Oracle Lays Off Thousands of Employees
Oracle is laying off thousands of employees, CNBC reported. The move comes as the company’s substantial spending on AI data centers has eaten into its cash reserves, prompting it to issue tens of bi...
Anthropic’s Coding Agent Source Code Exposed in Leak
Anthropic mistakenly leaked some of the source code underlying its Claude Code application, the company said on Tuesday. The leak revealed new details about how the popular AI coding tool works and po...
Activist Investor Calls on Snap to Make “Meaningful Changes”
Activist investor Irenic Capital Management called on Snap CEO Evan Spiegle to make “meaningful changes” in how the company is run, in hopes of lifting its faltering stock price from its current ...
AI Is Weighing on the Software Debt Market
It’s not just software stocks that have been hammered by investor anxieties about the threat AI poses to software. Prices that investors are willing to pay for syndicated bank debt to software firms...
Chinese AI Firm Zhipu’s 2025 Revenue Jumps 132%
Chinese AI model developer Zhipu said its revenue last year more than doubled to 724 million yuan ($105 million), while its net loss widened sharply due to growing research and development expenses. T...
Fashion Brand Firm to Buy Allbirds for $39 Million
Ailing shoemaker Allbirds agreed to sell itself for just $39 million, an ignominous end to the once-trendy venture-backed shoe firm that went public in 2021 with a valuation as high as $4 billion. All...
SpaceX Makes a $75 Billion Offer Investors Can’t Refuse
Whether professional investors think SpaceX is the stock of a lifetime or a grossly overvalued Elon Musk conglomerate, they will be under intense pressure to buy into its initial public offering at a ...
