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“AI won’t take your job” and other things CEOs say before the layoffs
Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.
US energy chief exhorts data center backers to push back against opponents
U.S. Energy Secretary Chris Wright urges data center supporters to push back against critics who raise concerns about power use and ai impacts.
Arlington cyber warfare startup raises $100M, reaches unicorn status
Twenty Technologies announced that it has raised $100 million in a Series B round and reached unicorn status with a $1 billion valuation.
One in a trillion: Musk’s milestone
Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.
Wall St ends modestly higher as AI zeal overcomes Middle East jitters
Wall St closes modestly higher with AI enthusiasm boosting stocks despite Middle East tensions and rising crude prices impacting inflation concerns.
Virginia founders use AI to jumpstart companies
Virginia startup Nestease leverages AI to offer flexible lawn care and home services, enabling customers to control scheduling and improve efficiency.
Virginia Tech opens $310M academic building in Alexandria
Virginia Tech opened its $310 million Academic Building One in Alexandria, advancing research and graduate programs in computing and business.
Rising exports lower US goods trade deficit in April
The US goods trade deficit narrowed in april as exports rose 4%, offsetting import gains amid ongoing middle east tensions and ai investment.
Amentum names inaugural chief AI architect
Chantilly-based government contractor Amentum has named Sam Nazari as its chief AI architect, a newly created position.
Wall Street rises as chip stocks rally ahead of Nvidia results
Wall Street's main indexes rose over 1% led by technology and chip stocks ahead of Nvidia's quarterly report, signaling strong AI sector optimism.
Elon Musk loses lawsuit against OpenAI
Elon Musk lost his lawsuit against OpenAI in a California federal court, with the jury ruling the case was brought too late and OpenAI not liable.
S&P 500, Nasdaq boosted by chips to record closing highs
The s&p 500 and nasdaq reached record closing highs driven by chip stocks and ai-related tech shares despite hot inflation data and fed rate concerns.
