CoreWeave‘s stock dropped 18% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a loss of 21 cents per share expected by analysts polled by LSEG. CoreWeave’s results came as…
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its…
As AI replaces human roles, the tech sector could lose as many as 235 000 positions this year. Amazon has warned that artificial intelligence (AI), specifically generative AI (GenAI), will trim its workforce as the technology will “change the way our work is done”. The company, the world’s fourth most valuable in terms of market…
