Business
All the latest news stories about the business world: mergers, IPOs, trends, personalities, and more
Amazon to Invest $12 Billion in Louisiana A.I. Data Centers
Amazon plans to spend $12 billion building new data center campuses in northwestern Louisiana to support artificial intelligence and cloud computing.
Uber Buys SpotHero to Add Parking Reservations In-App
Uber is acquiring parking reservation app SpotHero to let users book parking for downtown trips, concerts, sporting events, and airports.
Report: OpenAI Lays Groundwork for Potential $1 Trillion IPO
According to exclusive reporting from Reuters, OpenAI is reportedly preparing for an initial public offering that could value the company at up to $1 trillion.
Netflix Announces 10-for-1 Stock Split to Make Shares More Accessible
Netflix is splitting its stock 10-for-1, giving shareholders nine additional shares for each one they own as of November 10th.
The Compliance Revolution: Closing the Risk Blind Spots with a 360-Degree Strategy
Goutam Nadella, Chief Product Officer at Smarsh, discusses the 360-degree view of risk in the context of compliance.
Big Business This Week: Building “deep tech” that matters
Maybe it’s not high-tech that’s the answer to improving the world, maybe it’s actually… “deep tech.”
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.
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.
The underdiscussed pure profit enterprise of movie rereleases
With rereleases being pure profit, why aren’t studios always doing them?
