Uber to Cut About 3,300 Jobs, Its Biggest Round Since the Pandemic
SAN FRANCISCO—Dara Khosrowshahi has spent years telling investors that Uber’s future runs on robotaxis. On Wednesday he told employees the company needs to be smaller to get there. Uber is…
OpenAI Faces 30 New Lawsuits Over Canadian School Shooting
SAN FRANCISCO—Lawyers from the plaintiffs firm Edelson PC filed 30 complaints in federal court here on Sept. 2 naming OpenAI and its chief executive, Sam Altman, over the Feb. 10…
Anthropic Cuts Cache-Read Prices 75% in New Model Release
A coding agent working through a project can resend the same files, instructions and conversation history to a model dozens of times in an hour. Each resend shows up on…
ECB Warns U.S. Tech Giants’ AI Borrowing Could Strain Euro Markets
The euro-area corporate bond market has acquired a new class of regular customer: American technology companies borrowing to pay for artificial-intelligence infrastructure. In a blog post on Sept. 2, the…
Micron’s Taiwan Unions Threaten Strike Over Profit Sharing
Two unions representing about 10,000 of the roughly 15,000 workers at Micron Technology’s plants in Taiwan say they will put a strike to a vote unless the company rebuilds its…
Global Bond Selloff Deepens as Yields Reach Multi-Year Highs
In Tokyo on Tuesday morning, fixed-income desks opened to a chart that few traders had seen in their careers: the 10-year Japanese government bond yielding 3 percent, a level not…
Nscale Secures Nearly $3 Billion for U.S. Data Center Campuses
On August 31, Nscale, a cloud infrastructure provider, said it had locked in financing commitments of roughly $3 billion to build two data center campuses in the United States. The…
Equipment Giants Race to Hire Chip Talent in Korea
The job postings went up quietly, but the effect was immediate. ASML, Lam Research, Applied Materials and Tokyo Electron, the four companies that make the machinery used to manufacture advanced…
Google’s Dreambeans Drops Subscription, Opens Free Testing
Google’s AI news app Dreambeans is giving up its subscription model and opening free testing, the company said in a product announcement. The app, which Google has described as a…
Anthropic and Nvidia-Backed Lambda Strike $35 Billion Cloud Deal
Anthropic has signed a $35 billion cloud computing agreement with Lambda, the Nvidia-backed cloud services provider, according to people familiar with the transaction. The data center capacity at the center…
