LinkedIn announced it will lay off 606 employees across several offices, effective July 13, as part of a strategic shift to focus on high-priority projects and improve return on investment. The largest cuts will occur in Mountain View, California, with additional layoffs in San Francisco, Sunnyvale, and Carpinteria. These layoffs follow a memo from new CEO Daniel Shapero emphasizing the need to prioritize investments and scale back in areas like marketing and office space. There may be further reductions, as reports suggest LinkedIn plans to cut 5% of its 17,500 workforce. This comes shortly after LinkedIn reported 12% revenue growth and Shapero's recent promotion to CEO. Meanwhile, parent company Microsoft is also offering buyouts to reduce its workforce without mass layoffs.
Microsoft and Chevron announced a plan to develop a 2.67-gigawatt natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers. The plant will use large turbines from GE Vernova and Solar Turbines, with Micros...
Microsoft CEO Satya Nadella emphasized the need for AI companies to secure societal approval as concerns grow about AI's impact on jobs and safety. He warned against viewing AI solely as a cost-cutting tool and advocated for reorganizing jobs to enha...
Chinese AI models like GLM-5.2 are quickly gaining traction in the US due to their advanced capabilities and lower costs, challenging American AI dominance. These open-source models, developed by firms such as z.AI, Tencent, and Xiaomi, offer competi...
Chevron has entered a 20-year agreement to supply power to Microsoft's AI data centers using new natural gas plants in West Texas. This deal marks Chevron's largest step into the data center energy market, supporting Microsoft's growing demand for re...
The Schwab U.S. Large-Cap Growth ETF (SCHG) provides concentrated exposure to leading U.S. technology companies heavily involved in AI, including Nvidia, Apple, and Microsoft. It is positioned to benefit from a projected multi-trillion-dollar increas...
