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Amazon has announced it is laying off 16,000 employees, following a previous layoff of 14,000 in October. The company's senior VP noted these cuts aim to reduce bureaucracy and improve efficiency within teams undergoing restructuring. Despite the layoffs, Amazon plans to continue hiring in strategic areas and shift its workforce to adapt to reduced job needs due to AI advancements.
Tether, a significant player in the crypto space, is speculated to be influencing the rising gold prices, holding around 140 tons of gold worth approximately $24 billion. The company has been purchasing gold steadily, which some analysts believe is tied to a distrust in government debt. CEO Paulo Arduino has likened Tether's role in the gold space to that of a central bank, suggesting that their gold-backed alternatives could soon affect traditional fiat currencies.
Samsung plans to introduce a new display technology in its Galaxy S26 series that enhances privacy by limiting what others can see on the screen from side angles. This innovative feature aims to use pixel-level adjustments for optimal privacy, particularly in sensitive moments like entering passwords. This technology development indicates an advancement beyond software solutions and relies on new hardware components.
Elon Musk has proposed timing SpaceX's IPO for mid-June, coinciding with a rare planetary alignment of Jupiter and Venus as well as his birthday. The anticipated IPO could be the largest in history, targeting a valuation of $1.5 trillion. Musk's timing showcases his characteristic flair for combining personal milestones with significant business events.
Anthropic, an AI startup, is experiencing increased investor interest and has doubled its fundraising goal to $20 billion ahead of its IPO. Their revenue projections suggest substantial growth, although the company has reported an increase in expenditure expectations, delaying its anticipated cash flow positivity. The interest from top-tier investment groups reflects the increasing significance and competition in the AI industry.
European Space Agency (ESA) astronomers used an AI model to analyze 100 million images from the Hubble Space Telescope, discovering 1,400 anomalous objects in just two and a half days. This showcases AI's capability to enhance scientific observation by identifying patterns and anomalies that may have been overlooked by human researchers.
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