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1810 articles · page 16 of 38
Ambrosia Energy, a startup founded by two former SpaceX satellite executives, has begun work on a 10 gigawatt-hour battery factory near Austin, Texas, as it pushes a solar-plus-storage model for powering AI data centers around the clock.
Defense tech startup Anduril will give employees a chance to sell stock through a tender offer that values the company at roughly $90 billion, according to a report confirmed by CNBC.
Netflix has confirmed plans to cut about 1,000 jobs, roughly 6 percent of its global workforce, in what it says is its largest round of layoffs to date, with the reductions falling most heavily on its product, technology, legal and human resources teams.
Dell shares fell 11% on Wednesday, leading a broad sell-off in data center stocks after Barclays analysts downgraded the company and others in the sector, citing a lack of a 'meaningful AI inflection' in enterprise spending. The downgrade raised concerns that the massive buildout of AI infrastructure may not deliver the expected returns.
OpenAI's London staff received an average compensation package of £2.3 million per person in 2025, according to newly filed accounts, as the San Francisco-based company poured Premier League-level salaries into its bid to dominate the global AI race. The figures highlight the escalating cost of attracting and retaining top AI talent, with the average package more than doubling from £1.1 million the previous year.
This year's Grace Hopper Celebration, a major conference for women in computing, has been canceled just two weeks before its scheduled start after the organizing nonprofit AnitaB.org said it lacked the operating funds to proceed. Attendees have been told to cancel their own travel and lodging with no refund information yet available.
Troubled former Bachelor star Sam Wood is facing mounting legal and financial troubles, with court documents revealing a $400,000 claim from a former business partner and a real estate puzzle linking him to controversial developer Antony Catalano, as Wood remains in custody in Queensland awaiting trial on domestic violence charges.
A bipartisan coalition of 40 state attorneys general, led by New York Attorney General Letitia James, has filed a notice of interest in the bankruptcy case of Character.AI, seeking to ensure protections are in place for consumer data as the company sells assets to Disney. The filing puts all parties on notice of regulatory issues that must be addressed in any sale or transfer of the chatbot startup's business or assets.
A record 11.5 million Australian adults now hold investments outside their superannuation and main home, representing 54 per cent of the adult population, according to the ASX Australian Investor Study 2026. The survey of roughly 4,500 people found 2.5 million Australians have joined the investor population since 2020, with younger investors aged 18 to 29 making up 21 per cent of all investors.
Wall Street slumped and Australian sharemarket futures pointed lower after a US inflation report showed consumer prices rose 3.7 per cent in September from a year earlier, accelerating from August's 3.4 per cent rate and exceeding economists' expectations of 3.6 per cent. The S&P 500 fell 1.1 per cent, its fifth loss in six days since setting an all-time high, while the Dow Jones Industrial Average lost 171 points (0.3 per cent) and the Nasdaq composite dropped 1.6 per cent.
The lawyer representing Abdulrahman Alfozan, the Saudi national accused of planting a hidden recording device in an OpenAI conference room, says he will contest the charges and his client's continued detention, as newly unsealed court filings revealed prosecutors had cited a one-way flight booking when seeking his arrest.
Prismm, a startup founded by sisters Martha Underwood and Shella Sylla, is helping banks keep families' money in house after an account holder dies by building beneficiary and estate planning into accounts from day one. The company presented its mission on the Startup Battlefield stage at TechCrunch Disrupt 2026, aiming to digitize what the founders describe as a largely manual process.
Veteran British broadcaster Sir Trevor Phillips advised CBS News colleagues to respond to critics of the network's editorial integrity with a blunt dismissal during a contentious meeting of the network's London bureau on Tuesday, according to an audio recording reviewed by The Guardian.
BlackRock CEO Larry Fink has warned that any moratorium on data center construction in the United States would push the country into a recession, as local opposition to the facilities becomes a key issue in the approaching midterm elections.
Economists at Fannie Mae have sharply revised their mortgage rate outlook, now expecting the average rate on a 30-year fixed mortgage to hit 7.4% in the final quarter of 2026 and average 7.5% throughout 2027, citing persistent inflation and rising bond yields. The previous forecast called for rates of 6.8% and 6.7% for the same periods.
Palantir and London Mayor Sadiq Khan have called off their legal battle over claims the Labour mayor was blocking the US tech company from signing a £50m contract with the Metropolitan Police. Both sides announced on Wednesday they had withdrawn allegations against each other, heading off a high court trial scheduled for January.
The billionaire Done family has taken a £30m interim dividend from Betfred’s strong performance before warning that thousands of jobs would be lost if the government doubles tax on high-street slot machines. Chancellor John Healey is understood to be considering proposals to increase machine games duty from 20% to 40% in the upcoming budget, a move the Social Market Foundation thinktank estimates could raise up to £460m for the Treasury.
UK energy secretary Miatta Fahnbulleh is actively exploring a “rising block tariff” (RBT) that would give every household an initial block of cheaper gas and electricity to cover “essential” use, then charge higher rates for additional units. The move comes as industry projections point to an annual increase of around £400 in bills this January, and as the government prepares a £1bn support package for poorer households.
OpenAI has filed a legal document accusing a former employee of stealing more than 100 files containing product plans, including images of an unreleased device, and presenting them to Apple executives. The filing adds a new twist to an ongoing trade secrets dispute between the two tech giants.
Options traders piled into their most bearish bets yet on CoreWeave on Wednesday, buying nearly 200,000 puts as the Nvidia-backed cloud company's shares plunged and its bonds traded at yields approaching 15 percent. One fresh $1.9 million trade, in contracts that pay off only if the stock falls another 42 percent, was described by a market watcher as a "bubble put" hedge on the center of the artificial intelligence trade.
David Kogan, chairman of the Independent Football Regulator (IFR), has stated he would resign if any political interference occurs in the Manchester City case. This follows Prime Minister Andy Burnham expressing concern that the club's Abu Dhabi owners might sell if the financial rules case leads to sanctions.
Mayor Zohran Mamdani and New York City Council Speaker Julie Menin have agreed on a bill to ban horse-drawn carriages, with the law taking effect in June 2028. The city council is expected to vote on the legislation next week.
Netflix is laying off approximately 1,000 employees, or about 6% of its workforce, the company confirmed. The cuts will primarily target the product, technology, legal and human resources divisions, as the streaming giant faces mounting competition from social apps and lost a bidding war for Warner Bros Discovery's assets.
Berkshire Hathaway has made a fresh $330 million investment in Bending Spoons, lifting its stake in the Italy-based app maker to 4% and sending shares up 35%, according to a securities filing published Wednesday.
Scimplify, an Indian startup using artificial intelligence to accelerate the production of specialty chemicals and critical materials, has raised $25 million in an all-equity strategic funding round led by Hitachi Ventures. The company aims to help manufacturers across semiconductors, defense and energy reduce their reliance on Chinese suppliers.
A federal jury in Delaware has ruled that Arm breached its contractual obligations to Qualcomm and intentionally interfered with the chipmaker's business relationship with Meta, but awarded Qualcomm just $2 in nominal damages. Both companies declared victory in the latest round of a licensing dispute that could still carry significant financial consequences.
Morgan Stanley reported third-quarter results that beat expectations, fueled by a 41 percent surge in equities trading revenue to $5.8 billion. The bank posted $20.34 billion in total revenue and earnings per share of $3.03, both above analyst estimates. However, shares fell about 2 percent in premarket trading amid signs of weakness in fixed income and investment banking divisions.
U.S. inflation data for September came in hotter than expected on Wednesday, sending bitcoin sharply lower and raising the possibility that the Federal Reserve could raise interest rates again at its October meeting.
A Cardiff mechanic has been handed a 12-month community order after admitting he issued a fraudulent MOT certificate for a car that was involved in a fatal crash weeks later, killing three people in March 2023.
China’s exports surged by more than one-third in September, the strongest monthly rise since 2021, as strong demand for semiconductors and other high-tech goods powered the world’s second-largest economy amid slowing domestic growth.
Water companies in England and Wales may be forced to cut household bills by a total of £107 million after missing performance targets, the industry regulator Ofwat has announced. The penalties, part of the "outcome delivery incentives" system, are designed to hold companies accountable where customers cannot switch providers.
A US congressional investigation has found that romance scams on dating apps operated by Match Group — including Tinder and Hinge — are costing Americans at least $1.3bn annually, and that Tinder's machine learning models for detecting scammers have not been updated in years, leaving users vulnerable to 'devastating' financial harm.
Bank of America reported a sharp decline in third-quarter profit on Wednesday after the U.S. Treasury Department imposed a $1.2 billion penalty, raising fresh questions about the bank's risk-management controls under CEO Brian Moynihan.
South Australia has become the first Australian destination to feature in the Michelin Guide, with 11 restaurants awarded stars at a ceremony in Adelaide on Wednesday evening. Magill Estate Restaurant, at the foot of the Adelaide Hills, received the night's only two-star honour, while ten other venues across the Barossa Valley, McLaren Vale, Clare Valley and Adelaide Hills each took one star.
MPs have been warned that Heathrow Airport could become a “ghost town” if the government presses ahead with a third runway scheme that proves unaffordable for airlines. The warning came during a Commons Transport Committee hearing on Wednesday examining two competing proposals: a £33 billion plan from Heathrow Airport itself and a cheaper alternative from Heathrow West, a subsidiary of the Arora Group.
The head of the International Monetary Fund has urged Treasury Secretary Scott Bessent to take concrete measures to trim the United States' deficit, warning at the IMF-World Bank annual meetings in Bangkok that relying on strong economic growth will not bring down the country's mounting debt pile fast enough.
The International Energy Agency warned on Wednesday that global diesel supply will remain tight well into next year, saying war-related losses from Russia and the Middle East and heavy inventory drawdowns have left markets without enough stock cover ahead of the winter demand season.
Regional Express (Rex) will indefinitely suspend flights between Sydney and the NSW centres of Port Macquarie and Orange from October 25, less than 10 months after the carrier was sold under a federal government rescue package backed by $60 million in support.
Black and south Asian music events in London face disproportionate cancellations, restrictions and licensing barriers compared with white events, according to a two-year investigation commissioned by the mayor’s office. The Race Equality in Music Event Licensing (REMEL) report, led by Black Lives in Music, estimates that cancellations, displacement and events prevented from taking place cost London between £127m and £141m annually, with projected losses exceeding £650m over five years.
John Healey is reportedly preparing a tax crackdown on online marketplaces such as Amazon and eBay that could raise up to £1 billion for the Treasury in his first budget, due on 28 October. The chancellor is said to be planning to make platforms responsible for collecting VAT owed by retailers selling on them, with the proceeds used to fund cuts to business rates for high street shops.
Around 400 postal workers are leaving Royal Mail each week, according to the Communication Workers Union, which says the exodus has accelerated since the company introduced a new delivery system designed to improve efficiency. The union warns of a 'nightmare' Christmas ahead as parcel volumes rise.
Resources Minister Madeleine King has defended proposed gas reservation laws before parliament, arguing they will not crash prices, but declined to estimate how much consumers can expect their bills to drop as the industry warns the plan could undermine investment in new supply.
The International Monetary Fund has sounded the alarm over rising government borrowing costs and the growing threat of cyberattacks to the global financial system, with Bank of England Governor Andrew Pill also expressing caution about market expectations of rapid interest rate cuts. IMF Managing Director Kristalina Georgieva separately urged the United States to put its fiscal house in order.
Mining giant BHP has confirmed job cuts at its iron ore operations in Western Australia, with the ABC understanding around 300 positions will be axed across the South Flank, Mining Area C, Jimblebar and Newman sites in the Pilbara.
ASML, the Dutch maker of critical semiconductor lithography machines, on Wednesday reported third-quarter net profit of 4.96 billion euros, well ahead of analyst forecasts, and said customers are already expressing interest in placing orders for its tools for 2029 and 2030, driven by long-term demand for AI-related chips.
TMK Energy has mobilised a workover rig and a 70-tonne crane to its Gurvantes XXXV coal-bed methane pilot project in Mongolia, kicking off a 2026 work program that includes well optimisation and fresh drilling. The company aims to boost gas flow from existing wells by installing smaller-diameter liners, with initial re-completions planned for three wells before a new well is spudded.
Larvotto Resources has become Australia's newest critical minerals producer, shipping its first batch of antimony concentrate from the Hillgrove antimony-gold mine in northern NSW to offtake partner Wogen Resources.
Singapore's economy grew 5.4 percent year-on-year in the third quarter, but the central bank left policy unchanged on Wednesday and warned that the AI-driven boom behind the expansion is expected to ease in 2027.