Friday, October 16, 2026
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Project Hail Mary has become Amazon MGM Studios' highest-grossing film ever, validating the company's strategy of producing big-budget, commercial movies after a string of underperforming releases.
SK hynix has filed for a potential U.S. listing, targeting 2026 to raise an estimated $10 billion to $14 billion and bridge its valuation gap with global peers.
Netflix has increased subscription prices across its streaming tiers, effective March 26 for new members, following the company's decision to abandon its bid for Warner Bros. Discovery.
Meta is laying off fewer than 1,000 employees across multiple teams, marking its second round of workforce reductions in 2026 as the company ramps up AI spending.
Epic Games is laying off 1,000 employees as it navigates a downturn in Fortnite engagement and rising operational costs, despite identifying over $500 million in savings.
Tech companies may be adopting AI tokens as a fourth pillar of engineering compensation, potentially altering how firms manage headcount and cash salary expectations.
Hachette Book Group is canceling the novel *Shy Girl* in the U.S. and U.K. following concerns that the text was likely generated by artificial intelligence.
AI startups captured 41% of venture funding on Carta last year, fueling a K-shaped market where capital concentrates in a few firms, driving high early returns.
Rivian no longer expects to meet its 2027 profitability goal due to high autonomy R&D spending, despite securing a potential investment of up to $1.25 billion from Uber.
PhonePe has paused its IPO plans due to market volatility, delaying a listing that could have raised as much as $1.5 billion, but remains committed to going public.
The Giving Pledge is seeing a steady decline in new sign-ups as prominent tech figures express regret and shift toward private philanthropic vehicles.
Honda is halting development of its electric Acura RDX and Honda 0 models while stopping production of the Prologue, signaling a retreat from the EV market.
Meta is reportedly considering layoffs that could affect 20% or more of its workforce to offset heavy spending on AI infrastructure and related costs.
Atlassian is cutting 10% of its workforce, or around 1,600 employees, to redirect capital toward AI and enterprise sales as market expectations for software companies rise.
Honda has canceled three planned electric vehicles for the U.S. market, citing the impact of tariffs and rising competition from Chinese manufacturers on its earnings.
Ford launched an AI assistant for its commercial Ford Pro customers, built on Google Cloud, as the automaker pushes to grow its software subscription revenue.
Indian neobank Fi is discontinuing its consumer banking services to pivot toward building deep technology and AI systems for enterprises, ending its partnership with Federal Bank.
Pro-Iran hacktivist group Handala claims responsibility for a global cyberattack on medical technology company Stryker, which has caused global network disruptions and system wipes.
Almost 40 startups have reached unicorn status in the U.S. so far in 2026, with AI-focused companies leading the pack alongside healthcare and crypto firms.
YouTube’s 2025 ad revenue hit $40.4 billion, surpassing the combined ad earnings of Disney, NBC, Paramount, and Warner Bros. Discovery.