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Nestlé announced Thursday it will cut 16,000 jobs as part of a sweeping strategy to boost operational efficiency under new CEO Philipp Navratil. The restructuring includes 12,000 white-collar positions and 4,000 additional roles reduced over the next two years, signaling a decisive push to streamline the consumer goods giant. Accelerated Cost-Cutting Amid Growth Challenges The…
Beta Technologies, the Vermont-based electric aviation startup, has filed to sell shares in an initial public offering (IPO) priced between $27 and $33. If fully subscribed at the high end, the company could raise up to $825 million and debut with a valuation of approximately $7.2 billion. The filing, submitted to the U.S. Securities and…
South Korea is on the brink of a major decision that could reshape how global tech giants handle its geographic data. The government is weighing whether to allow Google and Apple to export high-resolution map data, offering unprecedented detail of streets, buildings, and alleys. While the potential benefits are significant, regulatory and national security concerns…
Spotify is experimenting with a new feature called SongDNA, designed to help users discover music by diving into the creative network behind their favorite tracks. A New Way to Explore Music The unreleased feature was first spotted by app researcher Jane Manchun Wong, who uncovered it within Spotify’s code. Screenshots she shared showed that SongDNA…
Kuku, the Indian storytelling startup backed by Google, has raised $85 million in Series C funding, led by Granite Asia, valuing the company at nearly $500 million. The Bengaluru-based platform, which offers audio and video storytelling through Kuku FM and Kuku TV, plans to use the funds to scale operations, expand creator partnerships, and strengthen…
Apple is deepening its commitment to clean energy, announcing contracts for 650 megawatts (MW) of renewable power across Europe — a mix of solar and wind projects designed to offset the energy use of its growing customer base. Powering Apple’s Global Footprint The new projects will help balance the electricity used by Apple products, from…
China’s latest restrictions on rare earth exports have sent shockwaves through the global automotive sector. Automotive industry groups warn that these measures could trigger a period of supply chain disruption, particularly affecting electric vehicle (EV) production and high-tech applications that rely heavily on rare earth metals. Supply Chain Under Pressure The German Association of the…
Chinese autonomous driving firms Pony.ai and WeRide are set to expand their reach with secondary listings in Hong Kong, signaling growing investor interest in robotaxi technology. Hong Kong Listings Approved China’s securities regulator, the China Securities Regulatory Commission (CSRC), has approved filings from Pony.ai and WeRide for secondary listings in Hong Kong. The move allows…
London-based AI infrastructure startup Nscale is preparing for an initial public offering, fueled by a massive $14 billion partnership with Microsoft. Founded in 2018, Nscale has rapidly emerged as a key player in AI cloud infrastructure. The company provides technology designed to help artificial intelligence scale efficiently—a sector seeing explosive growth as companies race to…
TSMC’s revenue landscape is shifting as High Performance Computing (HPC) orders surge, threatening Apple’s decade-long dominance as the semiconductor giant’s biggest client. While Apple has driven much of TSMC’s growth, the rise of NVIDIA’s AI GPUs and HPC chips is reshaping priorities for 2025 and beyond. HPC Orders Surge, Smartphone Demand Declines TSMC’s second-quarter 2025…