According to a new report, OpenAI is aiming for a fourth-quarter IPO this year. The move comes as it builds its finance team and faces a high-stakes legal fight with Elon Musk. But the path to going public is fraught with huge challenges.
Indo-MIM is planning a major IPO in India to raise up to $700 million. The company, which makes precision metal components, has significantly lowered its valuation target amid a weak market for new listings.
India’s new labor codes are live, replacing 29 old laws. The compliance chaos is pushing wage bills up and revealing just how unprepared many HR tech systems are. It’s a massive operational headache with a real price tag.
Artist Sophia Al-Maria staged a public retirement from the art world last October. But she’s returning for a final show in Qatar to reclaim her influential concept of “Gulf Futurism” from being just a slick aesthetic.
Amazon confirmed another 16,000 corporate layoffs this week, bringing its total cuts to 30,000 in just four months. CEO Andy Jassy insists AI isn’t the driver, but he previously said AI would lead to a smaller corporate workforce. The company is still investing billions in AI and cloud infrastructur
Microsoft’s stock plunged 12% after earnings, its biggest drop in nearly six years. The crash came even though the company beat revenue and profit forecasts, with cloud revenue hitting $50 billion. Investors are worried about massive AI spending and a slight deceleration in Azure growth.
The workforce balance of power in tech has officially flipped. For the first time, the number of people working for hyperscale and cloud companies now exceeds the total employed by the global telecom industry. This marks a stunning reversal from just 14 years ago.
Microsoft posted a massive $81.27 billion in revenue for its fiscal Q2, with net income soaring to $38.46 billion. However, Azure growth dipped slightly and heavy AI investments are starting to pressure profitability.
Zoom’s quiet $51 million investment in AI firm Anthropic is looking like a potential windfall. Analysts now suggest the stake could be worth up to $4 billion, sparking a major rally in Zoom’s stock.
In a new interview, Xbox’s Sarah Bond revealed that players using Xbox Play Anywhere engage 20% more. However, she notably avoided confirming or denying widespread reports that Microsoft has set a 30% profit margin target for the gaming division. The contrast highlights Xbox’s public balancing act b
