Meta is planning to layoff around 10 percent of employees in May, according to a memo from the company's chief people officer, Janelle Gale, published by Bloomberg . That means approximately 8,000 people will see their jobs cut. Meta will also be closing around 6,000 open roles, according to Gale. The cuts follow Meta's significant investments in AI , including spending huge sums to hire top talen...
Meta is planning to layoff around 10 percent of employees in May, according to a memo from the company's chief people officer, Janelle Gale, published by Bloomberg . That means approximately 8,000 people will see their jobs cut. Meta will also be closing around 6,000 open roles, according to Gale. The cuts follow Meta's significant investments in AI , including spending huge sums to hire top talent and build data centers . The company forecast in January that it will spend $115 billion to $135 billion in capital expenditures in 2026 - a significant increase from its $72.22 billion in capital expenditures for 2025. The increase is to "support o … Read the full story at The Verge.
Klaus Vedfelt/DigitalVision via Getty Images OpenAI ( OPENAI ) has launched ChatGPT for Clinicians, which is a version of the chatbot designed to support clinical tasks such as documentation and medical research. It is being offered at no charge to verified physicians, NPs, PAs, and pharmacists in the U.S. OpenAI said use of AI tools by medical professionals in the U.S. continues to grow. It cited...
Klaus Vedfelt/DigitalVision via Getty Images OpenAI ( OPENAI ) has launched ChatGPT for Clinicians, which is a version of the chatbot designed to support clinical tasks such as documentation and medical research. It is being offered at no charge to verified physicians, NPs, PAs, and pharmacists in the U.S. OpenAI said use of AI tools by medical professionals in the U.S. continues to grow. It cited a recent survey by the American Medical Association that found 72% of physicians use some form of AI in clinical work compared to 48% last year. OpenAI also introduced HealthBench Professional , an open benchmark for real clinician chat tasks across three use cases, including care consult, writing and documentation, and medical research. The development builds on OpenAI's tools for the healthcare industry. The Sam Altman-led company introduced ChatGPT for Healthcare in January. OpenAI plans to eventually release ChatGPT for Clinicians to more countries and groups. More on OpenAI Nadella's Flip-Flop OpenAI's Dilemma Wall Street Lunch: ChatGPT Tops 800M Weekly Active Users SoftBank eyes $10B margin loan backed with OpenAI stake- report OpenAI brings workspace agents to ChatGPT
Jane Street Group urged a judge to throw out a lawsuit accusing it of trading on inside information ahead of the $40 billion crash of cryptocurrencies associated with Terraform Labs . In a Thursday court filing, Jane Street denied insider-trading and market-manipulation claims brought by the bankruptcy administrator winding down Terraform’s business. It said the suit aimed to “extract cash from Ja...
Jane Street Group urged a judge to throw out a lawsuit accusing it of trading on inside information ahead of the $40 billion crash of cryptocurrencies associated with Terraform Labs . In a Thursday court filing, Jane Street denied insider-trading and market-manipulation claims brought by the bankruptcy administrator winding down Terraform’s business. It said the suit aimed to “extract cash from Jane Street to foot the bill for a fraud” the crypto firm itself perpetrated. Terraform co-founder Do Kwon pleaded guilty to fraud and was sentenced in December to 15 years in prison. “It is well established that the direct cause of investor losses was Terraform and Do Kwon’s fraud — in which Jane Street played no part,” the firm said in the Manhattan federal court filing. Terraform imploded in May 2022 when its TerraUSD stablecoin lost its peg to the US dollar, leading to the collapse of its sister token, Luna. The failure set off an industry-wide downturn that became known as the “crypto winter” and contributed to the downfall of Sam Bankman-Fried ’s FTX exchange. Todd R. Snyder, Terraform’s administrator, claimed Jane Street used non-public information to make front-running trades that increased the pressure on Terraform, allowing the trading firm “to unwind hundreds of millions of dollars in potential exposure at precisely the right time, mere hours before the Terraform ecosystem collapsed.” Jane Street said Thursday that Snyder’s suit failed to show that it possessed inside information or that the trading firm acted on it. To the contrary, Jane Street said many of the trades cited by Snyder were clearly based on “public market signals” about Terra’s instability. “That alone is dispositive: insider trading cannot be based on information the market already knew,” Jane Street said. Jane Street co-founder Robert Granieri participated in discussions with a competitor, Jump Trading , about a potential bailout for Terraform, but the effort was ultimately shelved. In its Thursda...
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer. Social media giant Meta Platforms, Inc. (NASDAQ:META) is one of Cramer’s top stocks when it comes to going against the narrative. While the firm has come under […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Meta Platforms, Inc. (NASDAQ:META) is one of the stocks discussed by Jim Cramer. Social media giant Meta Platforms, Inc. (NASDAQ:META) is one of Cramer’s top stocks when it comes to going against the narrative. While the firm has come under […]
Key PointsThe artificial intelligence-fueled earnings growth of tech companies is going to be a tailwind for the Nasdaq Composite index, which has shown resilience in April after a poor start to the year.
Key PointsThe artificial intelligence-fueled earnings growth of tech companies is going to be a tailwind for the Nasdaq Composite index, which has shown resilience in April after a poor start to the year.
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Adobe Inc (NASDAQ:ADBE) is one of the stocks discussed by Jim Cramer. Productivity software firm Adobe Inc (NASDAQ:ADBE)’s stock has struggled in today’s AI era. They are down by 29% over the past year and by 25.8% year-to-date. Amidst this […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Adobe Inc (NASDAQ:ADBE) is one of the stocks discussed by Jim Cramer. Productivity software firm Adobe Inc (NASDAQ:ADBE)’s stock has struggled in today’s AI era. They are down by 29% over the past year and by 25.8% year-to-date. Amidst this […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks discussed by Jim Cramer. Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest eCommerce and cloud computing retailers in the world. Its shares are up by 44% over the past year and by […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Amazon.com, Inc. (NASDAQ:AMZN) is one of the stocks discussed by Jim Cramer. Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest eCommerce and cloud computing retailers in the world. Its shares are up by 44% over the past year and by […]
Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence.Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future.
Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence.Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future.
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer. NVIDIA Corporation (NASDAQ:NVDA) is a firm that Jim Cramer discusses almost daily in his morning appearance. Its shares are up by 102% over the past year and by […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer. NVIDIA Corporation (NASDAQ:NVDA) is a firm that Jim Cramer discusses almost daily in his morning appearance. Its shares are up by 102% over the past year and by […]
(RTTNews) - Mortgage rates, or interest rates on home loans, continued to decline, falling to a four-week low, according to mortgage provider Freddie Mac.
(RTTNews) - Mortgage rates, or interest rates on home loans, continued to decline, falling to a four-week low, according to mortgage provider Freddie Mac.
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks discussed by Jim Cramer. Cramer discussed contract chip manufacturer Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in detail in his tweets and in his morning appearance after the firm reported […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the stocks discussed by Jim Cramer. Cramer discussed contract chip manufacturer Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) in detail in his tweets and in his morning appearance after the firm reported […]
US President Donald Trump will meet Lebanese and Israeli envoys at a new round of peace talks on Thursday, with Beirut seeking a one-month extension of a shaky ceasefire set to expire. With Trump struggling to push Iran into a deal on the wider regional war, the US is hoping for progress on Lebanon, which Israel has pounded in response to Hezbollah fire. The talks, previously planned at the State ...
US President Donald Trump will meet Lebanese and Israeli envoys at a new round of peace talks on Thursday, with Beirut seeking a one-month extension of a shaky ceasefire set to expire. With Trump struggling to push Iran into a deal on the wider regional war, the US is hoping for progress on Lebanon, which Israel has pounded in response to Hezbollah fire. The talks, previously planned at the State Department like the first round last week and to be led by US Secretary of State Marco Rubio, were...
Earnings Call Insights: Freeport-McMoRan (FCX) Q1 2026 Management View “Our sales of copper, gold and unit costs were better than our forecast and the favorable metal price backdrop allowed us to generate growth in revenues, EBITDA and cash flow compared with last year's first quarter despite our Indonesia operations operating at reduced capacity.” (CEO, President & Director Kathleen Quirk) “A not...
Earnings Call Insights: Freeport-McMoRan (FCX) Q1 2026 Management View “Our sales of copper, gold and unit costs were better than our forecast and the favorable metal price backdrop allowed us to generate growth in revenues, EBITDA and cash flow compared with last year's first quarter despite our Indonesia operations operating at reduced capacity.” (CEO, President & Director Kathleen Quirk) “A notable highlight of the quarter was the memorandum of understanding reached in February with the Government of Indonesia to extend their operating rights for the life of the resource.” (CEO Quirk) “We reached agreement with our insurance providers during the quarter for a $700 million insurance recovery, which was the maximum limit under the policy. We expect to collect the proceeds during the second quarter.” (CEO Quirk) “We returned approximately $300 million to shareholders in the first quarter including common stock dividends and the purchase of 1.7 million shares of our common stock.” (CEO Quirk) “With the current material handling constraints, we now expect to be limited to approximately 60,000 tonnes per day from production blocks 2 and 3 in the second half of 2026, increasing to the 90,000 tonnes per day range by mid-2027 as modifications, the ore loading infrastructure are completed over the next several months.” (CEO Quirk) “Our current outlook for net unit costs is expected to average $1.95 per pound of copper for the year compared with the prior estimate of $1.75 per pound.” (Executive VP & CFO Maree Robertson) Outlook “Our 3-year outlook for sales volumes of copper, gold and molybdenum… incorporates the adjusted ramp-up schedule for Grasberg… which is the primary change from our prior estimates.” (CFO Robertson) “As ramp-up progresses, our second half volumes are expected to be approximately 30% higher for copper and approximately 50% higher for gold compared with the first half, driving earnings and cash flow in the balance of the year.” (CFO Robertson) “We have...
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. CoreWeaveInc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer. AI infrastructure firm CoreWeaveInc. (NASDAQ:CRWV)’s shares are up by a strong 199% over the past year and by 45% year-to-date. Since April 9th, the stock is up by 25%. […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. CoreWeaveInc. (NASDAQ:CRWV) is one of the stocks discussed by Jim Cramer. AI infrastructure firm CoreWeaveInc. (NASDAQ:CRWV)’s shares are up by a strong 199% over the past year and by 45% year-to-date. Since April 9th, the stock is up by 25%. […]
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees. While an alternative to the sudden layoffs removing tech workers from peers like Meta and Or...
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires. Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees. While an alternative to the sudden layoffs removing tech workers from peers like Meta and Oracle, the savings are likely tied to a similar industry upheaval that is requiring huge spending on the costs of artificial intelligence.
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Oracle Corporation (NYSE:ORCL) is one of the stocks discussed by Jim Cramer. AI computing infrastructure firm Oracle Corporation (NYSE:ORCL) has shaped up to be one of the more important stocks in today’s AI era. Its shares are up by 49% […]
We recently shared Jim Cramer Rubbished Circular AI Deals & Commented On These 18 Stocks. Oracle Corporation (NYSE:ORCL) is one of the stocks discussed by Jim Cramer. AI computing infrastructure firm Oracle Corporation (NYSE:ORCL) has shaped up to be one of the more important stocks in today’s AI era. Its shares are up by 49% […]