Microsoft to lay off thousands more workers just a month after cutting 6,000 jobs
Microsoft is preparing another round of layoffs, this time targeting thousands of workers, with sales teams likely to be among those affected, according to a report from Bloomberg News. The cuts are expected to be announced in early July, after the company wraps up its fiscal year. This comes just a month after Microsoft laid […]
Meta hires Safe Superintelligence execs after CEO Ilya Sutskever rejects $32B acquisition offer
Less than a week after Meta hired Scale AI founder and CEO Alexandr Wang as part of a $14.3 billion deal, Mark Zuckerberg has turned his attention to another high-profile AI startup: Safe Superintelligence, CNBC reported on Thursday, citing sources familiar with the matter. Sources say Meta has now brought on Daniel Gross and Nat Friedman, two […]
Elon Musk’s AI startup xAI boosts bond yields to 12.5% in $5B debt raise amid weak investor demand
Elon Musk’s AI startup xAI is increasing the yield on its $5 billion debt offering, signaling a cautious response from investors, Reuters reported on Friday. The update follows a Bloomberg report earlier this week that xAI is also seeking to raise $4.3 billion in equity, a sign the company is pursuing aggressive funding on multiple fronts. […]
Mira Murati’s AI startup Thinking Machines Lab emerges from stealth with $2B seed, $10B valuation.
Mira Murati, the former CTO of OpenAI, has raised $2 billion for her new AI venture, Thinking Machines Lab, just six months after launching it. The eye-popping round values the company at $10 billion—an unusually high number for a startup still in its early stages. The deal, first reported by the Financial Times, is one […]