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SAP Slows Hiring, Freezes Travel As AI Push Accelerates
SAP Slows Hiring, Freezes Travel As AI Push Accelerates
Not even a day after reports swirled that Microsoft was preparing to cut thousands of employees, and as the broader tech sector continues to hemorrhage white-collar workers replaced by chatbots, the latest AI-related job-displacement news is coming from Europe's largest software company.
Bloomberg reports that German enterprise software giant SAP, best known for software that supports large corporations running core business operations, is preparing to slow hiring and cut travel costs as it diverts more capital toward developing AI tools.
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Jul 8, 2026 / Tyler Durden
Stellar 10Y Auction Stops Through, With 3rd Highest Foreign Demand On Record
Stellar 10Y Auction Stops Through, With 3rd Highest Foreign Demand On Record
Following yesterday's stellar 3Y auction, moments ago - with yields surging to the highest level since mid-May - the Treasury completed the sale of $39BN in a 9 Year 10 Month reopening of 10Y cusip QQ7, in what was another spectacular auction.
The note sale, which priced just after 1pm ET, stopped at a high yield of 4.580%, up from last month's 4.538%, and stopped through the When Issued 4.586% by 0.6bps, the biggest stop through since Sept '25.
The...
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Feb 19, 2026 / Tyler Durden
New OpenAI Funding Round Could Top $100 Billion, Pushing Valuation North Of $850 Billion
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...
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Apr 1, 2026 / Tyler Durden
"No One Knows What Will Happen Now": Justice Jackson Warns Against Unbridled Free Speech
"No One Knows What Will Happen Now": Justice Jackson Warns Against Unbridled Free Speech
Authored by Jonathan Turley,
Justice Ketanji Brown Jackson is again warning of a growing threat to the nation. In her lone dissent in Chiles v. Salazar, Jackson observed that “to be completely frank, no one knows what will happen now.” The ominous tone stemmed from the fact that free speech had prevailed over state-imposed orthodoxy in a Colorado case.
Eight justices, including her two liberal colleagues, ruled that Colorado could not prevent licensed counselors from “any practice or treatment”...
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