More than 1 million American workers have been laid off so far in 2025, according to a new report. The tech and government sectors are seeing the heaviest job losses as companies continue cost-cutting measures.
Visa is throwing its weight behind new digital wallet projects in Europe, capitalizing on regulatory changes that break open NFC access. This comes as data shows mobile wallet use is surging overall, but Apple Pay’s growth remains surprisingly incremental despite high adoption.
A new analysis from Goldman Sachs economist Ronnie Walker shows a clear link between corporate AI talk and hiring cuts. While an economy-wide AI job impact isn’t yet clear, firms mentioning AI in workforce contexts have sharply reduced job openings this year.
Salesforce reports its Q3 FY2026 earnings on Wednesday, with analysts expecting $9.7 billion in subscription revenue. The call will be dominated by talk of its Informatica acquisition and the state of the enterprise AI market. CEO Marc Benioff has a lot to explain.
To keep its product pipeline fresh, SharkNinja is investing heavily in young innovators. Their strategy includes hands-on programs with students to turn ideas like a baby formula maker into real products.
Luma AI, the video generation startup backed by Nvidia, is making a major move into London. This comes hot on the heels of a massive $900 million funding round that valued the company at over $4 billion.
OnProfit is betting AI can solve the “revenue dilemma” for big companies. The startup, which just emerged from stealth, says its tools are already boosting customer connection rates by 10%.
The Commerce Department is injecting up to $150 million into semiconductor startup xLight, making the U.S. government its likely largest shareholder. This marks the second-ever direct equity stake in a private company by Washington, using funds from the 2022 CHIPS Act. The startup, led by CEO Nichol
OpenAI just announced a circular partnership with Thrive Holdings, a firm from one of its own major investors, Thrive Capital. The deal gives OpenAI a stake and potential payouts in exchange for its tech and employees, aiming to AI-ify IT and accounting firms.
OpenAI is making a strategic investment into Thrive Holdings, a company backed by its own major investor. This continues a pattern of circular dealmaking for the AI giant as it seeks new ways to embed its technology and grow its stake in the ecosystem.
