Etsy laying off 12% of staff in bid to streamline business, position for growth
Etsy announced the layoffs along with second-quarter earnings.
Meta debuts first AI coding agent to take on Anthropic and OpenAI
Meta released its first coding agent called Muse Code as the company ramps up its investments in AI models and services to try and take on Anthropic and OpenAI.
As Warsh and the Fed contemplate fewer meetings, markets brace for potential volatility ahead
Since taking office in May, Warsh has implemented several measures that reverse decades of Fed culture.
Microsoft AI exec tells developers to default to OpenAI’s top model as part of efficiency push
Microsoft is taking advantage of its intellectual property rights with OpenAI, encouraging employees to use the company’s top model.
Google’s AI reshuffle: Chief scientist Jeff Dean exits and Demis Hassabis steps down as DeepMind CEO
Google’s AI divisions are getting reshuffled, the search giant announced on Wednesday.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
The upstart salad chain aimed to take on Sweetgreen and expanded rapidly under the ownership of Volt Investment.
Kids Online Safety Act social media safety bill advances in Senate
The Kids Online Safety Act, a measure aimed at protecting children on social media, advanced to the Senate floor after it stalled in the last Congress.
Amazon’s Zoox to launch paid robotaxi service in Las Vegas on Aug. 10
It’s the company’s first commercial market after Zoox started offering free rides to the public in parts of Las Vegas and San Francisco less than a year ago.
Uber stock sinks 5% after weak guidance despite revenue growth
Uber’s earnings were in line with estimates, but the company’s guidance for the third quarter trailed expectations.
Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
