Finance
Microsoft Dispels Retirement Rumors: Phil Spencer to Stay at Xbox Helm for Now
July 3, 2025 – Amid swirling rumors that Phil Spencer, the head of Xbox and CEO of Microsoft Gaming, is on the verge of retirement, Microsoft has recently stepped in to set the record straight, stating that he has no immediate plans to step down. The speculation gained traction following Microsoft’s announcement of a new…
Musk’s xAI Amasses $10B, Sets Sights on Creating the World’s Most Powerful AI
July 2, 2025 – According to a CNBC post on July 1, Elon Musk has secured a whopping 10billiontofuelhisAIambitionsandintensifythecompetitionwithOpenAI.Thisfundingcomesintheformofa5 billion debt and $5 billion equity combination. Morgan Stanley revealed on the same day that xAI, the AI company led by Musk, has raised a total of 10billionthroughamixofdebtandequity.Specifically,5 billion was obtained via secured notes and term…
Microsoft Windows Loses 400 Million Users in Three Years Amid Declining PC Demand
June 30, 2025 – Last week, Yusuf Mehdi, Microsoft’s Executive Vice President, revealed in a blog post that Windows is currently running on over 1 billion active devices worldwide. While this figure might seem impressive at first glance, a deeper look into Microsoft’s 2022 annual financial report tells a different story. Back then, the number…
J.P. Morgan Slashes Apple’s Stock Target: iPhone Demand Slowdown & Services Under Pressure
June 27, 2025 – AppleInsider, a well – known tech media outlet, reported yesterday that J.P. Morgan has revised its price target for Apple’s stock downward, cautioning about a potential slowdown in iPhone demand due to an early buying spree and waning interest in new models. In an investor report, the financial institution lowered its…
Microsoft Planning Significant Xbox Gaming Division Workforce Reduction: Reports
June 25, 2025 – According to a recent report from Bloomberg, Microsoft is gearing up for a significant round of layoffs within its Xbox gaming division as early as next week, with the potential to impact the entire team. The tech giant has chosen to remain tight-lipped regarding these planned layoffs, declining to offer any…
Riot Games Shutters Hypixel Studios, Halts Hytale Development Amidst Creative Challenges
June 24, 2025 – Hypixel Studios has officially announced its closure and the discontinuation of the highly anticipated game, Hytale, which aimed to blend action role-playing elements with the sandbox creativity reminiscent of Minecraft. The development journey of Hytale predates the 2020 acquisition of Hypixel Studios by Riot Games, the renowned developer behind hits like…
TDK Expands AI Ecosystem with Acquisition of Smart Glasses Innovator SoftEye
June 20, 2025 – TDK Corporation, a leading Japanese electronics company, announced today its acquisition of SoftEye, a U.S.-based developer of advanced smart glasses hardware and software solutions. The move is part of TDK’s broader strategy to expand its presence in the AI ecosystem. SoftEye specializes in creating customized chips, cameras, software, and algorithms tailored…
TikTok Set to Launch Live Shopping in Japan This Month
June 18, 2025 – According to a report by Nikkei News on the 17th, TikTok is gearing up to launch its e-commerce operations in Japan as early as the end of this month. The platform’s key selling point will be its “live shopping” feature, which allows users to view products being demonstrated in real-time during…
Renault CEO de Meo’s Sudden Departure: Eyes on Kering’s CEO Role
June 17, 2025 – Luca de Meo, the Chief Executive Officer of Renault Group, has revealed his intention to step down from his position effective July 15, aiming to “explore new challenges outside the automotive sector.” According to Le Figaro, de Meo is set to take on the role of CEO at Kering, the parent…
Nissan CEO Unveils Plans to Trim Renault Stake
June 16, 2025 – On Monday, the Nikkei Business Daily reported that Nissan Motor Co.’s CEO, Ivan Espinosa, has announced the company’s intention to reduce its stake in its French partner, Renault SA. Based on the current stock prices, selling the entirety of Nissan’s 5% shareholding in Renault could potentially raise approximately 100 billion yen….