Month: September 2024
Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Phil Spencer, executive vice president at Microsoft, speaks at the company’s Xbox One X reveal event ahead of the E3 Electronic Entertainment Expo in Los Angeles on June 11, 2017. Patrick T. Fallon | Bloomberg | Getty Images Microsoft on Thursday said it is cutting 650 roles at its Xbox gaming division, in the latest […]
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SpaceX performs historic first spacewalk with Polaris Dawn crew
Polaris Dawn commander Jared Isaacman emerges from SpaceX’s Dragon capsule during a spacewalk on Sept. 12, 2024. SpaceX SpaceX pulled off its first spacewalk in the early hours of Thursday morning, in a historic first for a company. The marquee event of the private Polaris Dawn mission went smoothly, with two of the crew members […]
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OpenAI, Anthropic and Google execs meet with White House to talk AI energy and data centers
OpenAI CEO Sam Altman during a fireside chat organized by Softbank Ventures Asia in Seoul, South Korea, on Friday, June 9, 2023. SeongJoon Cho | Bloomberg | Getty Images Leaders at OpenAI, Anthropic, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence […]
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Why credit card fraud alerts are rising, and how worried you should be about them
Rainstar | E+ | Getty Images It’s a scenario most people have encountered: you try to make a big or unexpected purchase on your credit card, and, at the moment you need it the most, the card gets declined. Sometimes, it’s as simple as confirming the purchase via text message, and you can quickly complete […]
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Wholesale prices rose 0.2% in August, in line with expectations
Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The producer price index, a measure of final demand goods and services costs that producers receive, increased 0.2% on the month, the Bureau of Labor Statistics said Thursday. That matched […]
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Airbus Ventures launches $155 million fund focused on deep tech, including space
Thomas d’Halluin, Managing Partner of Airbus Ventures, at Hangar One of NASA Ames Research Center’s Moffett Field in California. Airbus Ventures Airbus Ventures, one of the most prolific investors in space startups, has raised a $155 million fund that it plans to deploy across the burgeoning space sector, as well as the broader “deep tech” […]
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JD Vance says he thinks Apple benefits from Chinese slave labor: ‘That’s pretty sick’
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC’s “Squawk Box,” stating he thinks the company benefits from “slave labor” in China. His comment was part of a broader conversation about taxing companies that rely on manufacturing in China. “Do I think Apple is an evil company? No. Do […]
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Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Ajit Jain, Warren’s Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a new regulatory filing showed. The 73-year-old vice chairman of insurance operations dumped 200 shares of Berkshire Class […]
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Gilead’s twice-yearly shot cut HIV infections by 96% in trial
A pharmacist holds a vial of lenacapavir, the new HIV prevention injectable drug. Nardus Engelbrecht | AP Gilead‘s twice-yearly shot reduced HIV infections by 96% in a second large study, the company said Thursday. The positive phase three trial data on Lenacapavir sets the stage for likely approval by the U.S. Food and Drug Administration […]
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CEO of Ford’s highly profitable Pro business to retire
Ted Cannis, chief executive officer of Ford Pro, speaks during an interview in New York, on Thursday, July 28, 2022. Victor J. Blue | Bloomberg | Getty Images DETROIT — The head of Ford Motor‘s highly profitable “Pro” commercial and fleet business will retire at the end of this month, the company said Thursday. The […]
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