Microsoft

4 months agoNews Editor 01

Microsoft Plans Third Major Layoff Round in a Year, With Sales and Xbox Hit Hard

Microsoft is reportedly preparing a third major layoff round in a little over a year, affecting fewer than 5,500 employees. Sales, consulting, and Xbox are expected to take the biggest hit as the company keeps spending heavily on AI infrastructure.

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OpenAI

4 months agoNews Editor 01

OpenAI Revenue Tops $25 Billion as IPO Preparation Targets Late 2026

OpenAI has surpassed $25 billion in annualized revenue and is preparing for a possible IPO as early as late 2026. Rapid growth has not translated into profitability, leaving public capital access increasingly important.

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SpaceX

4 months agoNews Editor 01

SpaceX IPO Draws $250 Billion in Orders as Analysts Link Crypto, Tech Selloff to ‘IPO Tax’

SpaceX has attracted more than $250 billion in IPO orders, nearly four times its $75 billion fundraising target. Analysts say the deal is draining liquidity from risk assets, pressuring both tech stocks and crypto.

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Bit.Fan