Business - News Articles

Microsoft Slashes 15,000 Jobs Amid Tech Industry Turmoil

Jul 03, 2025

Fortune

In a major restructuring amid tech industry upheaval, Microsoft announces sweeping job cuts, slashing 15,000 positions across divisions and regions to streamline operations and adapt to technological shifts, despite robust financials.

Labor & Jobs Business

Zuckerberg Unveils Meta Superintelligence Labs, Lures AI Talent from Rivals

Jul 03, 2025

CNBC

In a bold move, Meta CEO Mark Zuckerberg unveils Meta Superintelligence Labs, poaching top AI talent from rivals like OpenAI and Google to spearhead development of cutting-edge foundation models and AI products under the new division.

Foundation Models Labor & Jobs Business

Microsoft's AI Chip Braga Delayed Until 2026, Nvidia Gains Edge

Jul 02, 2025

TechSpot

Microsoft's custom AI chip Braga faces unexpected delays, pushing mass production to 2026, allowing Nvidia's Blackwell chips to solidify dominance in the AI chip market due to design changes, staffing shortages, and high turnover at Microsoft.

Hardware Business

OpenAI Chief Altman Blasts Meta's AI Hiring Blitz, Vows 'Missionaries Will Prevail'

Jul 02, 2025

WIRED

OpenAI CEO Sam Altman fiercely criticizes Meta's aggressive AI talent recruitment, vowing that 'missionaries will prevail' over 'mercenaries' in the race to develop artificial general intelligence, as OpenAI evaluates compensation to retain researchers.

Business Labor & Jobs

Meta Raids OpenAI, Offers AI Talents Massive Payouts

Jul 02, 2025

WIRED

Meta raids OpenAI, offering top AI talents massive payouts up to $300 million over four years, with one researcher turning down chief scientist role, leaving OpenAI feeling violated.

Labor & Jobs Business

Zuckerberg Unveils Meta's 'Superintelligence' Division, Poaches Top AI Researchers

Jul 01, 2025

eWEEK

Mark Zuckerberg unveils Meta's 'superintelligence' division, poaching top AI researchers from OpenAI, Google DeepMind, Anthropic, and Sesame, aiming to deliver 'personal superintelligence for everyone'.

Foundation Models Business Labor & Jobs

Cloudflare and Oracle Challenge Cloud Giants with Edge Network and AI Innovations

Jun 30, 2025

InfoWorld

Cloudflare unleashes a global edge network and frictionless developer toolchain, while Oracle leverages its enterprise data gravity to fuel an AI-driven growth engine, presenting compelling alternatives to the dominant cloud giants.

Cloud Computing Business Hardware

OpenAI Vows Fierce Battle Against Meta's Talent Poaching

Jun 29, 2025

WIRED

OpenAI leadership defiantly vows to combat Meta's aggressive poaching of its top researchers, promising higher compensation and creative retention tactics as the AI lab shifts focus to achieving artificial general intelligence over product rollouts.

Business Labor & Jobs Foundation Models

OpenAI Adjusts Pay to Counter Meta's AI Talent Raid

Jun 29, 2025

TechCrunch

OpenAI recalibrates compensation and explores creative rewards to counter Meta's aggressive hiring of its senior AI researchers, as the Chief Research Officer expresses concern over the talent raid.

Labor & Jobs Business

Meta Poaches Four OpenAI Researchers Amid AI Talent War

Jun 28, 2025

TechCrunch

Meta escalates the AI talent war, poaching four researchers from OpenAI amid its Llama 4 AI models' underperformance, fueling the tug-of-war between the tech giants over AI talent and lucrative compensation packages.

Labor & Jobs Business Foundation Models