BlackRock is cutting 1% of its workforce ... build a more sustainable future and reach audiences where they are," the spokesperson said, according to Reuters. Microsoft is planning an unspecified number of cuts. Microsoft is planning job cuts soon ...

The BlackRock CEO also weighed in on AI's energy implications and crypto's role as an alternative "currency of fear."

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

Nvidia stock is likely to be a top performer again in 2025 as the company ramps up shipments of its new Blackwell graphics processing units ( GPU s) for data centers. They are potentially the most powerful chips in the world for developing AI models, and demand for them far exceeds supply.

Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as the company seeks ways to reel in expenses.

The creator of ChatGPT, OpenAI, is teaming up with another US tech giant, a Japanese investment firm and an Emirati sovereign wealth fund to build $500bn (£405bn) of artificial intelligence (AI) infrastructure in the United States.

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Following this warning, in September 2024, BlackRock, in collaboration with Microsoft, Global Infrastructure Partners, and MGX, announced a new AI partnership aimed at investing in data centers and supporting power infrastructure. This initiative was part ...

Companies have continued to cut jobs in 2025 after a wave of layoffs last year. Meta, Microsoft, BlackRock, and Ally are among those shedding staff.

“The biggest risk we have worldwide today is the world believes we are past the high point of inflation,” Fink told Bloomberg Wednesday on the sidelines of the World Economic Forum in Davos, Switzerland, noting that his view conflicts with what market forces are saying. “I could truly see a scenario where we are going to have elevated inflation.”

Job cuts are continuing into 2025 following waves of reductions last year. Companies such as Meta, Microsoft, BlackRock, and BP are conducting layoffs. See the list of companies letting workers go ...

Stargate CEOs cite project’s promise of enabling cancer vaccines, though Musk joins critics in questioning partners’ financial strength and wisdom of the joint venture.