2023 Layoffs: Spotify Slashes 6% Of Jobs In Latest Tech Onslaught

Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route Via Middle East Eye Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye. Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel. via AFP Saudi Arabian Crown Prince Mohammed bin Salman has...

New OpenAI Funding Round Could Top $100 Billion, Pushing Valuation North Of $850 Billion OpenAI's private valuation could soon top $850 billion, as the first tranche of a new funding round is expected to raise more than $100 billion, giving the ChatGPT maker fresh powder for additional infrastructure spending and faster development of its AI tools, Bloomberg reported. People familiar with the fundraising told the outlet that the ChatGPT maker's valuation could exceed $850 billion, with a reported pre-money valuation of $730 billion. The first phase of the funding round is being...

Tech Bosses To Meet At White House, Pledge Their Data Centers Won't Boost Electricity Bills Authored by Jacki Thrapp via The Epoch Times (emphasis ours), Leaders in big tech are expected to meet with President Donald Trump at the White House next week to pledge that their data centers will not increase the energy bills of Americans living near the facilities. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen. Justin Tallis/AFP via Getty Images “Major tech companies will join President Trump at the...