Microsoft Plans Layoffs of About 5,700, Hitting Xbox and Sales Units
The email was addressed to a sales director in Microsoft’s enterprise business, and its subject line was the one employees in Redmond have learned to recognize: a meeting invitation from…
Bending Spoons Prices IPO Above Range, Raising $1.68 Billion
The bankers had guided investors to 26 to 28 dollars a share, but by the time the order book closed, the bids had climbed past the top of that range.…
U.S. PC Shipments Fall 7% as Memory Costs Bite and Upgrade Cycle Fades
The corporate buyer who refreshed his company’s laptops in 2024, when Windows 11 upgrades were rolling out and prices were reasonable, is not buying again this year. Neither, it seems,…
AI Chip Startup Etched Discloses $800 Million in Funding
Peter Thiel, the venture capitalist who made early bets on Facebook and Palantir, has invested in a lot of artificial-intelligence companies. Geoffrey Hinton, the computer scientist sometimes called the godfather…
Panasonic to Spend 500 Billion Yen on AI as It Trims Appliances
The company that once defined Japanese consumer electronics, with the VCR, the plasma television and a name that appeared on millions of kitchen counters, is spending its way into the…
AWS to Embed Engineers With Customers in $1 Billion AI Push
The basketball analysts at the NBA’s league office in New York have been working with software that tracks every pass, shot and defensive rotation in real time. The system runs…
Neon Picks Up OpenAI Film Dropped by Amazon
Andrew Garfield spent months this year learning to move like Sam Altman, the boyish chief executive of OpenAI who was fired by his board in November 2023 and reinstated days…
Siemens to Spend 300 Million Euros on German Plants for AI-Era Technology
Construction crews will begin work this month on a new Siemens supplier facility in Offenbach, outside Frankfurt, one of three projects the German industrial group announced on July 1 as…
Japanese Passive Component Makers Post Record Capacitor Shipments
The unglamorous parts inside every electronic device are having a moment. Japanese manufacturers of capacitors, resistors and other passive components shipped 231.4 billion yen worth of goods in April, up…
Explosives Maker Orica Backs Australia’s Biggest Green Hydrogen Project
The company that supplies much of the explosives used to blast ore out of Australian mines has decided that its future also runs on hydrogen. Orica, the Melbourne-based maker of…
