Saturday, January 20, 2024

Online retailer Wayfair's shares jump on job cuts, upbeat 2024 core profit

The company said the job cuts, which affect 19% 0r 1,650 of its corporate employees, would lead to annual cost savings of $280 million.

from Tech-Economic Times https://ift.tt/uIe9N78

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...