Baidu’s AI Business Passes 40% of Revenue for the First Time
For the first time, more than four of every ten yuan Baidu takes in comes from AI. The company’s AI-powered business grew 49% from a year earlier to 13.6 billion…
Samsung Chairman Apologizes as Union Readies an 18-Day Strike
SEOUL — Lee Jae-yong stood at a lectern on May 16 and apologized for what he called Samsung Electronics’ “internal problems,” a rare act of public contrition from a chairman…
FANUC Deepens Nvidia Ties in Race to Teach Robots New Skills
OSHINO, Japan — On a factory floor at the foot of Mount Fuji, a robot arm recently learned something new: how to pick oddly shaped parts out of a bin,…
Starbucks to Cut 300 U.S. Jobs and Close Offices in Turnaround Push
SEATTLE — The email landed in inboxes on the morning of May 15, and by midday, employees at Starbucks’ regional offices were packing up desks that no longer had a…
Gates Foundation Sells Its Last Microsoft Shares, Filing Shows
SEATTLE — The final trade was small by the standards of the fortune it closed out. In the first quarter, the Bill & Melinda Gates Foundation Trust sold its remaining…
Meta to Cut More Than 10,000 Jobs as Zuckerberg Tightens the Belt
MENLO PARK, Calif. — Mark Zuckerberg’s message to Meta Platforms’ employees was blunt: the company’s best years of growth are behind it, and the people who survive the coming cuts…
OpenAI Quietly Bought Voice-Cloning Startup Weights.gg, People Familiar With the Matter Say
SAN FRANCISCO — Two years ago, OpenAI’s research team published a blog post describing something it would not let anyone use: a voice-replication system so realistic that the company decided…
Stellantis to Build Dongfeng Models at French Plant as Tariffs Reshape Auto Trade
PARIS — The factory in Rennes has survived crises before. Stellantis has repeatedly considered closing the La Janais plant, most recently in the years after the merger that created the…
NextEra in Talks to Buy Dominion Energy for About $66 Billion
NEW YORK — The two companies could not look more different on a map. NextEra Energy dominates the sun-soaked utility business of Florida, while Dominion Energy’s territory runs through the…
Eclipse Bets on Cerebras, Valuing the Wafer-Scale Chip Maker at $2.5 Billion
SAN FRANCISCO — The chip is the size of a dinner plate, and that is the point. While the rest of the industry slices silicon wafers into small rectangles, Cerebras…