Verizon is preparing its largest-ever workforce reduction of 15,000 employees while Apple strikes a deal with Tencent for reduced commission rates. Meanwhile, most companies lack formal AI adoption plans despite the technology’s rapid advancement.
A new Forbes survey reveals a striking paradox in corporate sustainability. While nearly 60% of executives plan to expand renewable energy use, confidence in these initiatives has dropped dramatically. The industries investing the most are seeing the least success.
Google is suing dozens of individuals behind the Lighthouse phishing-as-a-service operation. The scam has targeted over a million people with fake package delivery texts. This legal action represents a significant escalation in the fight against smishing campaigns.
President Trump’s $300 million White House ballroom renovation is being funded by 37 donors including tech giants, crypto billionaires, and corporate interests. The incomplete list doesn’t include all contributors, and donation amounts remain undisclosed. Major tech companies with complicated Trump
TechUK’s new report reveals staggering fraud statistics and calls for urgent collaboration between industry and government. With only 1% of police dedicated to fraud, the UK faces a growing crisis that demands immediate action.
Samsung’s free streaming service TV Plus is adding content from former NASA engineer Mark Rober. The move expands the platform’s creator roster as it competes in the crowded streaming space.
Backed VC has closed its largest fund yet at $100 million while simultaneously running a secondary sale program for its LPs. The firm is expanding to the US but keeping its European focus. This dual strategy reveals where venture capital is heading in 2024.
Manual has secured a $120 million debt facility from General Catalyst’s Customer Value Fund. The London-based men’s health company is using the capital to boost marketing of its weight-loss drug services. This follows the company’s pivot into GLP-1 treatments like Ozempic two years ago.
A Russian humanoid robot called AIdol faceplanted during its public debut in Moscow. The incident occurred while Rocky theme music played in the background. Company CEO Vladimir Vitukhin called it a “successful mistake” that provides learning experience.
Apple is using a new study to argue that the EU’s Digital Markets Act has failed to reduce app prices for consumers. The company claims commission savings have overwhelmingly gone to developers outside the EU instead of benefiting users.
