YouTube announces ‘voluntary exit program’ for US staff
YouTube CEO Neal Mohan told employees about the program via an internal memo on Wednesday.
Meta cuts 600 AI jobs amid ongoing reorganization
Meta continues to restructure its AI efforts after poaching more than 50 researchers from competing labs this summer.
Deel hits $17.3B valuation after raising $300M from big-name VCs
Deel says it’s been profitable for three years and surpassed $1 billion in ARR, including having a month that hit $100 million in revenue
Electric aircraft startup Beta Technologies seeks to raise $825M in IPO
If the company attracts investors at the top of its announced range, it will have a valuation of about $7.2 billion.
Navan plows ahead with IPO during shutdown, aims for $6.45B valuation
The corporate travel management company is moving forward under SEC rules that allow companies in IPO limbo to proceed at their own risk during the shutdown.
Tesla asks EPA not to roll back emissions rules as Trump calls climate change a ‘con job’
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
Warner Bros. sues Midjourney for AI images of Superman, Batman, and other characters
Warner Bros. says that Midjourney knowingly engaged in wrongful conduct, noting that the company previously restricted subscribers from generating content based on infringing images but recently lifted those protections.
Rivian makes its second small workforce cut of the year ahead of R2 SUV launch
The company previously laid off around 140 workers in its manufacturing division in June.
Cloud provider Lambda may be gearing up for an IPO
Lambda, which allows companies to rent GPUs, is reportedly following its rival CoreWeave to the public market.
Mark Zuckerberg encouraged execs to do MMA training with him
Former Meta exec Nick Clegg recalls an MMA session with Zuckerberg at a management offsite.