IMF Managing Director Kristalina Georgieva says AI is a “tsunami” hitting labor, but rising wages for enhanced workers could spill over to create demand for low-skilled jobs. The catch? This dynamic risks hollowing out the middle class amid high global debt.
The Setapp third-party app store has shut down, with developer MacPaw citing Apple’s “still-evolving and complex” business terms. Apple, in a pre-emptive statement, blamed the European Commission’s “political delay tactics” for the failure. The EC is reportedly set to rule that Apple is at fault.
New York’s Attorney General is investigating Instacart over its algorithmic pricing practices. The probe follows a December study that found the company showed different shoppers different prices for the same items.
Eir Partners, a Miami-based private equity firm, has closed its third fund at $1 billion, more than double its 2024 predecessor. The firm focuses on control and minority stakes in healthcare technology companies, from early-stage to mature businesses.
Meta has hired Bill McGinley, a lawyer who served as top counsel for Elon Musk’s DOGE and worked on Trump’s “election integrity” team. The $120,000 lobbying hire is the latest move in Meta’s full-scale political realignment towards Trump’s Washington.
Apple is forecasting a record-breaking Q1 2026, with earnings details set for release on January 29th. The call, at 5 p.m. ET, comes after a quarter packed with new hardware and bullish analyst upgrades.
Major U.S. tech giants like Google and Meta won’t face heavy-handed new telecom rules under Europe’s upcoming Digital Networks Act, according to a Reuters exclusive. Instead, they’ll be invited into a voluntary “best practices” framework. The draft rules aim to harmonize spectrum licensing and could
In a move to bolster its data center infrastructure offerings, Concentric LLC has acquired power and cooling specialist Critical Components. This follows Concentric’s own acquisition by Mitsubishi Heavy Industries in 2023.
Microsoft is putting buy buttons directly inside its Copilot AI chatbot. The feature, rolling out now in the US, lets you purchase items from select retailers without ever visiting their websites. It’s the latest move in the race to turn AI assistants into shopping agents.
Cantor Fitzgerald analyst Deepak Mathivanan sees 15% more upside for Alphabet stock, upgrading it to overweight. He cites the company’s AI moats and an easing regulatory environment as key drivers. But after a 65% surge last year, the pressure is on for Google to execute.
