Category: Business

Business
See which Louisiana officials signed NDAs for SpaceX’s ‘Project Osprey’

See which Louisiana officials signed NDAs for SpaceX’s ‘Project Osprey’

A massive secrecy operation known as Project Osprey has come to light following Governor Jeff Landry's announcement of a planned 100 billion dollar SpaceX spaceport in coastal Vermilion Parish. Records obtained through public records requests

Business
Instagram head Adam Mosseri testifies in defense of Meta in child safety trial

Instagram head Adam Mosseri testifies in defense of Meta in child safety trial

Adam Mosseri, the head of Instagram, faced intense questioning in an Oakland courtroom on Tuesday as part of a sweeping trial against Meta. Attorneys representing California, Colorado, Kentucky, and New Jersey allege that Meta intentionally

Business
Leaked Microsoft pay data shows how much hundreds of employees report making in AI, cloud, and other teams

Leaked Microsoft pay data shows how much hundreds of employees report making in AI, cloud, and other teams

A glimpse into the inner workings of Microsoft's payroll has emerged after an internal spreadsheet was leaked, revealing how the tech giant compensates its staff during the high stakes race for artificial intelligence supremacy. The

Business
Hugging Face has been fielding M&A interest for a deal worth at least $13 billion

Hugging Face has been fielding M&A interest for a deal worth at least $13 billion

The artificial intelligence landscape may be on the verge of its next major shakeup, but the target isn't necessarily another model creator. Hugging Face, the influential platform that serves as a central hub for developers

Business
Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit

Paramount, California AG office reportedly plan to meet Monday to discuss settling WBD lawsuit

Representatives from Paramount and Skydance are expected to sit down with the California attorney general's office this Monday to explore a possible settlement regarding an antitrust lawsuit. This move comes amid mounting pressure from high

Business
TikTok to pay $400m to US in one of largest child privacy settlements

TikTok to pay $400m to US in one of largest child privacy settlements

TikTok has agreed to pay 400 million dollars to settle a massive legal battle with the United States government over allegations that it systematically violated the privacy of millions of children. The settlement follows a

Business
Why Is Moderna Stock Down Today?

Why Is Moderna Stock Down Today?

Moderna experienced a sharp correction on Thursday, erasing more than 18 billion dollars in market valuation just one day after its stock had skyrocketed to record heights. The plunge saw shares drop over 25 percent

Business
Whistleblower Arturo Béjar leads testimony in landmark trial against Meta

Whistleblower Arturo Béjar leads testimony in landmark trial against Meta

Arturo Bejar stepped out of the Ronald V. Dellums Federal Building and United States Courthouse this week after delivering scorching testimony in a landmark trial against Meta. A former engineer who spent years working on

Business
California regulators pass rules limiting what replacement tires drivers can purchase

California regulators pass rules limiting what replacement tires drivers can purchase

California regulators have officially greenlit a series of new rules that will limit the types of replacement tires available for purchase throughout the state. Approved unanimously by the California Energy Commission, these regulations focus on

Business
Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

Anthropic tells investors annualized revenue run rate climbed to $65 billion in July

Anthropic is experiencing a meteoric rise in its financial trajectory, informing investors that its annualized revenue run rate surged to 65 billion dollars by the end of July. This represents a staggering sevenfold increase over