HP launches massive $1 billion AI initiative that will eliminate up to 6,000 jobs globally by 2028 through automation, while reporting mixed quarterly results with $14.6 billion revenue missing analyst expectations despite rising PC sales.
HP announces plans to eliminate up to 6,000 jobs worldwide by 2028 as the tech giant restructures operations to focus on artificial intelligence while combating rising memory chip costs that threaten profits, expecting $1 billion in savings from the major workforce reduction.
Physical Intelligence secures $600 million in funding at a $5.6 billion valuation, developing breakthrough 'universal robot brain' technology that enables 13 hours of continuous robot operation using advanced reinforcement learning across multiple hardware platforms.
Tokyo-based Sakana AI secures $135 million Series B funding at a $2.65 billion valuation to develop AI models specifically optimized for Japanese language and culture, with plans to expand into defense, manufacturing, and government sectors by 2026.
NVIDIA unveils Apollo AI models that accelerate scientific simulations by up to 500x across semiconductor, aerospace, automotive, and weather industries, with major companies like Applied Materials and Siemens already adopting the technology for real-time digital twins and computational engineering breakthroughs.
SoftBank sells its entire $5.8 billion Nvidia stake to fund a massive $30 billion investment in OpenAI and participate in a $1 trillion AI manufacturing hub in Arizona, sending Nvidia shares down 3% as markets question founder Masayoshi Son's bold bet on artificial intelligence over chip manufacturing.
Generalist AI releases GEN-θ, breakthrough robot foundation models trained on 270,000 hours of real-world manipulation data, discovering a critical 7B parameter intelligence threshold where robots dramatically improve at complex tasks and need only thousands of training steps to master new skills.
Tesla shareholders overwhelmingly approve Elon Musk's unprecedented $1 trillion compensation package tied to achieving an $8.5 trillion market cap, 20 million vehicle deliveries, and deploying 1 million robotaxis, boosting his ownership stake from 13% to 25%.
U.S. employers slash 153,074 jobs in October, a staggering 175% surge marking the highest October total since 2003, as artificial intelligence and automation drive mass layoffs across technology and warehousing sectors while companies aggressively cut costs and restructure operations.
Nvidia and Deutsche Telekom unveil a massive €1 billion AI factory in Munich featuring over 1,000 DGX B200 systems and 10,000 Blackwell GPUs, set to boost Germany's AI computing power by 50% when it launches in early 2026.