Foxconn tells hundreds of Chinese staff to return from its Indian iPhone factories
Foxconn ordered over 300 Chinese employees to return home from its factories in India, per Bloomberg.
xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
People use AI for companionship much less than we’re led to think
A report by Anthropic reveals that people rarely seek companionship from AI, and turn to AI for emotional support or advice only 2.9% of the time.
UK may require Google to give users alternative search options and rank its results ‘more fairly’
The UK’s competition regulator may require Google to offer users alternative search engines; change how it ranks searches; and improve data portability.
Amazon to invest $233M to enhance its India infrastructure
Amazon is investing $233M in its India business to expand operations infrastructure, build new tools for its delivery network, and work on employee safety.
Humain planning $10B VC fund to invest in US, European and Asian startups
Humain, the state-owned AI company from Saudi Arabia, is reportedly on track to launch a $10 billion venture fund, Humain Ventures.
Databricks to buy open-source database startup Neon for $1B
Data analytics platform Databricks said on Wednesday that it has agreed to acquire Neon, a startup building an open source alternative to AWS Aurora Postgres, for about $1 billion. Databricks said acquiring Neon’s tech would let it combine the st…
Tech stocks look set to jump as U.S. and China pause reciprocal tariffs
U.S. tech stocks, along with the broader stock markets, seemed ready to start the day with a high, as the United States and China on Monday agreed to temporarily cut reciprocal tariffs for 90 days. Per the deal, reached in Geneva, the U.S. would tempor…
Match to lay off 13% of staff
Dating app giant Match Group is laying off 13% of its staff as part of a reorganization that aims to reduce costs and simplify its organizational structure.
Mitsubishi in talks to source its new EVs for Australia, New Zealand from Foxconn unit
Mitsubishi Motors is in talks with Taiwan-based Foxconn’s EV division to source an EV model for the Australia and New Zealand markets.