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Friday, January 16, 2026

Tag: AI investment

Meta, Citigroup, BlackRock Announce Layoffs in Early 2026

Major companies Meta, Citigroup, and BlackRock have started 2026 with job cuts, signaling continued corporate restructuring and a shift towards AI and cost efficiency.

OpenAI Invests in Thrive Holdings to Boost AI in Business Services

OpenAI partners with Thrive Capital's fund to accelerate AI adoption in accounting and IT, aiming for faster, more efficient business operations.

Amazon’s $50 Billion AI Investment for US Government Agencies

Amazon Web Services plans $50 billion expansion to boost AI and supercomputing capabilities for US government, transforming federal technology infrastructure.

Amazon Layoffs 2025: 40% Engineers Cut in Major Restructuring

Amazon eliminates 14,000 corporate roles with engineers comprising 40% of layoffs as company shifts focus to AI and efficiency measures.

OpenAI Faces $74B Loss by 2028 as Anthropic Nears Profitability

Internal projections reveal OpenAI's massive $74 billion loss forecast for 2028, while rival Anthropic achieves profitability with smarter business strategy.

Larry Page Overtakes Jeff Bezos as World’s Third Richest After AI Boom

Google co-founder Larry Page surpasses Jeff Bezos with $238.5 billion net worth after Alphabet shares surge on Gemini 3 AI launch, reshaping billionaire rankings.

SoftBank Invests $3 Billion in Ohio Factory for OpenAI Data Centers

Japanese conglomerate transforms EV plant to manufacture modular data center equipment for OpenAI's massive AI infrastructure expansion.

Major Layoffs Continue Across Industries Amid Economic Pressures

Companies including Amazon, Microsoft, and GM are cutting thousands of jobs due to restructuring, AI investments, and economic uncertainty. See which sectors are affected.

SoftBank Plans $3B Ohio EV Plant Conversion for OpenAI Data Centers

SoftBank is investing $3 billion to transform an Ohio EV factory into a production hub for OpenAI's modular data center equipment, signaling a major AI infrastructure push.

Sundar Pichai Warns No Company Safe From AI Bubble Burst

Google CEO reveals AI market shows elements of irrationality and warns users not to blindly trust chatbots. Key insights from his BBC interview.

Saudi Arabia Partners with Elon Musk, AWS in Multi-Billion Dollar AI Push

Saudi Arabia announces massive AI partnerships with US tech giants including xAI and Amazon Web Services, positioning itself as key player in global AI expansion with $1 trillion US investment.

Satya Nadella India Visit: Microsoft CEO to Meet PM Modi, Discuss AI Push

Microsoft CEO Satya Nadella's 3-day India tour includes meetings with PM Modi and key ministers to advance AI infrastructure and digital skilling initiatives.