Facebook and Instagram parent company Meta intends to cut around 5% of its staff. The layoffs will focus on “low-performers” and will be followed up by new hiring to replace outgoing employees.
Meta’s CEO, Mark Zuckerberg, announced the news through an internal memo sent to...
The shares of chipmaker Nvidia reached a record-high close on Monday in anticipation of its presentation at the CES trade show. However, following CEO Jensen Huang’s keynote at the event, the stock reversed course and stumbled by more than 6% for its biggest single-day...
Chipmaker Nvidia announced on Monday that the company completed the acquisition of Israeli artificial intelligence startup Run:ai. The deal, which was first announced back in April, is valued at $700 million.
The initial agreement between Nvidia and Run:ai attracted the attention of the European Commission,...
Artificial startup OpenAI shared the details of its for-profit transition plan. The ChatGPT maker previously announced it would shed its non-profit structure and revealed it would make the move in 2025.
OpenAI said in a blog post shared on its official website that it needs...
Elon Musk’s artificial intelligence startup xAI announced earlier this week that it raised $6 billion in a Series C funding round. This gives the company a valuation of roughly $45 billion compared to $24 billion just six months ago.
According to xAI’s announcement, the Series...
Automotive giant General Motors (GM) announced on Tuesday that it will pull the plug on its Cruise robotaxi program.
The company said it won’t longer be involved in the robotaxi business due to “the considerable time and resources that would be needed to scale the...
