BuzzFeed bet on AI to rescue itself. This week it laid off another third of its staff. The bet, it turns out, was never the thing that could save it. The company cut about 180 jobs on Monday, roughly a third of its remaining workforce, the New York Tim…
Apple has become the second company in history worth $5tn. It got there by being the one big-tech giant that refused to bet its balance sheet on AI. The iPhone maker briefly touched a $5.04tn market value on Tuesday. Shares hit a session high of $342.8…
The most disturbing corporate harassment campaign in recent tech history has a price. eBay and three of its former executives will pay nearly $56m to the couple they set out to destroy for writing a critical newsletter. David and Ina Steiner of Natick,…
The most expensive part of AI coding is no longer the model. It is the software wrapped around it, and enterprises have started to notice. The immediate fight is over price. Cursor, the AI coding tool SpaceX has agreed to buy for $60bn, moved most cust…
Andrew Ng helped give the AI industry its vocabulary, from “AI is the new electricity” to “agentic AI.” His new company bets against the phrase everyone else is using: that AI will take your job. Ng has founded LearnVector, an AI-native learning startu…
Starbucks told NomadGo on 3 April that it was scrapping the AI inventory tool the Redmond startup had built for it. Within days the 30-person company cut a large part of its workforce, according to GeekWire. The cuts included the technical team that ra…
ICON plc has agreed a multi-year collaboration with Anthropic to put Claude across the clinical trial process. The Dublin company is a contract research organisation, which means pharmaceutical firms pay it to run their trials. It employed roughly 40,2…
Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state. The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPE…
Two hotel groups moved into ChatGPT this week, a day apart and at opposite ends of the market. Radisson Hotel Group launched an app on Tuesday, built with Accenture, covering more than 1,000 hotels in over 100 countries. G6 Hospitality launched a plugi…
Coforge reported first quarter revenue of $592.2m on Monday. That is a rise of 33% in dollar terms over the year, and 21.1% on the previous quarter. In rupees the annual increase reads 49%. Profit after tax reached $55.6m. Those numbers land in an indu…