AI Bubble: Silicon Valley Acknowledges Tech Excesses
📋 Key Facts ✓ The year 2025 is summarized as 'AI bubble' in technology and economics ✓ High priests of Silicon Valley are ackno...
Dec 23Financial TimesTechnologyImpact
📋 Key Facts ✓ The year 2025 is summarized as 'AI bubble' in technology and economics ✓ High priests of Silicon Valley are ackno...
Meta's Reality Labs team is expected to lose around 10 percent of its staff, with layoffs concentrated on the division's metaverse employees, as reported by The New York Times . The layoffs are appare...
Google turned up the heat in the AI shopping wars this weekend, announcing plans to turn Gemini into a merchant and launching an open-source standard built together with major retailers including Shop...
Wing is bringing drone delivery to even more Walmart stores in 2026. The Alphabet-owned company announced today that its drones will be flying above 150 more locations this year, including in four new...
For decades, German cars symbolized engineering perfection and economic power. Now, sales are down, as their key market, China, goes electric. India could fill some of that gap left by China, but it w...
📋 Key Facts ✓ Elliott Hill became Nike's CEO in October 2024 after retiring in 2020. ✓ Nike's revenue declined 10% year over ye...
Crypto majors fall for first time in 2026; BTC at $92k. Morgan Stanley files for BTC, ETH and SOL ETFs. US Senate schedules key vote for crypto market structure bill for next week. Hyperliquid release...
Paramount is turning up the pressure on Warner Bros. Discovery in the wake of its merger with Netflix, as it's now suing the David Zaslav-helmed company in an attempt to get more details surrounding t...
📋 Key Facts ✓ High earners across the US are actively spending during the holiday season. ✓ Middle-income households are facing financi...
Crumpled up losing lottery tickets sit in a wastebasket at a liquor store in California. The Powerball jackpot has surpassed $1 billion. The next drawing is on Monday. Juliana Yamada/Los Angeles Times...
Deal extricates the lender from one of the last businesses related to its ill-fated push into retail banking...
Donald Trump signed an executive order on Wednesday regulating defense contractors, including their executive pay. Anna Moneymaker/Getty Images; Taylor Hill/WireImage President Donald Trump took aim a...
The modular PC company Framework is adjusting the price of its DDR5 RAM modules once again as the cost of memory continues to surge. In an update on Wednesday , Framework said it will charge $10 per G...
Tim Fung is the founder and CEO of Airtasker, a gig work app based in Australia. Airtasker Gig work underwent major changes with the rise of automation and increased competition in 2025. Tim Fung, CEO...
Google cofounded Sergey Brin and Larry Page attended the Vanity Fair Oscar Party in 2007. Billy Farrell/Patrick McMullan via Getty Images T-Rex LLC, linked to Google founders Sergey Brin and Larry Pag...
Joe Depa is the global chief innovation officer at EY. EY EY's Joe Depa predicts adaptability will become "the new job security" in 2026. He said it's essential to keep learning through formal...
Reid Hoffman, the cofounder of LinkedIn, thinks AI will transform, not eliminate, jobs. Dominik Bindl/Getty Images Reid Hoffman, a prominent Democratic donor, is against California's proposed billiona...
A RAM (random access memory) chip, commonly used in PCs. HUIZENG HU/Getty Images As AI companies snap up memory chips , smartphone and PC makers face higher costs and tighter supply. IDC projected a 2...
Tesla launched its self-driving tax service in 2025. This year, its facing several scaling deadlines. Jay Janner/Austin American-Statesman via Getty Images Tesla has set several key dates for its self...
📋 Key Facts ✓ The 'big beautiful' budget bill created a $2,000 above-the-line deduction on charitable donations. ✓ This deducti...