Business - News Articles

Indeed, Glassdoor Parent Slashes 1,300 Jobs, Pivots to AI

Jul 11, 2025

Yahoo Tech

Recruit Holdings, parent of Indeed and Glassdoor, cuts 1,300 jobs or 6% of its HR tech workforce, mainly in the U.S., pivoting towards AI integration as the CEO cites AI's transformative impact requiring adaptation.

Labor & Jobs Business

Ex-Meta AI Researcher Exposes Culture of Fear and Dysfunction

Jul 11, 2025

India Today

A former Meta AI researcher reveals a toxic culture of fear, dysfunction, and confusion plaguing the tech giant, likening it to metastatic cancer spreading unchecked, with unclear goals, frequent layoffs, and plummeting employee morale.

Business Labor & Jobs

Luma AI Unveils Dream Lab LA, Empowering Hollywood with AI Video Generation

Jul 11, 2025

The Hollywood Reporter

Luma AI unveils Dream Lab LA, a groundbreaking facility designed to empower Hollywood filmmakers with AI video generation tools, fostering collaboration and innovation to enhance the quality and quantity of film productions.

Entertainment Image & Video Business

AI Firms Race for Defensibility: Network Effects, Distribution Key to Longevity

Jul 10, 2025

NFX

AI companies race to build defensibilities like network effects, distribution channels, brand recognition, scale, and embedding as short-term strategies pave way for long-term moats amid rapid industry growth.

Business Funding

Microsoft Slashes 9,000 Jobs Despite AI Savings, Signals AI Investment Push

Jul 10, 2025

TechCrunch

Microsoft cuts 9,000 jobs while AI tools save over $500 million in call center costs, signaling a major investment push into AI talent and infrastructure despite record profits.

Labor & Jobs Enterprise Customer Service Business

OpenAI Unveils AI-Powered Web Browser, Challenging Chrome's Dominance

Jul 10, 2025

TechCrunch

OpenAI unveils an AI-powered web browser, integrating its Operator web-browsing agent, challenging Google Chrome's dominance and gaining direct access to user data.

Consumer Products Agents Search Business

Meta Acquires Stake in EssilorLuxottica, Eyeing Wearable Tech Expansion

Jul 09, 2025

CNBC

Meta, Facebook's parent company, acquires a minority stake worth around $3.51 billion in EssilorLuxottica, the maker of Ray-Ban sunglasses, signaling its ambitions to expand into wearable technology and AI-powered devices, with shares of EssilorLuxottica surging 6%.

AR/VR & Wearables Business Funding

Apple's AI Chief Ruoming Pang Departs for Meta's Superintelligence Labs

Jul 09, 2025

AI News

In a major AI talent move, Apple's AI chief Ruoming Pang, responsible for developing language models and features, departs for Meta's newly formed Superintelligence Labs, as the tech giants compete for top AI talent.

Business Labor & Jobs Foundation Models

Replit Partners with Microsoft, Enabling AI-Powered App Development and Azure Deployment

Jul 09, 2025

Replit

Replit partners with Microsoft, enabling developers to create applications using AI-powered natural language and deploy them directly to Azure cloud infrastructure, revolutionizing the app development process.

Coding & Developer Tools Cloud Computing Business

OpenAI Raids Tesla, xAI, Meta for Top Engineering Talent

Jul 08, 2025

WIRED

OpenAI intensifies the war for AI talent, poaching 4 high-ranking engineers from Tesla, xAI, and Meta to bolster its scaling team and build advanced AI infrastructure.

Labor & Jobs Business