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Big Tech sees over $1 trillion wiped from stocks as fears of AI bubble ignite sell-off – CNBC
In this article GOOGL AAPL AMZN MSFT NVDA ORCL META Follow your favorite stocksCREATE FREE ACCOUNT Amazon shares sunk more than 5% on Friday after the company’s hefty spending forecast surprised investors who were already wary that the artificial intelligence boom is at risk of becoming a bubble. The e-commerce company on Thursday was the…
Tesla Cybercab includes this small but significant feature – Teslarati
Lucid Group pulled back the curtain on its purpose-built autonomous robotaxi platform dubbed the Lunar Concept. Announced at its New York investor day event, Lunar is arguably the company’s most ambitious concept yet, and a direct line of sight toward the autonomous ride haling market that Tesla looks to control. At Lucid Investor Day 2026,…
Boston Scientific to acquire Penumbra for $14.5B – MedTech Dive
Dive Brief: Boston Scientific plans to acquire Penumbra for about $14.5 billion, the companies announced Thursday. Penumbra makes heart devices to remove clots from blood vessels, treating conditions including pulmonary embolism, stroke and deep vein thrombosis. It also makes an embolization system, designed to stop blood flow to control bleeding. Boston Scientific CEO Mike Mahoney…
Berkshire Hathaway’s cash surges in Abel’s first quarter as CEO – Yahoo Finance
(Bloomberg) — Berkshire Hathaway Inc.’s cash pile soared to its highest level ever and operating earnings jumped in Greg Abel’s first quarter as chief executive officer. Most Read from Bloomberg After a slight decrease late last year, the firm’s cash hoard jumped to $397 billion in the first quarter as it offloaded a net $8.1…
Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla – WIRED
A few months before Elon Musk left OpenAI’s board of directors in February 2018, he tried to recruit Sam Altman to join a “world-class AI lab” within Tesla. Musk went as far as offering the OpenAI CEO a Tesla board seat, according to emails and testimony presented in federal court on Wednesday during the Musk…
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he’d do it again – Yahoo Finance
Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, was unwavering as he reflected on the most radical decision of his decades-long career. In early 2023, convinced generative AI was an “existential” transformation, Vaughan looked at his team and saw a workforce not fully on board. His ultimate response: He ripped the company down to the studs,…
