Intel CEO Lip-Bu Tan sent a memo to employees Thursday informing them of significant ongoing layoffs and other cost-cutting measures. The company has struggled to maintain a competitive edge amid ongoing financial losses and strategic setbacks in the AI and semiconductor markets. “There are no more blank checks,” Tan wrote in a memo to employees, published by Reuters. “Every investment …
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By Arsheeya Bajwa, Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024 and laid out a blueprint of a more streamlined chip manufacturer. Shares of Intel jumped roughly 2% in extended trading. The Santa Clara, California-based …
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Breakfast in New York, midmorning snack in London. Taxi tests are underway on a highly anticipated supersonic plane designed to quietly break the sound barrier — and slash flight time between New York and London in half. The X-59 jet, dubbed the “son of Concorde,” is one step closer to takeoff after the experimental aircraft taxied on a California runway …
Read More »Trump wants cane sugar in Coke, but corn group warns that’ll slash jobs Axios Coca-Cola may swap out high-fructose corn syrup with cane sugar, Trump says. Is that healthier? CNN Trump says Coca-Cola is switching from high-fructose corn syrup to cane sugar. Is it better for you? ABC News – Breaking News, Latest News and Videos Make Coca-Cola Great Again The Atlantic Coca-Cola dodges …
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Volvo CEO Hakan Samuelsson urged the European Union to slash its auto tariffs on the US — an apparent bid to sway President Trump to lower his own hefty duties on foreign vehicles. The automaker, which is majority-owned by China’s Geely Holding, currently faces a steep 27.5% tariff on its imports. The EU, meanwhile, has a 10% tariff on American-made …
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Blockbuster weight loss drugs could slash the risk of developing memory-robbing dementia, a major study suggests. Researchers in Ireland analyzed clinical trials of nearly 165,000 taking drugs to lower their glucose (blood sugar) and treat diabetes. The team found most glucose-lowering treatments had no significant impact on dementia risk. However, people taking GLP-1 agonists like Ozempic and Wegovy were 45 …
Read More »AI Designs New Material To Cool Your Home and Slash Energy Bills SciTechDaily Source link
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