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Microsoft is reportedly planning to trim thousands of jobs, particularly in sales, as the tech giant faces pressure to lower labor costs while it boosts spending on artificial intelligence...
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Microsoft is planning to lay off several thousand employees in the next few weeks, looking to thin out its ranks while continuing its costly push into artificial intelligence. The number of cuts isn’t yet final, and they are planned for around the beginning of Microsoft’s new fiscal year, which starts in July, they said. On Tuesday, Amazon CEO Andy Jassy said the company planned to reduce its workforce in the coming years because increasing use of artificial intelligence will eliminate the need for certain roles...
Continue ReadingWaymo, the self-driving car company backed by Alphabet (GOOG, GOOGL), applied for a special permit to bring its cars to the streets of New York City. Yahoo Finance Senior Autos Reporter Pras Subramanian reports the latest on Waymo and VW’s (VWAGY) electric ID. Buzz. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here...
Continue ReadingMicrosoft (MSFT) is reportedly planning to cut thousands of jobs, according to Bloomberg. Yahoo Finance Tech Editor Dan Howley outlines the latest, including how the tech giant's hefty artificial intelligence (AI) spending, notably its multibillion-dollar partnership with OpenAI (OPAI.PVT), could intensify the need to cut costs. This comes amid reported turmoil between Microsoft and OpenAI. The Wall Street Journal reports that the ChatGPT maker has considered pushing for an antitrust case against its partner, while the Financial Times reports that Microsoft is ready to walk away from the deal. To watch more expert insights and analysis on the latest market action, check out more Market Domination here...
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↗️ Hasbro (HAS): The toy maker laid off 3% of its workforce, amounting to about 150 employees, as part of a multi-year restructuring. The maker of Monopoly board games and Nerf blasters warned in April that tariffs could ultimately lead to layoffs...
Continue ReadingTesla Inc.'s (NASDAQ:TSLA) FSD or Full Self-Driving technology is under scrutiny again as a new video surfaced online that showcases a Cybertruck driving in the wrong lane, ahead of the Robotaxi launch on June 22. What Happened: "I use FSD for over 2 hours of travel every day around the Philadelphia area and have never experienced an issue as bad as this one," a user on social media platform X said with a video on Sunday. The video showcased a Cybertruck on supervised FSD driving down the road...
Continue ReadingNEW YORK, June 18, 2025--Coresight Research, the leading research and advisory firm specializing in retail and technology, announces registration is now open and unveils programming for its 2025 NextGen conference. NextGen 2025: Retail, Real Estate & the New Consumer, presented by Coresight Research and IBM, will be hosted at One Madison Ave in New York on June 23, 2025, from 12:30 p.m. to 8:00 p.m. Eastern Time. The conference will explore the future of retail, real estate, and the consumer exp...
Continue ReadingThe tech giant has considered pausing discussions with the ChatGPT maker if the two sides remain unable to agree on critical issues such as the size of Microsoft's future stake in OpenAI, the report said, citing people familiar with the matter. The company plans to rely on its existing commercial contract to maintain access to OpenAI's technology until 2030, according to the FT report. Microsoft and OpenAI did not immediately respond to Reuters' requests for comment on the report...
Continue Reading(Updates with Microsoft comment starting in the fourth paragraph.) Microsoft's (MSFT) sales team...
Continue ReadingTechnology stocks were higher late Wednesday afternoon, with the Technology Select Sector SPDR Fund...
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