Meta Faces Scrutiny Over Revenue from Fraudulent Ads
Internal documents reveal tensions between profit and platform safety Meta may have earned up to 10% of its 2024 revenue—roughly...
Company news
Amazon to Cut 14,000 Corporate Roles Amid AI Shift
Restructuring targets operational efficiency and long-term cost control Amazon has announced plans to reduce its corporate workforce by approximately 14,000...
OpenAI Restructures as Public Benefit Corp in $500B Deal
Microsoft retains stake as partnership evolves through 2032 Microsoft and OpenAI have finalized a new agreement that allows OpenAI to...
IBM to Cut Jobs as Software Strategy Intensifies
Thousands of roles affected amid shift toward AI and cloud services. IBM has announced plans to reduce its workforce in...
LG Reports Strong Q3 2025 Results Amid Market Challenges
Home appliances and vehicle solutions drive second-highest Q3 revenue in company history. LG Electronics has released its financial results for...
Alphabet Surpasses $100B Quarterly Revenue for First Time
Strong earnings and AI expansion offset legal pressures and market competition. Alphabet Inc., Google’s parent company, reported its first-ever quarter...
Samsung Posts Strong Q3 Results, Eyes AI-Driven Growth
Memory and mobile divisions lead performance as company prepares for 2026 expansion. Samsung Electronics has released its financial results for...
Nvidia Reaches $5 Trillion Valuation Amid AI Momentum
Chipmaker’s rapid ascent reflects growing investor confidence in artificial intelligence infrastructure. Nvidia has become the first company to surpass a...
Xiaomi Faces Rising Costs Amid Memory Chip Shortage
The company adjusts Redmi K90 pricing as global demand for AI chips drives up component costs. Chinese electronics firm Xiaomi...
Intel Surpasses Q3 Expectations Amid Restructuring
Cost cuts and strategic investments help Intel beat profit forecasts and regain investor confidence. Intel has reported stronger-than-expected third-quarter earnings,...
