Warner Bros Discovery has filed a lawsuit against Amazon accusing it of illegally recruiting employees who are still under contract, including HBO Max marketing executive Pia Barlow. The lawsuit claims Amazon induced employees to breach their term agreements, which are valid until late 2027, violating California law. This legal action highlights ongoing tensions over employment contract enforcement in California and could impact hiring practices in the media industry. Amazon MGM Studios has not commented on the lawsuit.
Yields on bonds climbed this week after Alphabet increased its capital expenditure forecast for AI development, sparking fears that other major tech companies like Amazon and Meta will follow. Fixed-income investors are demanding higher credit spread...
Shares of major tech companies, including Alphabet and Tesla, dropped sharply after both announced increased capital expenditures focused on AI infrastructure. Alphabet plans to spend $200 billion this year, up from $190 billion, aiming to enhance AI...
Leading AI-focused tech giants like Alphabet, Meta, Amazon, Oracle, and Microsoft have seen their stock prices decline since April 2023, with Oracle dropping over 31%. The main reason is soaring capital expenditure (capex) on AI development, which is...
President Donald Trump announced a trade investigation into the European Union following the EU's $1 billion fine on Google for allegedly prioritizing its own services. The probe aims to cancel these hefty fines against US tech giants and could lead ...
Moody's warns that the massive investment in AI infrastructure by tech giants like Alphabet, Microsoft, Amazon, and Meta is eroding their free cash flow and increasing balance-sheet risks. These companies are shifting from asset-light to asset-heavy ...
