Meta CEO Mark Zuckerberg says DeepSeek will ‘benefit’ the company and the future of its AI Meta CEO Mark Zuckerberg says DeepSeek will ‘benefit’ the company and the future of its AI business

Meta CEO Mark Zuckerberg spoke about DeepSeek in an all-hands meeting on January 30. Though DeepSeek may have caused panic among tech investors this week, Meta executives told staff on Thursday that the Chinese startup’s breakthrough could ultimately benefit Meta’s AI ambitions in the long run. In a Q&A during a Thursday company all-hands, Meta…

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Microsoft’s performance-based job cuts begin, termination letters show: Ousted workers lose healthcare and some say they get no severance

Satya Nadella, CEO of Microsoft, speaks on stage at the Build developer conference. Microsoft has started performance-based job cuts, according to termination letters viewed by B-17. Employees losing their jobs will see healthcare benefits end immediately, the letters state. In three specific cases, employees were told by Microsoft they’re not getting severance, according to people…

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Mark Zuckerberg said that Meta missed TikTok’s rise because it didn’t seem ‘social’ enough, leaked recording reveals

Meta CEO Mark Zuckerberg acknowledged the company was slow to respond to TikTok’s meteoric rise because executives didn’t view it as truly social, offering a rare window into how the tech giant missed one of social media’s biggest shifts in recent years. “When I look back on TikTok, I think part of the reason why…

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Churned customers, incriminating texts, and a CEO’s involvement: The latest claims from Yipit in its legal fight with rival M Science

Shutterstock Alternative-data giant Yipit laid out how damaging rival M Science’s “conspiracy” to steal its confidential information has been, according to new filings in New York federal court. The new amended complaint, filed in the federal district court in Manhattan, says Carlyle-backed Yipit has churned dozens of customers — including investment managers such as hedge…

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Private equity giant Apollo is bringing a red-hot corner of the market to the blockchain

Apollo has a new way to offer investors a chance to get into one of the hottest areas of financial markets, unveiling a tokenized fund on Thursday that brings investors private credit opportunities via blockchain. The private equity giant, which managed about $733 billion in assets, said it partnered with tokenization platform Securitize to launch…

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Inside Amazon’s plan to cut managers: More direct reports, fewer senior hires, and pay cuts

Amazon’s effort to whittle down middle management is taking shape. The company recently told some managers to increase their direct reports, make fewer senior hires, and down level or cut pay for some employees, according to people familiar with the matter and internal guidelines shared with a large sales team at Amazon Web Services. In…

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Trump criticizes FAA diversity efforts after deadly plane crash, even as he says he doesn’t know the cause yet

President Donald Trump at the White House on Thursday President Donald Trump and Vice President JD Vance on Thursday offered heated criticism of diversity initiatives at the Federal Aviation Administration following a deadly plane crash near Washington, DC. After calling for a moment of silence, Trump spent the bulk of his remarks in the White…

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The American Airlines crash is the nightmare scenario that pilots and aviation workers have long feared

Aviation experts warned a plane crash like the one on Wednesday was a risk of happening. Pilots and aviation workers have sounded alarm bells for years on the risks of midair collisions. Those fears became a reality on Wednesday when an American Airlines flight collided with a helicopter near Ronald Reagan Washington National Airport in…

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