Square Enix Targets US, European Divisions For Layoffs After Poor Sales: Report
Square Enix plans layoffs in American and European divisions amid restructuring, targeting publishing, IT, and indie games staff.
At Google I/O 2024, Sundar Pichai And Team Announces New Gemini Models, Project Astra, AI Fraud Protection And More: Here’s All You Need To Know
Google announces new features for Gemini and its AI capabilities, including AI Overviews, Google Photos, and Google Workspace, at I/O conference.
‘Running Out Of Money’: AI Firms That Took Bold Bets May Need To Sell
Firms with limited cash balances are burning through their funds to keep afloat.
Meta Pulls Plug On Enterprise Communication Tool Workspace After 10 Years
Meta Platforms Inc (NASDAQ:META) announces the shutdown of Workplace, its business communication platform, marking a pivotal shift in enterprise strategy. Learn how this closure impacts Facebook's narrative in enterprise communication.
Tesla Sued In California For Environmental Violations
Tesla Inc (NASDAQ:TSLA) faces mounting legal woes as an environmental nonprofit, the Environmental Democracy Project, files a lawsuit alleging violations of the Clean Air Act. The suit accuses Tesla's Fremont plant of emitting harmful pollutants, endangering residents and workers. With potential fines of up to $121,275 per day per violation, Tesla's regulatory challenges escalate amid increased scrutiny over its environmental practices.
Google I/O 2024 To Spotlight AI Innovations And New Monetization Opportunities, Analyst Says
KeyBanc analyst reiterates Buy rating on GOOGL with $200 PT. Expects Google I/O to showcase scale & AI opportunities, updates on Android 15, Wear OS, SGE, Cloud. Sees potential for monetizing non-ad services.
Tesla Versus Swedish Union Sparks Showdown Over Collective Bargaining
Tesla faces heated tensions as Swedish union sparks showdown over collective bargaining, escalating labor disputes, while TSLA shares rise.
Amazon Web Services Undergoes Leadership Change, Matt Garman to Take Over as CEO
Amazon (AMZN) stock down as Matt Garman replaces Adam Selipsky as AWS CEO. AWS's 2021 job cuts aimed for digital self-service training. $143.3B Q1 sales, $100B annual run rate. Dominant in cloud market and AI. Gain exposure through XLY and FDIS. AMZN -0.84% at $185.00
Taiwan Semi Set to Build $11B Chip Plant in Germany, Aiming for 2027 Production Start
Taiwan Semiconductor Manufacturing Co will build its first European semiconductor facility in Dresden, Germany in 2024. The $11 billion factory will start production in 2027 with support from EU and German government. TSMC stock gained over 75% in the last 12 months.
Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally
President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.