Oracle Cuts 21,000 Jobs Amid Record Revenue Growth Fueled by AI Expansion
Oracle reduced its workforce by 13% as investment in AI and cloud infrastructure boosted revenue to a company record, highlighting AI’s dual impact on tech employment.
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Prosper AI Secures $30M to Enhance Healthcare Patient Interaction Automation
Prosper AI raised $30 million to expand its AI-driven platform that streamlines healthcare providers’ patient communications and administrative workflows.
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Gavin Newsom’s War Chest Grows Amid DOJ Investigation, Funding Expands to Political and Media Campaigns
Governor Gavin Newsom has raised nearly $14.5 million through related PACs following a DOJ probe, channeling funds into digital ads, staff salaries, a book tour, and political consulting.
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EA Announces Another Wave of Layoffs Amid Organizational Restructuring
Electronic Arts is cutting jobs across multiple departments as it adjusts its operations to better align with shifting player demands, according to insider reports.
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MoonPay Expands into AI-Driven Finance with Entendre Acquisition
MoonPay has acquired Entendre to integrate AI accounting agents into stablecoin finance operations, aiming to streamline and automate complex workflows for high-volume businesses.
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Lucid Motors Cuts 18% of Workforce and Eliminates COO Role to Streamline Operations
Lucid Motors announced an 18% workforce reduction and the elimination of its COO position amid efforts to align production with demand and reduce costs.
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SpaceX Expands Capital Strategy with Bond Market Entry Amid AI and Starship Investments
Shortly after a major IPO, SpaceX issued its first senior unsecured notes to secure long-term financing for AI and rocket projects, signaling a shift toward sustained industrial growth.
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Adam Schiff Questions Legitimacy of DOJ Investigation into Governor Gavin Newsom
Senator Adam Schiff expressed skepticism about the Department of Justice probe into Governor Gavin Newsom, highlighting past abuses under previous administrations.
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SharkNinja’s CEO Launches Company-Wide AI Hackathon to Accelerate Innovation
SharkNinja halted regular operations for four days to immerse employees in an AI hackathon, aiming to bridge skill gaps and boost creativity across all levels.
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SanDisk Innovates with NAND and Compute Chip Integration Amid HBM Supply Constraints
Facing critical high-bandwidth memory shortages, SanDisk proposes stacking NAND Flash and compute units on a single chip to boost AI and HPC performance.
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Santander Expands AI Access to All Employees Aiming for $1.15 Billion Business Boost
Santander rolls out artificial intelligence tools to its entire workforce of 185,000, targeting over $1 billion in business value through enhanced efficiency and customer experience.
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Lawsuit Alleges Toyota Charity Misused EV Project to Benefit For-Profit Startup
A nonprofit suing Toyota claims its electric vehicle concept for African farmers was transferred without consent to a Kenyan startup backed by a Toyota-affiliated foundation.