Chinese Investors Plan $2B Buyback of AI Startup Manus from Meta
Manus revenue run rate has surged to $400-500M.
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Trump Announces Apple-Intel Partnership to Manufacture Chips in the U.S.
Apple will work with Intel to make chips in the U.S., reducing reliance on Asia and boosting Intel’s business and stock.
Avista Pauses 500 MW Data Center Deal Amid Community Backlash and Spokane Moratorium
Avista pauses a big data center deal after local pushback and permit moratorium, putting $350M growth plan at risk.
Meta Faces Fresh Internal Turmoil as CTO Slams AI Reorg and Executive Exits
Meta CTO Andrew Bosworth admitted the company’s AI reorganization was “atrocious” and damaged employee trust. At the same time, the head of product for Meta’s “AI for work” transformation is leaving the company.
Gildan Activewear Craters After Short-Seller Accuses Massive Channel Stuffing
Jehoshaphat Research accused the apparel maker of channel stuffing and hiding $500 million in excess inventory.
Netflix Denies Lionsgate Acquisition Interest, Shuts Down Buyout Rumors
Netflix has officially denied rumors of acquiring Lionsgate Studios. The streaming giant quickly pushed back on takeover speculation amid fluctuating Lionsgate shares.