Jonathan Wong
The Latest
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Volkswagen Plans Up to 100,000 Job Cuts as CEO Oliver Blume Warns Cost-Cutting ‘Is Not Over’
Volkswagen is preparing for potentially tens of thousands of additional job cuts as Chief Executive Oliver Blume warns employees that the German automaker's cost-cutting campaign "is not over," intensifying a restructuring aimed at closing a widening competitiveness gap with lower-cost rivals in Europe and China. 
Volkswagen is preparing for potentially tens of thousands of additional job cuts as Chief Executive Oliver Blume warns employees that the German automaker's cost-cutting campaign "is not over," intensifying a restructuring aimed at closing a widening competitiveness gap with lower-cost rivals in Europe and China. -
Elon Musk Warns AI Could Become Uncontrollable as SpaceX Pushes $60 Billion Cursor Deal to Catch Rivals
Elon Musk told employees of newly acquired Cursor that artificial intelligence could eventually become too advanced for humans to control, while pressing the AI coding company's engineers to help SpaceX catch faster-moving competitors, according to The Information. The remarks came after SpaceX completed its $60 billion acquisition of Cursor, putting more than 1,000 of its employees inside Musk's expanding technology operation. 
Elon Musk told employees of newly acquired Cursor that artificial intelligence could eventually become too advanced for humans to control, while pressing the AI coding company's engineers to help SpaceX catch faster-moving competitors, according to The Information. The remarks came after SpaceX completed its $60 billion acquisition of Cursor, putting more than 1,000 of its employees inside Musk's expanding technology operation. -
Alibaba Raises $10.2 Billion for AI Expansion, Sending Hong Kong Shares Down as Much as 10.5%
Alibaba Group raised HK$80 billion, equivalent to about $10.2 billion, through a major share placement to finance its accelerating artificial-intelligence push, sending its Hong Kong-listed shares sharply lower Monday as investors absorbed the dilution from 710 million new shares. 
Alibaba Group raised HK$80 billion, equivalent to about $10.2 billion, through a major share placement to finance its accelerating artificial-intelligence push, sending its Hong Kong-listed shares sharply lower Monday as investors absorbed the dilution from 710 million new shares. -
Apple Cuts at Least 60 Vision Jobs as AI and Siri Take Priority Over Next Vision Pro
Apple has laid off at least 60 employees connected to its Vision organization, according to AppleInsider, the latest sign that the iPhone maker is scaling back its near-term ambitions for the Vision Pro headset while directing more resources toward generative artificial intelligence, Siri and smart glasses. 
Apple has laid off at least 60 employees connected to its Vision organization, according to AppleInsider, the latest sign that the iPhone maker is scaling back its near-term ambitions for the Vision Pro headset while directing more resources toward generative artificial intelligence, Siri and smart glasses. -
Walmart Stock Plunges 7.5% Despite 5.9% Revenue Growth and Higher Full-Year Outlook
Walmart shares tumbled about 7.5% in premarket trading Thursday despite stronger-than-expected quarterly results and an improved full-year forecast, as investors focused on softer U.S. comparable sales and signs that consumers remain under pressure from higher living costs. 
Walmart shares tumbled about 7.5% in premarket trading Thursday despite stronger-than-expected quarterly results and an improved full-year forecast, as investors focused on softer U.S. comparable sales and signs that consumers remain under pressure from higher living costs. -
Trump’s Swollen, Bruised Hand Draws Attention as White House Points to Aspirin and Handshaking
President Donald Trump displayed a visibly swollen and bruised right hand during two White House appearances this week, renewing attention on a condition the administration has previously attributed to frequent handshaking and his long-term daily use of aspirin. 
President Donald Trump displayed a visibly swollen and bruised right hand during two White House appearances this week, renewing attention on a condition the administration has previously attributed to frequent handshaking and his long-term daily use of aspirin. -
43% of Managers Using AI for Layoffs Let Algorithms Make Final Decisions Without Human Review
Artificial intelligence is moving deeper into one of corporate America's most consequential decisions: who gets fired. A July survey found that 59% of managers who responded use AI when making layoff decisions, while 43% of those users said they had allowed the technology to make a final termination decision without human review. 
Artificial intelligence is moving deeper into one of corporate America's most consequential decisions: who gets fired. A July survey found that 59% of managers who responded use AI when making layoff decisions, while 43% of those users said they had allowed the technology to make a final termination decision without human review. -
Anthropic Revenue Surges Past $11.5 Billion as Blockbuster IPO Takes Shape
Anthropic generated more than $11.5 billion in preliminary second-quarter revenue, a more than 14-fold increase from a year earlier, as the Claude developer moves closer to a potential initial public offering that could become one of the largest technology listings on record. 
Anthropic generated more than $11.5 billion in preliminary second-quarter revenue, a more than 14-fold increase from a year earlier, as the Claude developer moves closer to a potential initial public offering that could become one of the largest technology listings on record. -
Elon Musk Says AI Could Become 99% of SpaceX’s Value, With Revenue Set to Overtake Other Businesses by September
Elon Musk is predicting a rapid transformation at SpaceX, telling employees that artificial intelligence could generate more revenue than all of the company's other businesses combined as soon as September and eventually account for 99% of its value, an extraordinary shift for a company built around rockets, satellites and Starlink connectivity. Elon Musk is predicting a rapid transformation at SpaceX, telling employees that artificial intelligence could generate more revenue than all of the company's other businesses combined as soon as September and eventually account for 99% of its value, an extraordinary shift for a company built around rockets, satellites and Starlink connectivity. -
iPhone 18 Pro Component Costs Could Jump 38%, but Apple May Absorb Part of the Increase
Apple could face a roughly 38% year-over-year increase in the bill of materials for the 256GB iPhone 18 Pro, according to TrendForce, as sharply higher memory prices reshape the economics of its flagship smartphone. The cost surge raises the odds of a retail price increase, but the research firm says Apple may absorb part of the pressure through lower gross margins rather than pass the entire increase on to consumers. 
Apple could face a roughly 38% year-over-year increase in the bill of materials for the 256GB iPhone 18 Pro, according to TrendForce, as sharply higher memory prices reshape the economics of its flagship smartphone. The cost surge raises the odds of a retail price increase, but the research firm says Apple may absorb part of the pressure through lower gross margins rather than pass the entire increase on to consumers.
