News
Another tech company says it will cut hundreds of jobs amid pivot to AI
Layoffs have continued with another tech company saying it was cutting people to enable it to use more artificial intelligence. Groupon announced in a security filing this month that...
How Issa Rae built TikTok’s first micro-drama hit
A brawny bodyguard shoves a bruised man, hands tied behind his back, toward the hood of a black SUV. A pen and a contract lay atop the metal, ready...
China’s Xpeng backed by local government investment fund with undisclosed sum
Published Wed, May 27, 2026 · 01:03 PM[BEIJING] Chinese electric vehicle maker Xpeng said on Wednesday (May 27) that it was picked among the first batch to sign on...
Who’s powering next-gen nuclear energy: AI boom drives hybrid financing wave
But scaling such technologies will hinge on the ability to bring in banks and institutional investors[SINGAPORE] Before Oklo went public through a special purpose acquisition company merger in May...
Jardine Matheson acquiring I-MED Radiology Network for A$3.4 billion
[SINGAPORE] Jardine Matheson Holdings (JMH) on Monday (May 25) said that it is acquiring Australia-based diagnostic imaging and teleradiology player I-MED Radiology Network for A$3.4 billion (S$3.1 billion).The company...
Uber explores Delivery Hero takeover to fight DoorDash globally: sources
The ride-hailing giant has been making acquisitions overseas to strengthen its position internationallyPublished Sat, May 23, 2026 · 03:42 PM[SAN FRANCISCO] Uber Technologies is exploring options for a full...
Another California tech company lays off thousands
The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry.Mountain View-based Intuit, the maker of TurboTax, on Wednesday said it was laying off 17%...
Disney accused of misusing facial recognition technology
A visitor has filed a $5-million lawsuit against Disneyland for allegedly failing to properly disclose the use of facial-recognition technology at park and collecting sensitive data on guests.Summer Christine...
Online retailer Shein to acquire San Francisco-based Everlane
Shein, one of the largest fast-fashion retailers in the world, is set to acquire the “quiet luxury” apparel brand Everlane, media reports said. Shein will buy Everlane from majority...
Tech leaders funding Matt Mahan’s campaign for California governor say it’s not about tech
San José Mayor Matt Mahan’s run for California governor has been defined from the start by his donor list.Mahan entered the race late and with little statewide name recognition,...
