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Heineken to slash up to 6,000 jobs in AI ‘productivity savings’ amid slump in beer sales
An employee checks a Heineken beer bottle on a packaging conveyor at the Heineken NV brewery in Zoeterwoude, Netherlands. Jasper Juinen | Bloomberg | Getty Images Dutch brewer Heineken is planning to lay off up to up to 7% of its workforce, as it looks to boost efficiency through productivity savings from AI, following weak […]
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Anthropic executive takes a thinly-veiled swipe at OpenAI over spending and ads
Anthropic is focused on growing its business rather than making “flashy headlines,” its commercial chief told CNBC in a thinly-veiled swipe at rival OpenAI as the public war of words between the AI giants continues. Anthropic aired ads at Sunday’s Super Bowl taking a dig at OpenAI’s decision to begin testing ads on ChatGPT. OpenAI […]
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Astera Labs shares sink 10% as revenue comes up short of some expectations
Astera Labs reported fourth-quarter earnings that beat on top and bottom lines, but shares plunged as much as 10% as revenue came short of some analysts’ expectations. Here’s how the artificial intelligence infrastructure and semiconductor company did compared to LSEG consensus estimates: Earnings per share: 58 cents vs. 51 cents expected Revenue: $271 million vs. […]
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Amazon gets FCC approval to launch 4,500 Leo internet satellites
Amazon Leo Satellite Connectivity signage is displayed during the annual Consumer Electronics Show (CES) in Las Vegas, Nevada on January 6, 2026. Patrick T. Fallon | Afp | Getty Images The Federal Communications Commission said Tuesday it approved Amazon’s request to deploy 4,500 satellites, expanding the company’s planned constellation as it vies to compete with […]
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Vatican Bank makes first foray into equity indexes, setting stage for potential ETF launches
Key Points The Vatican Bank launched on Tuesday two equity indexes tracking stocks that it said are consistent with Catholic ethical principles. Its Eurozone fund includes semiconductor supplier ASML Holding and telecommunications company Deutsche Telekom, while the US-based index holds Meta and Amazon, among other stocks. The debut sets up the possibility of licensing […]
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Estee Lauder sues Walmart alleging ‘despicable’ sale of counterfeit beauty products
Walmart Inc. signage during the company’s listing at the Nasdaq MarketSite in New York, US, on Tuesday, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Estee Lauder sued Walmart in California federal court over allegations the big-box retailer sold counterfeit beauty products on its website and didn’t do enough to ensure only authorized […]
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Alphabet boosts debt sale again as total raise exceeds $30 billion, sources say
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. David Paul Morris | Bloomberg | Getty Images Alphabet’s debt sale keeps getting bigger. The company is close to finalizing a global bond issuance in excess of $30 billion, according to two […]
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UBS downgrades U.S. IT sector despite a recovery. It gave 3 reasons why
Key Points UBS downgraded its outlook on U.S. IT stocks on Tuesday, citing lingering “software uncertainty” and increased capital expenditure. The Swiss investment bank’s move comes after a sell-off in software stocks over the past week as investors turn cautious towards the sector. UBS recommended investors diversify exposure to other sectors, including healthcare and utilities. […]
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Alphabet calls out new AI-related risks, as it taps debt market to fund buildout
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California, on May 20, 2025. David Paul Morris | Bloomberg | Getty Images As Alphabet returns to the debt market to fund its artificial intelligence buildout, the company is acknowledging new risks tied to the rise of AI […]
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Sam Altman touts ChatGPT’s reaccelerating growth to employees as OpenAI closes in on $100 billion funding
As OpenAI faces intensifying pressure from rival Anthropic’s improved coding tools, CEO Sam Altman is telling employees and investors that his company is seeing its share of momentum. Altman told OpenAI employees on Friday that ChatGPT, the company’s popular artificial intelligence chatbot, is “back to exceeding 10% monthly growth,” according to an internal Slack message […]
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