Deutsche Bank is scrambling to hedge its massive exposure to data center financing after lending billions to support AI infrastructure. The German lender is considering shorting AI stocks and buying default protection through synthetic risk transfers. This comes as hyperscalers pour hundreds of bill
IBM is laying off thousands of employees this quarter, with architects, engineers, and AI specialists among those affected. The cuts come as CEO Arvind Krishna continues advocating for AI-driven workforce transformation. Meanwhile, IBM reported strong Q3 revenue growth of 7% year-over-year.
Anthropic reportedly expects to grow from $5 billion to $70 billion in revenue by 2028, fueled by business demand for its AI models. The company could seek a $300-400 billion valuation in future funding rounds. New research shows AI-human collaboration increases output by 60% while reducing coordina
After months of explosive growth, AI stocks are suddenly facing a reality check. Companies like Palantir and Nvidia saw significant drops this week as investors question whether profits can match the hype. Even Michael Burry is betting against the AI giants.
Nestlé is overhauling its ERP system to set the stage for AI and automation capabilities. The upgrade comes as the company plans to eliminate 16,000 positions globally over the next two years. CEO Philipp Navratil openly admitted the company “has not been the most efficient” historically.
Apple is developing a more affordable Mac notebook set for release in the first half of 2026. The budget machine will cost well under $1,000 and compete directly with Chromebooks and affordable Windows laptops.
Apple is breaking from tradition by developing its first budget-friendly Mac laptop. The move targets Chromebook and entry-level Windows PC customers, particularly students and casual users who might prefer traditional laptops over iPads.
Shopify’s AI-powered shopping revolution is showing massive growth metrics, with traffic from AI tools up 7x since January and purchases attributed to AI search increasing 11x. The company calls AI “the biggest shift in technology since the internet” while reporting $2.84 billion in Q3 revenue, thou
IBM is cutting a “low single-digit percentage” of its global workforce in the fourth quarter. The company employed 270,000 people at the end of 2024, meaning even a 1% reduction would eliminate 2,700 jobs.
Animoca Brands, the Hong Kong blockchain investor with stakes in over 600 companies, aims to go public through a reverse merger with Singapore’s Currenc. The deal would create what co-founder Yat Siu calls the “world’s first publicly-listed, diversified digital assets conglomerate.” Shareholders wil
