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All articles tagged with #technology industry

Robinhood Prunes 10% of Workforce to Flatten Its Organization
business27 days ago

Robinhood Prunes 10% of Workforce to Flatten Its Organization

Robinhood announced a 10% workforce reduction as part of flattening its organizational structure to reduce bureaucracy and accelerate growth, with CEO Vlad Tenev saying the business is strong and that hiring will continue strategically while investing in frontier technologies; the company had about 2,900 full-time employees at end-2025, and while specific teams affected weren’t disclosed, the move aligns with the broader tech industry trend of flattening management layers to increase agility.

via Business Insider|
#business#great-flattening#layoffs
business1 month ago

Supermicro to raise up to $7B through equity offerings to back AI orders

Super Micro Computer priced concurrent equity and equity-linked financings totaling up to $7.0 billion (including an ATM program), issuing 45.45 million common shares at $27.50 and 75 million depositary shares representing 1/20 of a 7.0% series A mandatory convertible preferred stock; net proceeds are about $4.9 billion ($1.22B from common stock and $3.68B from depositary shares) with an additional ATM up to $1.25B, to fund roughly $39 billion of AI server orders and other corporate needs. Closings are expected in mid-June 2026, and Nasdaq listings for the depositary shares will trade under SMCIP.

via Supermicro|
#ai#business#corporate-news
White House weighs federal oversight for new AI models with industry leaders
technology2 months ago

White House weighs federal oversight for new AI models with industry leaders

White House officials are reportedly forming an AI oversight working group with tech industry leaders and government representatives to outline formal review procedures for new AI models entering the market. The discussions, including attendees from Anthropic, Google, and OpenAI, consider which agencies would lead oversight (potentially NSA, the White House National Cyber Director, and the director of national intelligence) and even revived ideas like the Center for AI Standards and Innovation, signaling a shift toward federal AI regulation despite earlier regulatory stances.

via Mashable|
#artificial-intelligence#government-policy#regulation
US-China Tensions Over Rare Earths and the Quest for Supply Security
world7 months ago

US-China Tensions Over Rare Earths and the Quest for Supply Security

Tensions between the US and China over yttrium, a crucial rare earth metal used in advanced technologies, are escalating due to China's export restrictions and control over the global supply chain, threatening to slow down industries like aerospace and semiconductors. The US is attempting to diversify sources and develop domestic production, but China's dominance and strategic measures pose significant challenges to global technological progress.

via WIRED|
#rare-earth-metals#supply-chain#technology-industry
San Antonio Tech Innovator David Monroe Killed in Jet Engine Accident
technology9 months ago

San Antonio Tech Innovator David Monroe Killed in Jet Engine Accident

David Monroe, a renowned inventor credited with creating the cellphone camera and founding the San Antonio Museum of Science and Technology, was killed in a workplace accident at Port San Antonio, where a large piece of equipment fell on him. Monroe was a prolific innovator with over 54 patents and a dedicated advocate for science and technology education. His contributions to the tech industry and his community were widely recognized, and his death is a significant loss to the local and global tech community.

via San Antonio Report|
#david-monroe#invention#port-san-antonio
Samsung Electronics Union Announces Historic First Strike
business2 years ago

Samsung Electronics Union Announces Historic First Strike

The National Samsung Electronics Union has called for the first-ever strike at Samsung Electronics, urging its 28,000 members to use their paid leave on June 7, with the possibility of a full-scale strike in the future. The union demands a 6.5% pay rise and a bonus linked to company earnings, amid ongoing wage negotiations that have yet to reach an agreement. Analysts warn that a full-scale strike could disrupt Samsung's chip manufacturing and global electronics supply chains. Samsung Electronics' shares fell by about 2% following the announcement.

via BBC.com|
#business#labor-dispute#samsung-electronics