How the once-promising EV maker went bottom-up
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, …
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Corporate card unicorn Payhawk plans acquisitions to expand in US
Saravutvanset | Room | Getty Images AMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big …
Activist Elliott takes $2.5 billion stake in Texas Instruments
A Texas Instruments sign in Dallas, June 14, 2023. Katie Tarasov Elliott, the $65 billion hedge fund best known for its shareholder activism, has made a $2.5 billion investment in …
Navan is not far from IPO, on track for 2024 profitability, CEO says
TripActions CEO Ariel Cohen TripActions The boss of travel and expense management platform Navan told CNBC he’s preparing the company to get its business into shape for an eventual initial …
Laid-off techies struggle to find jobs with cuts at highest since 2001
The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, …
Microsoft introduces Copilot AI chatbot for finance workers
Charles Lamanna, corporate vice president for business applications and platforms at Microsoft, speaks at a press event in San Francisco on Feb. 28, 2024. Jordan Novet | CNBC Microsoft on …
Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high
L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images | Getty Images The S&P 500 is trading at …
AI hiring frenzy to fuel layoffs in other tech segments this year
Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, …
EBay to slash about 1,000 roles, or 9% of full-time employees
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time …
Aleph Alpha raises $500 million to build a European rival to OpenAI
GPT-4 sign on website displayed on a laptop screen and OpenAI logo displayed on a phone screen are seen in this illustration photo taken in Poland on March 14, 2023. …