The European Union is assembling a €25 billion scale-up fund with major private investors to address Europe’s chronic late-stage funding gap. This ambitious initiative targets deep-tech sectors where Europe risks falling behind global competitors.
Microsoft is reportedly pushing its Xbox division to achieve a 30% profit margin, significantly above industry averages. This demand is allegedly behind recent job cuts, game cancellations, and strategic shifts toward multiplatform publishing.
Microsoft’s Xbox gaming division is reportedly operating under pressure to achieve a 30% profit margin, according to a new Bloomberg investigation. Sources indicate this above-industry-average target has influenced many recent controversial decisions, including workforce reductions, game cancellations, and increased hardware and service pricing.
Reddit has initiated legal proceedings against Perplexity AI and several data-scraping firms for alleged unauthorized content extraction. The lawsuit claims these companies violated copyright laws by harvesting and reselling Reddit’s user-generated content. This marks the second such action Reddit has taken against AI companies this year.
Reddit has filed a federal lawsuit against artificial intelligence company Perplexity AI and three data-scraping firms, alleging unauthorized collection and use of its content, according to court documents reviewed by Bloomberg. The complaint, submitted Wednesday in Manhattan federal court, names data-scraping companies Oxylabs UAB, AWMProxy, and SerpApi as defendants alongside Perplexity AI.
Market Dynamics Shift as Financial Giant Explores Sports Contracts In a development that could reshape the prediction market landscape, the…
Goldman Sachs’s chief credit strategist Lotfi Karoui has exited the firm after nearly two decades, according to reports. The departure comes as the bank’s US equity strategist David Kostin also prepares to leave, signaling significant changes in Goldman’s research leadership.
Goldman Sachs’s chief credit strategist Lotfi Karoui has departed the firm after 18 years, according to reports confirmed by the bank. Karoui, who also served as head of credit, mortgages and structured products research, was named chief credit strategist in 2017 and was among the executives promoted to partnership in November.
Apple’s next-generation MacBook Pro with M6 chip may finally include touchscreen OLED displays according to industry reports. The redesign would represent Apple’s first touch-enabled MacBook, potentially blurring lines between Mac and iPad functionality.
Apple’s upcoming MacBook Pro refresh with M6 chip may represent the most significant design change to the professional laptop line in years, according to reports from multiple industry sources. The next-generation models are rumored to feature touchscreen OLED displays, marking Apple’s first departure from its longstanding resistance to touch-enabled MacBooks.
