American tech conglomerate; parent company of Google and more
Microsoft has announced 4,800 job cuts companywide and a 3,200-role reduction across Xbox, with 1,600 Xbox positions eliminated immediately. Xbox will divest or spin out five studios, flatten management layers and refocus on its biggest franchises as Microsoft shifts resources toward costly AI investments and higher-priority businesses.
The Bank of England has voted 8-1 to hold Bank Rate at 3.75% and has published three scenarios showing higher near-term inflation because of the Iran war and energy-price shock. Governor Andrew Bailey has said the path for policy will depend on the size and duration of the energy shock; chief economist Huw Pill has dissented for a 0.25pp rise.
Global stock markets remain near all-time highs even as Bank of England deputy governor warns of a potential correction. Analysts highlight risks from private credit, AI stock valuations, and geopolitical tensions, while strategists expect catalysts and earnings trends to shape the path ahead.
The government has a public consultation closing soon on measures to curb online harms for young people. Campaigners have urged a safety-first approach, with proposals ranging from under-16 bans on risky features to age checks and app curfews. Officials are preparing potential steps to be announced this summer.
European startups are launching new, independent social networks as concerns over U.S. platforms grow. Projects like Croatia-based eYou, W, Eurosky, Bulle, and Monnett are positioning as healthier, Europe-built alternatives amid debate on design practices, moderation, and data use. Investors report cautious early traction but face a crowded, competitive market.
The UK CMA has required Google to give publishers tools to opt out of content being used to power AI features and to ensure clear attribution in AI-generated search results. The move strengthens publishers’ bargaining power and aims to boost trust in AI search, with a nine-month compliance window.
A wave of AI-related IPOs from SpaceX, Anthropic and OpenAI is unfolding, with markets facing a flood of new stock. Retail demand remains strong for SpaceX, but analysts warn supply could overwhelm demand, pressuring prices and testing market resilience.
A wave of local and state actions is shaping the data-center boom. New rules aim to curb power use, water consumption and cost pressures, while critics warn of overreach and uneven economic impacts.
SpaceX’s upcoming Nasdaq listing faces index inclusion hurdles as S&P 500 rules keep it out for now, while investors race into leveraged space ETFs and a rising tide of active funds reshapes the ETF landscape.
The UK government has announced plans to block children under 16 from major social media platforms and to restrict livestreaming and stranger contact on gaming services, following Australia’s model. Legislation is expected before Christmas with protections due to take effect in spring 2027; Ofcom will design "highly effective" age checks.
SpaceX has gone public, valuing the company at about $1.8 trillion to $2.4 trillion depending on measurement, driven by Musk’s ambitions in Mars colonization and satellite internet. Analysts question the sustainability of such pricing amid ongoing losses; investors are chasing hype as much as potential profits.
The government has announced plans to boost the visibility of trusted public service media on platforms like Facebook, YouTube and TikTok, aiming to counter misinformation. Proposals would require greater prominence for PSB content in feeds and search results, with potential crises-specific rules. Ministers are exploring widening PSB status and extending free-to-air protections for major sports on on-demand platforms.
Major tech firms have announced widespread workforce reductions while reporting record AI spending and rising head counts at heavy AI adopters. Oracle, Microsoft, Meta and others have cut roles and cited AI-driven change even as studies from Ramp/Revelio, SignalFire and Draup show engineering hires and entry-level roles growing at AI‑intensive firms and job listings shifting toward judgment and AI-tool fluency.
Tech stocks retreat after Micron’s results dim optimism for AI demand; Kospi sinks as memory-chip exposure bites—while mega-cap techs hold some ground.
Thales has agreed to pay €134 per Exail share, valuing the target at €3.9 billion, in a deal that includes a 44% premium to the pre-announcement price. Exail shares rose sharply ahead of the transaction.
The AI-driven shift is forcing brands to rethink online presence, with marketers stressing structured data and authentic content as AI search and recommendation engines gain influence. Firms are investing in content factories and cross-platform strategies as competition for visibility intensifies.
Federal regulators have issued a directive to autonomous vehicle developers demanding solutions after documenting multiple driverless cars entering or blocking emergency scenes. Separately, Waymo has alerted San Mateo police after a robotaxi reported two 15‑year‑olds drinking and firing Orbeez; officers have removed the teens and requested cabin video. California agencies are also pausing approval for Waymos new Ojai paid service while they review safety and underage‑riding controls.