BMW is cutting 8,000 jobs and handing its cars’ brains to Qualcomm
BMW is cutting approximately 8,000 jobs in Germany by the end of 2027 and will use Qualcomm technology for its vehicle computing systems over the next decade. The job reductions will occur through a voluntary redundancy scheme affecting administrative roles.
Read full story →Samsung’s Chip Profit Soars 250-Fold on Memory Shortages
Samsung Electronics' semiconductor division reported an operating profit of 89.2 trillion won in the second quarter, representing a more than 250-fold increase. This surge was driven by memory chip shortages in the market.
Microsoft’s Azure just crossed $100bn a year, and the AI bet mostly paid off
Microsoft's Azure cloud service revenue exceeded $100 billion annually, with quarterly cloud revenue reaching $59.3 billion, up 27% year-over-year. Total company revenue rose 18% to $90 billion for the quarter ending June 30, and net income increased 31% to $35.8 billion.
OpenAI is giving 100,000 scientists free AI. Here’s how it can afford to.
OpenAI is offering 100,000 academic researchers free access to its frontier models through 2027, beginning with 10,000 users this summer. The programme scales to reach the full 100,000 researchers by the end of the rollout period.