Netflix acquires Warner Bros. Discovery’s Film Studios and HBO Max assets in $72 billion deal
In a stunning, culture-shifting move, Netflix has officially agreed to acquire the film and television studios and streaming division of Warner Bros. Discovery (WBD) in a massive cash-and-stock deal valued at $72 billion (with a total enterprise value of approximately $82.7 billion). Editorial credit: Savvapanf Photo / Shutterstock.com The agreement, announced Friday, follows a weeks-long bidding war and hands control of one of Hollywood's oldest and most prestigious assets,
First DSA strike: EU fines Elon Musk’s X €120 million for breaching digital laws
The European Commission has delivered its first major enforcement action under the landmark Digital Services Act (DSA), slapping a €120 million ($140 million) fine on Elon Musk’s social media platform, X. The penalty follows a two-year investigation that found X in breach of key transparency and user protection obligations. Editorial credit: Melinda Nagy / Shutterstock The ruling is set to escalate the ongoing transatlantic tension over digital regulation, with Musk and some
The loophole Chinese tech giants are using to train AI with restricted NVIDIA GPUs
Chinese technology companies have devised an ingenious way to circumvent Trump’s AI Chip export controls, opting to train their most powerful Artificial Intelligence models in data centers located outside of mainland China. According to a new FT Report, major players like Alibaba and ByteDance have been leasing significant computing power in facilities across Southeast Asia, primarily in Singapore and Malaysia. This offshore training allows them to access high-end NVIDIA GPUs
Software developers hit hard in Amazon’s mass layoffs announced last month
New state regulatory filings have revealed that engineering roles bore the brunt of Amazon's deepest-ever round of corporate layoffs, with more than 1,800 engineers eliminated in the most recent cuts. The data underscores a major strategic shift as the e-commerce giant aims to become leaner, streamline bureaucracy, and aggressively invest in artificial intelligence (AI). The figures, compiled from Worker Adjustment and Retraining Notification (WARN) filings in key states incl
It’s not a bubble, Nvidia CEO says as company crushes Wall Street expectations again
Nvidia CEO Jensen Huang firmly dismissed mounting investor anxieties over an "AI bubble" this week, arguing that the company's continuous, record-breaking financial results are proof of a fundamental, structural transformation in global computing. The statement came after the AI chip giant yet again crushed Wall Street expectations for the third quarter of fiscal year 2026. Nvidia reported record revenue of $57.0 billion, a staggering 62% jump year-over-year, and issued stron
