Snap’s AI Deal Sends Stock Soaring 13%
Snap’s stock surged 13% after announcing a major AI partnership with Perplexity and beating revenue expectations. The deal involves $400 million in cash and equity payments to Snap over the next year.
Category: Business
Microsoft Just Locked Down OpenAI Until 2032
Microsoft has renegotiated its landmark partnership with OpenAI, extending exclusive technology rights through 2032. The new deal specifically includes access to models developed after artificial general intelligence arrives, giving Microsoft unprecedented long-term control.
Brace Yourself – Another AI Winter Is Coming
Everyone’s drunk on AI right now, but history suggests another winter is inevitable. This time it won’t just affect research labs – it’ll hit Main Street investors holding the ETFs and chip stocks.
Nvidia’s China rollercoaster: Jensen Huang’s AI race warning
Nvidia CEO Jensen Huang reportedly told the Financial Times that China would beat the U.S. in the AI race, only to release a softer statement hours later. The comments come as Nvidia’s market share in China has dropped to zero amid export restrictions and security reviews.
Microsoft’s new ethics hotline after Israel controversy
Microsoft is creating a “Trusted Technology Review” process for its 200,000-plus employees to anonymously raise concerns about technology uses. The move follows controversy over the company’s work with Israeli defense units and employee protests that led to firings and resignations.
Defense Contractor Hack Exposes Military Contracts, Employee Data
Akira ransomware group has taken credit for hacking defense contractor BK Technologies, stealing 25GB of sensitive data including military contracts and employee information. The Florida-based company makes wireless communications equipment for government agencies. While the company contained the br
Are Companies Using AI as an Excuse for Layoffs?
A new bipartisan bill would require companies to report AI-related layoffs to the Department of Labor. But experts are skeptical whether AI is actually driving job cuts or just providing convenient cover for other business issues.
Bank of America’s $13 Billion Bet on AI Is Paying Off
Bank of America is spending $13 billion on technology this year, with AI deeply embedded in daily operations rather than experimental. The bank’s virtual assistant Erica has handled 3 billion customer actions, while AI drives efficiency gains across underwriting and compliance. CEO Brian Moynihan sa
Why Your Employer Brand Needs to Be Agile Now
The rules of employer branding have fundamentally changed. Companies that stick to static messaging risk losing talent as employee priorities shift toward flexibility, purpose, and holistic well-being.
Microsoft Teams Had Some Seriously Scary Impersonation Bugs
Check Point researchers discovered four critical vulnerabilities in Microsoft Teams that could have allowed attackers to impersonate executives and manipulate communications. The flaws enabled message editing without detection, notification spoofing, and caller identity forgery. Microsoft has patche