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Tesla in Talks for $2.9 Billion Chinese Solar Deal
Tesla is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, two people familiar with the matter said.
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CBS News Laying Off 6% of Staff
CBS News has begun a new round of layoffs, with top leadership citing sweeping changes in the media landscape and a need to reposition the organization for the future, Business Insider reports.
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Teens Sue Musk's xAI Over Alleged AI Explicit Images
Three teenagers in Tennessee sued Elon Musk's xAI this week, claiming the company's image-generation tools were used to morph real photos of them into explicitly sexual images.
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Amazon Eyes Smartphone Comeback After Fire Phone Flop
In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone , overseen directly by founder Jeff Bezos , was scrapped in barely over a year, one of Amazon's highest-profile flops.
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ABC Scraps 'Bachelorette' Season Over Taylor Frankie Paul 2023 Video
ABC has scrubbed the upcoming season of "The Bachelorette," starring Taylor Frankie Paul, citing a newly released video from 2023.
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Netflix Eyes K-Pop Boom With 'Demon Hunters' Global Tour
Netflix is moving to turn its biggest film hit into a global live-events franchise, betting on the explosive growth of K-pop to unlock a major new revenue stream, Bloomberg reports.
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Uber to Invest Up to $1.25B in Rivian for Robotaxis
Uber says it will invest up to $1.25 billion in Rivian Automotive to help launch up to 50,000 robotaxis.
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Leavitt: Google News Biased Against Conservatives
White House press secretary Karoline Leavitt on Wednesday cited a new study alleging bias in Google News results, arguing that the findings highlight what she called a lack of balance in how major tech platforms distribute information to Americans.
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DOJ Antitrust Head: Paramount-Warner Deal Review Is Not Political
Paramount Skydance's proposed acquisition of Warner Bros Discovery will "absolutely not" have a fast track to approval because of political factors, the head of the U.S. Department of Justice's antitrust division told Reuters in an interview Wednesday.
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Meta Locks in Fifth Avenue Retail Hub
Meta is making a long-term push into brick-and-mortar retail, signing a 10-year lease to turn its Fifth Avenue Meta Lab into a permanent flagship store in Midtown Manhattan, the New York Post reports.
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Nvidia Is Now Getting Orders From China
Nvidia may finally be gaining traction in China, with fresh signs that regulatory approvals are translating into real orders - a development that could help break the stock out of its prolonged trading slump, MarketWatch reports.
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Macy's 4Q Results Strong But Outlook Uncertain
Macy's reported stronger-than-expected profits in the crucial fourth-quarter, and comparable sales rose again.
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Amazon: AI to Double AWS Sales to $600 Billion by 2026
Amazon CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate.
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Musk, SEC in Talks to Settle Twitter Disclosure Lawsuit
Elon Musk and the U.S. Securities and Exchange Commission are in talks to settle the regulator's lawsuit accusing the world's richest person of waiting too long to disclose his purchases of Twitter shares in 2022.
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Kraft Heinz to Launch High-Protein Mac & Cheese
Kraft Heinz said Tuesday it plans to launch high-protein Mac & Cheese as part of CEO Steve Cahillane's efforts to revive the packaged food maker after hitting pause on its plans to split.
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Nvidia CEO Boldly Forecasts $1Trillion in AI Chip Sales
Nvidia chief Jensen Huang expects the artificial intelligence chip powerhouse to bring in at least a trillion dollars in revenue through next year.Huang made the ramped-up revenue forecast Monday while outlining Nvidia's latest innovations for a packed audience at the...
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Zaslav May Pocket $887 Million From Paramount Deal
Warner Bros Discovery CEO David Zaslav is likely to receive up to $887 million after completion of the media company's sale to Paramount Skydance , according to a regulatory filing Monday.
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OpenAI to Sell AI to US Agencies via Amazon Cloud
OpenAI has signed a new deal to sell access to its AI models to U.S. defense and government agencies through Amazon's cloud unit for classified and unclassified work, the ChatGPT maker said Tuesday.
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Amazon Unveils 1-Hour Delivery, Targeting Walmart
Amazon is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the U.S., including Los Angeles and Chicago, in its latest efforts to stave off e-commerce competition from its biggest rival, Walmart.
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BuzzFeed Has 'Substantial Doubt' About Its Future
BuzzFeed said there is "substantial doubt" about its ability to continue operating as the digital media company grapples with ongoing financial challenges, CNN reports.
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Meta Planning Sweeping Layoffs as AI Costs Mount
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter said, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
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EchoStar DISH's $9 Billion Default Hurts Infrastructure and Jobs, New Study Finds
A decision late last year by EchoStar's DISH Wireless to walk away from billions in long-term infrastructure contracts is roiling the telecom industry, sparking lawsuits, job-loss fears, and calls for federal regulators to step in.
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Musk Ousts xAI Founders as AI Coding Effort Falters
Elon Musk has triggered a fresh wave of job cuts at his AI firm xAI, with more co-founders pushed out amid his dissatisfaction with the underperformance of the startup's coding division, The Financial Times reported Friday.
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UAW: 'Strategic' Tariffs Prompt Industry Hiring Surge
The United Auto Workers says "strategic" tariffs on imported heavy trucks are helping with new hiring and expanded production at the Detroit Diesel manufacturing complex in Michigan.
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Iran-Linked Hackers Claim Stryker Cyberattack
An Iranian-linked group says it was behind a sweeping cyberattack that crippled operations at the medical technology giant Stryker, knocking systems offline across the company's global network.