Two days before the Elon Musk vs. OpenAI trial began, Musk sent ominous texts to OpenAI co-founder Greg Brockman, threatening public backlash if they did not settle the lawsuit. OpenAI's lawyers submitted this exchange to court to show Musk's aggressive stance, but the judge ruled the texts inadmissible as evidence. The lawsuit seeks to dismantle OpenAI's for-profit structure and demands damages, while OpenAI counters that Musk's motives are financial rather than safety concerns. The trial is ongoing, highlighting tensions over AI technology control and business interests.
Microsoft is set to lay off up to 2.5% of its global workforce, which could affect approximately 5,700 employees, including roles in sales, consulting, and the Xbox gaming division. This move follows previous layoffs last year and earlier this year, ...
The iShares Dow Jones US ETF (IYY) provides broad exposure to the U.S. equity market but is heavily weighted towards large-cap tech companies like Microsoft, Amazon, Alphabet, and Meta, which make up over 16% of the fund. Its recent outperformance co...
Microsoft announced a $2.5 billion investment to create Microsoft Frontier Company, a new business focused on helping organizations deploy AI at scale by embedding 6,000 engineers and experts directly within customer operations. This initiative aims ...
On April 8, 2025, President Donald Trump made 327 stock purchases focused on major tech companies during a market sell-off triggered by his new tariff plan. The next day, he announced a partial rollback of these tariffs, causing the S&P 500 to surge ...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
