A proposed national class action has been commenced against Amazon to recover compensation for Amazon's (alleged) misuse of data collected from Alexa users. Court File No. VLC-S-S-255295. If you live in Canada and had a user account with Amazon's Alexa between 2014 and July 19, 2023, you may be eligible for the class action...
Continue ReadingAmazon.com (AMZN) and Alphabet (GOOG, GOOGL)-backed Anthropic may face a nationwide class-action law...
Continue ReadingSAN FRANCISCO (Reuters) -Amazon cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction. An Amazon spokesperson confirmed it had cut jobs but did not provide a number. Amazon, which employed 1.6 million full- and part-time workers globally as of the end of March, has joined a growing list of firms, including Microsoft, Meta, and CrowdStrike in announcing layoffs this year...
Continue ReadingSatellite navigation startup Xona Space Systems has secured $92 million in new funding through a Series B offering. The latest tranche brings the Silicon Valley venture's total funding to over $150 million. The company wants to use the new capital to accelerate the transition from research and development to delivery at scale, while growing production from a single satellite to hundreds in low earth orbit. Xona raised $19 million in 2024 in a Series A round, after 11 prior seeding rounds and gra...
Continue ReadingA Reddit user in their 30s says their elderly mother insists it’s impossible to live on less than $6,000 a month despite having no rent, no medical expenses, and a high passive income. That comment got a lot of attention, and people jumped in to share how much they actually live on each month. Out Of Touch Spending? The original poster explained in Reddit’s r/Millennials subreddit that their mother spends $1,500 a month on food alone and owns her home in California outright. She also receives fr...
Continue ReadingEmerald AI, a new startup funded by Nvidia (NASDAQ:NVDA) and other famous names, announced July 1 that it has developed software that turns energy-intensive data centers into flexible tools for managing electricity demand. The company says it raised $24.5 million in seed funding, led by Radical Ventures with participation from Nvidia through NVentures, CRV, Neotribe, and AMPLO. Notable backers include former U.S. Secretary of State John Kerry, Kleiner Perkins Chair John Doerr, former Australian...
Continue ReadingWith a net worth of around $200 billion or more, Jeff Bezos is usually the second richest person in the world behind Elon Musk. While he made much of his riches as the founder of the e-commerce giant.....
Continue Reading(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors’ confidence in the momentum of the global AI spending spree.Most Read from BloombergThe Dutch Intersection Is Coming to Save Your LifeAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearManhattan, Chicago Murder Rates Drop in 2025, Officials SayThe world’s biggest contract chipmaker on Thursday forecast sal...
Continue ReadingWhen a listener named Lynn wrote in to Suze Orman's "Women & Money" podcast, she wasn't just asking a financial question — she was asking a parenting and values question, too. Lynn's daughter and her partner are expecting a child and plan to take unpaid leave after the baby arrives. Now, they're asking Lynn and her husband for $1,500 a month to cover child care. Lynn, who says she and her husband can afford it and have helped generously in the past, is having second thoughts. Orman didn't hold b...
Continue ReadingInvestment management company Vulcan Value Partners recently released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The firm does not focus on short-term outcomes, whether positive or negative, and believes it can enhance the potential long-term returns and reduce risk. In the quarter, the Large Cap Composite returned 7.0% net of […]...
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