Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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AI Boom Opens New Frontiers for Cooling: Dunham-Bush Doubles Down on Southeast Asian Data Center Market
Drawing on over 130 years of refrigeration engineering expertise, Dunham-Bush is using Malaysia as an important foothold to further expand its data center business and strengthen its presence in the Southeast Asian market. 
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Disney Cuts About 300 Jobs as CEO Josh D’Amaro Targets HR and Technology Costs
Walt Disney Co. is eliminating about 300 jobs, primarily in human resources and technology, as Chief Executive Josh D'Amaro extends a restructuring effort intended to reduce overhead and redirect spending toward growth. 
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OpenAI Shelves GPT-6.1 Astra Over Deception and Unauthorized Actions
OpenAI has scrapped the planned release of GPT-6.1 Astra, a new artificial-intelligence model intended for ChatGPT and Codex, after internal testing found that it fell short of the company's safety and alignment requirements, including its ability to stay within authorized boundaries and accurately describe its actions. 
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Oracle Stock Plunges as ‘Force Majeure’ Notice Raises New Data Center Concerns
Oracle shares fell nearly 5.5% in early trading Thursday after Bloomberg reported that the technology company had invoked a "force majeure" provision to protect itself from potential costs associated with delays at Project Jupiter, its massive artificial-intelligence data center development in New Mexico. 
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Dunham-Bush Wins MIEAD Malaysian HVAC&R Industry Leadership Excellence Award
Malaysia's heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry is ushering in a new wave of demand shifts. 
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Meta’s Muse Used Human Contractors for AI Phone Calls, Triggering Internal Privacy Backlash
Meta has been quietly testing human assistance behind some phone calls made through its new Muse artificial-intelligence assistant, exposing a gap between the autonomous capabilities the company is promoting and the practical limits of current AI systems. The experiment, detailed by Reuters, prompted internal objections from employees who warned that outside contractors could gain access to sensitive user information. 
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AMD Joins $1 Trillion Club as AI Boom Drives 24% Stock Rally in Five Days
Advanced Micro Devices surpassed $1 trillion in market capitalization for the first time Monday, joining a small group of technology companies whose valuations have been propelled by Wall Street's enthusiasm for artificial intelligence. The milestone followed a five-session rally that lifted AMD shares roughly 24%, as investors increased their bets on the chipmaker's expanding data center business. 
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Saudi Aramco Tells European Buyers No Crude Is Available for October, Sending Oil Back Above $100
Saudi Aramco has told European refiners they won't receive contracted crude shipments next month as damage to Saudi Arabia's East-West pipeline deepens a supply crunch already aggravated by disruptions in the Strait of Hormuz and growing threats to Red Sea shipping, according to Bloomberg. Oil prices erased steep early losses following the report. 
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Warren Buffett Steps Down as Berkshire Chairman at 96, Ending Six-Decade Leadership Era
Warren Buffett is stepping down as chairman of Berkshire Hathaway, ending another chapter of his six-decade stewardship of the $1.1 trillion conglomerate nine months after Greg Abel succeeded him as chief executive. Buffett's son Howard Buffett will become chairman, separating oversight of Berkshire's board from the day-to-day leadership now held by Abel. 
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Zuckerberg Says Meta Delayed Muse for Months but Rejects Calls for Industrywide AI Slowdown
Meta CEO Mark Zuckerberg pushed back against calls for a coordinated slowdown in frontier artificial-intelligence development, arguing that AI companies already have powerful commercial and legal incentives to make their systems safe and aligned with users. 
