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Check out what’s clicking on FoxBusiness.com. Amazon is planning to cut nearly 10% of its corporate workforce beginning Tuesday as part of an internal restructuring, Reuters reported, citing three sources. The reported layoffs, affecting roughly 30,000 employees, would mark the largest reduction in Amazon’s corporate workforce in the company’s history, surpassing the roughly 27,000 positions eliminated in late 2022 and early 2023, according to layoff tracking site Layoffs.fyi.Sources told Reuters that Amazon has been working to reduce expenses and correct overhiring that took place during the pandemic’s surge in demand. The cuts may impact several divisions, including Human Resources, known…
The Alan Turing Institute Chair has told the BBC there is “no substance” to a number of serious accusations which rocked the organisation in the summer.In August, whistleblowers accused the charity’s leadership of misusing public funds, overseeing a “toxic internal culture”, and failing to deliver on its mission.They said the Turing Institute, the UK’s national body for artificial intelligence (AI), was on the brink of collapse after Peter Kyle, the then technology secretary, threatened to withdraw its £100m funding.But speaking exclusively to the BBC, Chair Dr Doug Gurr said the whistleblower claims were “independently investigated” by a third party which…
For those who appreciate numbers … updated results from two of the events we covered while they were in progress over the weekend: (Sunday photo by Oliver Hamlin for WSB) CHILI COOKOFF: The West Seattle Junction Harvest Festival‘s tastiest event brought in $5,700 for the West Seattle Food Bank, WSFB’s Robbin Peterson tells WSB. (If you missed the winner announcement in our as-it-happened festival coverage on Sunday – The Westy got the most votes, followed by Husky Deli and Easy Street>.) (Saturday photo by WSB’s Anne Higuera) DRUG TAKEBACK DAY: Southwest Precinct fill-in crime-prevention coordinator Matthew Brown reports that on…
Niles Investment Management founder and portfolio manager Dan Niles discusses Tesla’s potential $1 trillion compensation plan for Elon Musk on ‘The Claman Countdown.’ Elon Musk’s artificial intelligence company, xAI, launched its early version of Grokipedia Monday, which is said to be an AI-generated encyclopedia to compete with Wikipedia. The billionaire Tesla founder, who has long criticized Wikipedia for what he calls “editorial bias,” previously described Grokipedia as a more “truthful and independent alternative.” FOX NEWS AI NEWSLETTER: TRUMP ORDER HARNESSES AI TO FIGHT CHILDHOOD CANCER A 3D-printed miniature model of Elon Musk and the xAI logo is seen in this illustration…
Astro Teller, CEO of X, Alphabet’s “moonshot factory,” where the company incubates the nearly impossible, shared a look into what makes a moonshot and detailed the company’s “fail fast” mantra at the TechCrunch Disrupt 2025 conference on Monday. Notable companies that started out as moonshots from X’s moonshot factory include Waymo and Wing. Teller noted that X has a “2% hit rate,” which means that most of the things the company tries don’t work out, and that’s okay. He said X defines a moonshot as having three specific components. The first is that it needs to attempt to solve a…
The blustery winds and widespread power outage that left some bars darkened and some bars miraculously still lit somewhat dampened the Hilloweekend spirit. The calendar may have also had something to do with it. The weekend before Halloween on Capitol Hill often brings some of the most intense revelry of the holiday — especially when October 31st falls on, say, a Wednesday or a Thursday. But in 2025 when Halloween aligns with a Friday night, the sexy ghosts, sexy bats, sexy Spidermen, sexy witches, sexy warlocks, sexy Bugonias, and sexy Zohran Mamdanis seem to have been mostly keeping their powder…
Democrats grappled Monday with the first major fraying of their coalition amid the government shutdown, with a federal employee union calling for them to stand down four weeks into the standoff. There was no immediate surrender from party leaders, but the union’s plea forced many Democratic lawmakers into a defensive crouch. Their No. 2 Senate leader said it would be a subject of internal conversations this week with bipartisan talks all but ground to a halt. “It has a lot of impact. They’ve been our friends,” Sen. Dick Durbin (D-Ill.) told reporters Monday, adding that Democrats “take them seriously.” The…
Check out what’s clicking on FoxBusiness.com. LSU’s firing of head football coach Brian Kelly brings about a big issue other than finding the right replacement for him. Kelly was only in his fourth season of a 10-year, $100 million contract he signed to coach the Tigers after leaving Notre Dame. And of that $100 million, 90% of it was guaranteed money. So, LSU and Kelly are reportedly in negotiations about how the university is going to buy him out of his contract, and it is expected to be one of the highest in college football history. But not the highest. CLICK HERE…
At TechCrunch Disrupt 2025, Sequoia managing partner Roelof Botha argued that the venture industry isn’t an asset class, and that throwing more money into Silicon Valley doesn’t lead to better companies. “Investing in venture is a return-free risk,” Botha said during an interview on TechCrunch’s Disrupt’s main stage on Monday. “Anybody who’s studied the capital asset pricing model understands the joke of that. The reason I came up with this is, if you look at the history of venture capital, it’s an asset that’s uncorrelated with other asset classes.” “And so the thinking for many allocators was you should allocate…
4:59 PM: It’s not blocking traffic but the response soon might – a driver has gone onto the sidewalk and (reportedly lightly) hit the building on the northeast corner of 16th/Roxbury, as shown in the traffic-cam screengrab above. 5:06 PM: Live camera shows police now have the adjacent – westbound outside – lane on Roxbury blocked. 5:19 PM: Tow truck just arrived. Apparently no major injuries, since SFD canceled quickly. Source link