Business

Microsoft is providing approximately 7% of its US workforce with the option for early retirement, marking the latest effort by a major tech company to reduce its size while increasing investments in artificial intelligence.

A U.S. judge on Friday dismissed the fraud claims made by Elon Musk in his lawsuit accusing OpenAI and co-founder Sam Altman of betraying OpenAI’s original mission, but plans to proceed to trial on Musk’s breach of charitable trust and unjust enrichment claims.

Monte dei Paschi di Siena’s leader, Luigi Lovaglio, is contemplating the sale of a €7.4bn stake in Generali to aid in financing the acquisition of Banco BPM, reviving the Italian government’s previous goal of merging the two banks to form a national banking champion.

Apple is approaching its most significant leadership transition in years, coinciding with increasing scrutiny regarding the security of its App Store and the increase of cryptocurrency theft on iPhones.

SpaceX announced it has obtained an option to either purchase the code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it further ventures into the profitable market for AI developer tools.

Safe sex may become more costly if the Iran conflict continues to disrupt global supply chains, as stated in a recent interview with the CEO of the world’s largest condom manufacturer.

A significant round of layoffs has impacted Marvel, dismantling teams responsible for some of Hollywood’s major superhero successes as parent company Disney reduces its expenses.

Amazon announced on Tuesday that it will acquire Globalstar in a $11.57 billion deal, strengthening its emerging satellite business as it aims to compete with its larger rival, Starlink, led by Elon Musk.

OpenAI’s $852 billion valuation is under increasing scrutiny from its own backers as the group shifts focus to the enterprise market and tackles competition from Anthropic.

Poste Italiane’s CEO has defended the former postal monopoly’s €10.8 billion bid for Telecom Italia after facing criticism that the deal would revert the company to a state-supported national leader.

Over the past year, major European banks and asset managers have significantly boosted their investments in Palantir, the contentious U.S. technology company.

Elon Musk has experienced the most significant series of losses in court in a career marked by legal battles, highlighting the drawbacks of his combative litigation strategies and polarizing public image before an upcoming confrontation with Sam Altman and OpenAI later this month.

IBM reached a settlement with the federal government on Friday, agreeing to pay approximately $17 million to resolve allegations of illegal diversity, equity, and inclusion (DEI) practices.

Wall Street is turning to some unconventional measures to evaluate the value of Elon Musk’s SpaceX.

Rene Haas, the chief executive of UK chip designer Arm, is set to head a range of SoftBank Group’s international business to advance Masayoshi Son’s goals in semiconductors and AI.

Wealthy investors tried to withdraw over $20bn from private credit funds in the first quarter, highlighting the increasing pressure on an asset class that had rapidly grown into a major force on Wall Street.

President Donald Trump and his family experienced significant financial losses after making substantial investments in bitcoin, an analysis has found.

Jeff Shell has departed from his role as president of Paramount Skydance in less than a year, marking a surprising second downfall for the troubled media executive amid a shocking lawsuit accusing him of leaking corporate secrets.

A British computer scientist has asserted that he is not the mysterious creator of Bitcoin, following a report that purported to reveal him as the developer.

SwapTron does not offer ownership or executive details on its website.

Bill Ackman’s Pershing Square Capital has proposed to acquire Universal Music Group in a primarily stock-based transaction, valuing the world’s largest record label at approximately €55 billion and planning to move its listing from Amsterdam to New York.

A Texas refinery praised by Donald Trump as a “historic $300bn deal” will require an initial, more modest expenditure of around $40 million by Reliance Industries, according to two individuals familiar with the matter.

A company owned by Jeff Bezos has recruited an xAI co-founder from a position at OpenAI, as the tech billionaire’s secretive start-up rapidly hires to fulfill its ambition of developing AI systems that can revolutionize the industrial sector.

Last November, a new blockchain network known as AB announced it had partnered with a company with an impeccable political pedigree: World Liberty Financial, a booming cryptocurrency firm co-owned by the family of former U.S. President Donald Trump.