Intel ejects Foundry as independent subsidiary
Intel ejects Foundry as independent subsidiary
https://www.theregister.com/2024/09/17/intel_foundry_aws_dod/
Pauses European fabs, scores secret US gig, teams up with Amazon, re-orgs its innards, and more!
How Intel lost the Sony PlayStation business
https://www.reuters.com/technology/how-intel-lost-sony-playstation-business-2024-09-16/
Biden moves to crack down on Shein and Temu, slow shipments into US
Biden moves to crack down on Shein and Temu, slow shipments into US
https://arstechnica.com/tech-policy/2024/09/biden-moves-to-crack-down-on-shein-and-temu-slow-shipments-into-us/
Rapid growth of Temu and Shein threatens US businesses and consumers, Biden says.
OpenAI is reportedly moving away from its complicated non-profit structure next year
OpenAI is reportedly moving away from its complicated non-profit structure next year
https://www.engadget.com/ai/openai-is-reportedly-moving-away-from-its-complicated-non-profit-structure-next-year-130014948.html
Sam Altman has reportedly told OpenAI staff members that they're moving away from its non-profit structure.
Senators slam private equity–fueled hospital giant in charged hearing
https://www.motherjones.com/politics/2024/09/steward-health-care-ralph-de-la-torre-senate-hearing-bernie-sanders/
Steward Health Care declared bankruptcy in May—after years of sacrificing patient care for profits.
Breaking Down OnlyFans’ Stunning Economics — MatthewBall.co
https://www.matthewball.co/all/fansprofitandloss
Due to UK disclosure requirements, it's possible to examine the P&L of the privately owned/controlled OnlyFans. And the results are shocking.
Samsung Elec plans global job cuts of up to 30% in some divisions, sources say
https://www.reuters.com/technology/samsung-elec-plans-global-job-cuts-up-30-some-divisions-sources-say-2024-09-11/
Focus: Retail, consumer CEOs see shorter tenures as boards act more quickly
https://www.reuters.com/business/retail-consumer/retail-consumer-ceos-see-shorter-tenures-boards-act-more-quickly-2024-09-10
Microsoft Lays Off 650 People in Its Gaming Division
Microsoft Lays Off 650 People in Its Gaming Division
https://gizmodo.com/microsoft-lays-off-650-people-in-its-gaming-division-2000497908
The move comes after the software giant went on a corporate spending spree.
After 155 years, the Campbell Soup company is changing its name
https://www.cnn.com/2024/09/10/business/campbell-soup-company-name/index.html