Tesla shareholders just approved a $1 trillion compensation package for Elon Musk that requires him to increase Tesla’s market cap to $8.5 trillion. This highlights the extreme measures companies take to retain superstar talent in an economy where a few individuals can make or break entire organizat
Apple and Tencent have reached a deal where Apple will process payments for WeChat Mini Games and take a 15% commission. This resolves a long-standing revenue gap where Apple wasn’t getting any cut from the massive in-app ecosystem. The arrangement covers games used by 1.4 billion monthly users that
Google is rolling out AI shopping tools that can call local stores on your behalf and automatically purchase items when prices drop. The features launch just in time for the holiday shopping season and could change how we find products online.
AirTrunk is expanding to India as the AI boom drives unprecedented demand for data center capacity across Asia. The Blackstone-owned firm’s CEO described plans as “pretty advanced” but didn’t reveal specific timing or location details for the new facility.
Accenture CEO Julie Sweet says leaders must embrace constant reinvention in the AI era. The company invests $1 billion annually in reskilling its 779,000 employees and recently cracked the top five of Fortune’s World’s Best Workplaces list. Sweet emphasizes that genuine human connection remains irre
Cisco Systems delivered a massive earnings beat driven by AI infrastructure demand, sending shares toward all-time highs not seen since 2000. The company raised its full-year outlook and revealed hyperscaler AI revenue will triple to $3 billion in fiscal 2026.
Just weeks after becoming billionaires, Mercor’s founders abruptly canceled an AI project involving thousands of contractors. Hours later, they offered to rehire workers at significantly lower pay rates, sparking outrage among the workforce.
Apple is making a massive bet on Google’s AI technology to upgrade Siri. The $1 billion annual deal would give Apple access to a custom 1.2 trillion parameter Gemini model. This represents Apple’s admission that it’s fallen behind in the AI race.
Circle’s first quarterly earnings as a public company disappointed investors despite strong revenue growth. The stablecoin giant saw its shares drop over 8% as reserve returns declined and operating expenses jumped 70%. Market reaction highlights the challenges facing stablecoin businesses even amid
Former Nintendo of America president Reggie Fils-Aime expressed surprise that Microsoft hasn’t brought more games to Switch 2. He expected “much more” support, especially during the crucial holiday timeframe. Microsoft has only confirmed Indiana Jones for 2026 so far.
