Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
OpenAI in Talks with Amazon Over $1B Investment
OpenAI is in talks with Amazon about a potential investment that could top $10 billion and include using Amazon’s in-house A.I. chips.
Merriam-Webster: “Slop” is the Word of the Year
Merriam-Webster named “slop” its 2025 word of the year, reflecting rising skepticism about low-quality AI-generated content flooding the internet.
Meta Doubles Down on A.I. Spending as Zuckerberg Defends New Investments
Meta CEO Mark Zuckerberg defended the company’s heavy A.I. spending, saying it’s better to invest “too much than too little”.
Alphabet Tops $100 Billion in Quarterly Revenue for the First Time as Profits Soar
Google’s parent company Alphabet reported its first-ever quarter with more than $100 billion in revenue.
Paramount to Lay Off 2,000 Employees Following $8 Billion Skydance Merger
Paramount has begun layoffs affecting about 2,000 employees, or roughly 10% of its workforce, just months after completing its $8 billion merger with Skydance.
Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music and AI song generator Udio partner on new AI platform
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
YouTube Offers Voluntary Buyouts Amid A.I.-Driven Restructuring of Product Teams
YouTube is offering voluntary buyouts to U.S. based employees as it reorganizes its product division for the first time in a decade to prioritize A.I.
Samsung reports 32% rise in operating profit and predicts more growth
Samsung Electronics has reported a 32.5% increase in operating profit for the third quarter.
Starbucks halts 2-year sales slide, but costly improvements hurt its profits
Starbucks halted a long sales slide in its fiscal fourth quarter as fall drinks and improved service brought customers back to its stores.
The underdiscussed pure profit enterprise of movie rereleases
With rereleases being pure profit, why aren’t studios always doing them?
