Jars of Nescafe Instant coffee, part of food giant Nestle’s portfolio, sit on a supermarket shelf in Encinitas, California, U.S., September 2, 2025. Mike Blake | Reuters Nestle said Thursday it will cut 16,000 jobs as the firm’s new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant. In a bid…
The TSMC logo is displayed on a building in Hsinchu, Taiwan April 15, 2025. Ann Wang | Reuters Taiwan Semiconductor Manufacturing Company on Thursday reported a 39.1% increase in third-quarter profit from last year, beating estimates and hitting a fresh record as demand for artificial intelligence chips stayed strong. Here are the company’s results versus…
Liquid cooled servers in an installation at the Global Switch Docklands data centre campus in London, UK, on Monday, June 16, 2025. Bloomberg | Bloomberg | Getty Images Europe’s ambitious artificial intelligence strategy is at risk of colliding with an often overlooked but critically important environmental issue: water scarcity. The European Union has big plans…
The India-flagged oil tanker Desh Ujaala is pictured in the Gulf waters near Al-Basrah Oil Terminal (ABOT), about 50 kilometres offshore of Iraq’s southern Faw peninsula, on August 5, 2025. Hussein Faleh | AFP | Getty Images U.S. President Donald Trump said Wednesday that Indian Prime Minister Narendra Modi told him New Delhi will stop…
Australia, Victoria, Melbourne, buildings on bank of Yarra river Peter Adams | Stone | Getty Images South Korea’s Kospi index hit a record high Thursday, after the International Monetary Fund raised its 2025 growth forecast for the country to 0.9% from 0.8% in its October outlook report. Overall, the IMF raised its growth projection for…
As U.S. states start to react to growing constituent concerns around the risks associated with artificial intelligence use, Tennessee Republican Sen. Marsha Blackburn said moving forward with a federal preemption standard is “imperative.” Earlier this week, California Gov. Gavin Newsom signed a series of bills focused on those concerns — while also vetoing some strict…
Arm Holdings CEO Rene Haas told CNBC’s Jim Cramer on Wednesday that moving some AI functions away from the could help reduce energy usage. Over time, he suggested, a large number of multi-gigawatt data centers won’t be sustainable. “You look to yourself, well, what are the kind of things that need to happen? I think…
Marc Benioff, chief executive officer of Salesforce Inc., speaks during the 2025 Dreamforce conference in San Francisco, California, US, on Tuesday, Oct. 14, 2025. Michael Short | Bloomberg | Getty Images Salesforce shares rose as much as 5% in extended trading on Wednesday after the software vendor issued new financial targets for the next few…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI CEO Sam Altman said Wednesday that the company is “not the elected moral police of the world” after receiving backlash…
US President Donald Trump speaks during a press conference in the Oval Office of the White House in Washington, DC on Oct. 15, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Wednesday said he may go to the Supreme Court to hear oral arguments in the major tariffs case that could…
