently announced a workforce reduction of approximately 9% globally, resulting in the loss of about 2,500 jobs. This decision comes as the company seeks to streamline operations, drive efficiency, and foster a culture of innovation. While necessary for the long-term success of the business, the job cuts
Artificial intelligence (AI) is a rapidly advancing technology that has the potential to revolutionize various aspects of our lives. However, with its growth comes the need for responsible and safe use, especially among teenagers. OpenAI, a prominent AI research organization, has recognized this need and announced a partnership with Common Sense Media, a nonprofit organization
President Joe Biden’s campaign is taking an innovative approach to raise funds and inspire Democratic voters who have yet to show strong enthusiasm for the party’s 2024 ticket. The campaign is in the early stages of planning a first-of-its-kind fundraiser that would feature three Democratic presidents appearing together: Biden, Bill Clinton, and Barack Obama. While
Social media platforms have once again come under scrutiny for their role in the circulation of nonconsensual sexually explicit deepfakes, this time targeting pop star Taylor Swift. On X, users noticed that they could no longer search for Swift’s name, following the viral spread of deepfakes portraying the singer in compromising scenarios. This article delves
In a shocking revelation, the Department of Justice (DOJ) has determined that former New York Governor Andrew Cuomo created a sexually hostile work environment for at least 13 women during his time in office. This conclusion comes after an investigation that was launched in August 2021, following mounting sexual harassment allegations against Cuomo. The findings
Intel, the largest semiconductor maker by revenue, reported results for the fourth quarter of 2023 that beat Wall Street estimates, but its outlook for the first quarter of 2024 fell short of analyst forecasts. The chipmaker announced earnings per share of 54 cents, adjusted, compared to the expected 45 cents. Revenue came in at $15.4