The AI Boom That Wasn’t
Despite all the hype, actual AI usage in American businesses is declining. The employment-weighted share of workers using AI has dropped to just 11%. Large companies are pulling back the most.
Category: Business
Nutanix Misses Revenue Targets But Sees VMware Migration Wave
Nutanix reported Q1 2026 revenue of $670.6 million, missing expectations by about $6 million. The company also cut its full-year revenue outlook but CEO Rajiv Ramaswami highlighted strong VMware customer migrations and channel growth. Despite the financial miss, Nutanix sees opportunity in competing
Ubisoft’s Microtransaction Defense: Paying For Updates
Ubisoft is defending microtransactions in Assassin’s Creed Shadows, arguing they’re essential for funding post-launch content. The company says optional purchases enable free updates like the recent Attack on Titan crossover. This comes as the series exceeded expectations and Tencent prepares to inv
Symbotic’s Stock Surge: Real Breakthrough or Walmart Hangover?
Warehouse automation company Symbotic’s stock has more than doubled over the past year. A new deal with medical supplier Medline signals potential expansion beyond its risky Walmart dependency, but profitability challenges remain.
Grindr’s $3.5 Billion Buyout Bid Collapses
Billionaire Raymond Zage and James Lu have withdrawn their proposal to take Grindr private at $18 per share. The company’s special committee ended talks due to financing concerns, while analysts value the stock significantly higher.
Nintendo Switch Online adds Battletoads, Bionic Commando classics
Nintendo Switch Online’s late-November update adds four classic games across NES and Game Boy apps. The additions include the notoriously difficult Battletoads and the grappling-hook focused Bionic Commando. New features include remappable buttons and a hidden Game Boy boot screen Easter egg.
Ubisoft Finally Adds Isu Content to Assassin’s Creed Shadows
Assassin’s Creed Shadows is finally getting its first proper Isu content through a new free update called “A Puzzlement.” Ubisoft defended the game’s microtransactions, arguing they fund post-launch support like this new lore content. The update also includes an Attack on Titan crossover event.
Cramer says Nvidia selloff is driven by fear, not fundamentals
CNBC’s Jim Cramer says investors are approaching the Nvidia selloff with the wrong mindset. He argues that owning AI stocks requires conviction during periods of weakness, and that the current pressure reflects fear rather than fundamental deterioration.
Contract Manufacturing’s $967 Billion Problem
Contract manufacturing is projected to grow from $724 billion to $967 billion by 2030, but labor shortages and supply chain disruptions threaten this expansion. The industry must navigate complex workforce issues while maintaining quality control across distributed operations.
Apple gets four-year extension on $845M North Carolina deal
Apple successfully negotiated a four-year extension on its $845 million incentive deal with North Carolina. The tech giant now has until 2027 to begin meeting hiring targets for its planned Research Triangle Park campus. This comes after construction delays and a pause in development plans.