Xbox Layoffs May Target Key Studios Including Undead Labs Amid Industry Cuts
Microsoft reportedly plans extensive layoffs across Xbox’s first-party studios, potentially affecting Undead Labs despite their upcoming State of Decay 3 release.
Corporate Power
Latest in Corporate Power
Corporate Power
Corporate Power
AI Startup 8090 Raises $135 Million to Accelerate Software Development Automation
8090 Solutions secures $135 million in Series A funding led by Salesforce Ventures to expand its AI-driven platform that streamlines application development and updates.
Corporate Power
Adobe to Acquire Topaz Labs, Integrating AI Enhancement into Creative Cloud
Adobe will acquire Topaz Labs, integrating its AI-powered upscaling and enhancement tools into Adobe Firefly and Creative Cloud while maintaining standalone Topaz products.
Corporate Power
Edison Scientific emerges from nonprofit FutureHouse to lead AI-driven drug discovery ventures
Spun off from nonprofit FutureHouse after major pharma interest, Edison Scientific secured significant venture funding to commercialize AI agents for drug development.
Corporate Power
Insilico and SK Biopharmaceuticals Forge Up-to-$2.5B AI Partnership for Neuroimmune Drug Development
Insilico Medicine teams with SK Biopharmaceuticals to harness AI in discovering and developing drugs targeting neuroimmune disorders of the central nervous system, in a deal worth up to $2.5 billion.
Corporate Power
Former Google Executive Leaves After Nearly $1 Million Year to Launch AI Startup
After earning close to $1 million as a Google account executive, Yousuf Imran exited to build his own AI sales tools company amid concerns over layoffs and missed equity opportunities.
Corporate Power
Quantic Dream Employees Strike to Prevent Star Wars Eclipse Layoffs and Project Collapse
Quantic Dream workers staged a strike demanding the reversal of planned layoffs that threaten both their jobs and the future of the unfinished Star Wars Eclipse game.
Corporate Power
Elon Musk Targets Acquisition of SpaceX-Linked Optics Startup to Boost AI Infrastructure
Elon Musk seeks to acquire Mesh Optical Technologies, a SpaceX-founded optics startup, deepening his influence over AI data center components amid swift FTC antitrust scrutiny.
Corporate Power
OpenAI Mulls Postponing IPO Following SpaceX Market Performance
OpenAI is reportedly considering delaying its initial public offering to next year after evaluating SpaceX’s recent stock market debut and its implications.
Corporate Power
Apple hikes prices on Macs and iPads amid rising AI-driven component costs
Apple raised prices on multiple Macs, iPads, and home devices due to soaring AI-related memory and storage expenses, marking an unusual mid-cycle adjustment.
Corporate Power
OpenAI Considers Postponing IPO Amid Market Volatility and Investor Skepticism
OpenAI reportedly plans to delay its initial public offering until next year as market turbulence and SpaceX’s post-IPO decline raise concerns about investor demand.
Corporate Power
Hub International Moves Closer to US IPO with Confidential SEC Filing
Hub International, one of North America’s largest insurance brokers, filed confidentially for a US initial public offering, signaling progress toward a public market debut.