Jonathan Wong

Jonathan Wong

The Latest

  • Meta Cuts Thousands More Jobs as Mark Zuckerberg Says AI Future ‘Isn’t a Given’
    Zuckerberg says Facebook's failure to remove militia page an 'operational mistake'
    Meta CEO Mark Zuckerberg warned employees that success "isn't a given" as the social media giant pressed ahead with thousands of layoffs, deepened its investment in artificial intelligence and faced growing internal unrest over workplace data collection tied to AI training.
  • Walmart Warns High Gas Prices Are Squeezing Shoppers as Quarterly Revenue Climbs 7% to $177.8 Billion
    SORE LOSER?
    Walmart warned Thursday that rising fuel costs and persistent inflation are beginning to weigh more heavily on American consumers, as the retail giant issued weaker-than-expected earnings guidance despite posting strong quarterly sales growth and continued momentum in e-commerce.
  • Jeff Bezos Pushes Zero Federal Income Tax for Bottom 50% as Trump Tax Debate Intensifies
    Jeff Bezos
    Jeff Bezos has entered the escalating national debate over tax policy with a proposal likely to reverberate through Washington ahead of the 2026 budget cycle: eliminate federal income taxes entirely for the bottom half of American earners.
  • Nvidia Q1 Profit Jumps 140% as $75 Billion Data Center Boom Calms AI Bubble Fears
    Nvidia
    NVIDIA delivered another blockbuster quarter Wednesday, reporting a 140% jump in adjusted earnings and an 85% surge in revenue as explosive demand for artificial intelligence infrastructure helped ease growing concerns that the AI investment frenzy was becoming detached from economic reality.
  • OpenAI Could File IPO Paperwork as Early as Friday, WSJ Reports
    OpenAI Raises $6.5 Billion in Landmark Funding, Valuation Skyrockets to $157 Billion Amid Fierce AI Competition (CEO Sam Altman)
    OpenAI is preparing to confidentially file paperwork for a potential initial public offering as early as Friday, according to a Wall Street Journal report citing people familiar with the matter, a move that would push the ChatGPT maker closer to one of the most closely watched stock market debuts in the technology sector.
  • Elon Musk Vows Appeal After OpenAI Wins Court Fight Over $38 Million Founding Dispute
    Elon Musk
    Elon Musk said he will appeal a California court ruling that dismissed his lawsuit against OpenAI and its top executives, escalating a legal battle over whether the company abandoned the nonprofit principles on which it was founded.
  • Elon Musk Loses OpenAI Lawsuit as Jury Rejects Claims Against Sam Altman and Microsoft
    Elon Musk Warns He Now Ranks Just Behind Trump on America’s Assassination Target List
    Elon Musk suffered a major legal defeat Monday after a federal jury in Oakland found that OpenAI and its leadership could not be held liable in a closely watched lawsuit challenging the company's transformation from a nonprofit research lab into one of the world's most valuable artificial intelligence businesses.
  • Trump Reports 3,642 Q1 Stock Trades With $1M Bets on Nvidia, Apple and Oracle During Market Turmoil
    Trump Says He May Declassify ‘Alien’ Files After Accusing Obama of Sharing Classified Information
    Donald Trump disclosed more than 3,600 stock trades during the first quarter of 2026, according to newly filed ethics documents that reveal aggressive buying across major technology and financial companies during one of the year's most volatile market stretches.
  • Texas Sues Netflix, Accuses Streaming Giant of Secret User Surveillance and Manipulative Autoplay Practices
    Netflix
    Netflix is facing a lawsuit from the state of Texas accusing the streaming giant of secretly collecting consumer data, sharing user information with advertising firms and using manipulative platform features designed to keep viewers watching.
  • Nvidia CEO Jensen Huang Says AI Will ‘Reindustrialize America’ as Meta, Amazon and Coinbase Slash Jobs
    Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas
    NVIDIA Chief Executive Jensen Huang used a commencement speech at Carnegie Mellon University to cast artificial intelligence as a transformational force capable of rebuilding American industry, even as major technology companies continue eliminating thousands of jobs in the name of AI-driven efficiency.
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