Category: Business
6 articles-
BusinessLinkedIn Cuts 875 Jobs Despite 12% Revenue Growth as AI Reshapes Tech Workforce
LinkedIn's latest round of layoffs — affecting roughly 5% of its workforce — underscores a widening pattern in tech where strong financial performance coexists with aggressive headcount reduction driven by AI-first operational strategies.
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BusinessChina Blocks Meta's Acquisition of AI Agent Startup Manus in Landmark Tech Intervention
Beijing's National Development and Reform Commission has blocked Meta's acquisition of Chinese AI startup Manus, signaling an escalation in the US-China AI rivalry and raising questions about the future of cross-border AI deals.
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BusinessSpaceX Acquires xAI in All-Stock Deal, Creating a $1.25 Trillion AI-Space Powerhouse
SpaceX has completed its acquisition of Elon Musk's xAI in a landmark all-stock transaction, forming a vertically integrated entity valued at $1.25 trillion. The combined company is pursuing space-based AI data centers and preparing for what could be the largest IPO in history.
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BusinessOpenAI Projects $2.5B in 2026 Ad Revenue, Targeting $100B by 2030
As large language models become the primary interface for the internet, OpenAI is heavily pivoting towards a massive, integrated advertising ecosystem.
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BusinessGlobal AI Spending to Hit $2.52 Trillion in 2026 — A 44% Jump That's Reshaping Every Industry
Worldwide AI investment is projected to reach $2.52 trillion in 2026, a 44% surge from 2025. From enterprise software to hardware, the capital pouring into AI is already restructuring markets and business models at speed.
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BusinessWonderful AI Raises $150M at $2B Valuation Targeting Non-English Markets
AI-powered customer service startup Wonderful has closed a $150 million funding round at a $2 billion valuation — with a deliberate focus on the billions of customers underserved by English-first AI tools.