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Oracle Cuts 21,000 Jobs as AI Replaces Roles

Oracle, a major player in enterprise software, announced that it has eliminated 21,000 jobs in the last 12 months. The company attributes the layoffs to the increasing deployment of artificial intelligence tools that automate many routine tasks, allowing the firm to streamline operations and reduce staffing needs. The move

Executive Orders Aim to Accelerate U.S. Quantum Computing Efforts

Executive Orders Aim to Accelerate U.S. Quantum Computing Efforts In a recent move to strengthen national competitiveness in emerging technologies, the U.S. administration has signed a series of executive orders focused on accelerating quantum computing research, development, and commercialization. The orders aim to: 1. Increase federal investment in

Qualcomm Moves Closer to Acquiring Modular, a Startup Focused on AI Chips

Qualcomm Nears Acquisition of Modular Reuters, citing Bloomberg News, reports that Qualcomm is close to finalising a deal to acquire Modular, a startup that specialises in AI chip design. The move would expand Qualcomm’s portfolio in the rapidly growing artificial‑intelligence hardware market. What Modular Brings Modular has built

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A24 Secures $75 Million from Google to Develop AI Tools for Film Production

A24, the independent film studio known for titles such as Moonlight and The Florida Project, has announced a $75 million investment from Google. The funding will be used to develop AI‑driven tools aimed at improving various stages of film production, from pre‑production planning to post‑production editing. Google’

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Meta Replaces WhatsApp CEO with CRED Founder Kunal Shah

Meta has announced a leadership change at WhatsApp, appointing Kunal Shah, the founder of the Indian fintech company CRED, as the new chief executive officer. Shah will replace Will Cathcart, who is moving to a new role within Meta. The change comes as Meta continues to invest heavily in its

Getty Images Shares Surge Over 120% After Announcing Deal With OpenAI

Getty Images, a leading provider of stock photography, announced a strategic partnership with OpenAI that has immediately propelled its shares to new heights. The deal, which was disclosed in a recent Forbes article, saw the company’s stock soar more than 120% following the announcement, reflecting market enthusiasm for the

SpaceX Raises Capital with First Bond Sale Amid $100.8 B Cash Reserve

SpaceX (ticker: SPCX) has announced the launch of its first bond sale, a move that follows the company’s disclosure of a substantial $100.8 B cash reserve. The bond issuance is part of SpaceX’s broader strategy to secure long‑term financing for its growing fleet of launch vehicles