Several General Motors employees who were laid off Monday described their jobs being terminated to CNBC.
Two new exchange-traded funds (ETFs) have been created to allow investors to avoid companies associated with Elon Musk, such as Tesla and SpaceX. The funds, named Nasdaq-100 Ex-Elon Enterprises ETF and S&P 500 Ex-Elon Enterprises ETF, aim to provide capital appreciation by excluding these specific companies.
Microsoft's 2025 carbon emissions increased by 25% to 34 million metric tons, driven by data center expansion and a shift away from renewable energy certificates. The company faces challenges in meeting its 2030 carbon negative goal, with AI infrastructure demand outpacing sustainability solutions.
AI startup Lyzr successfully raised $100 million in its Series B funding round by utilizing its proprietary AI agent, SivaClaw. The AI handled investor inquiries, drafted memos, and tracked engagement, demonstrating the product's efficacy and securing interest from over 130 investors without founder travel.
Sequoia partner David Cahn projects AI infrastructure spending to hit $1.5 trillion by 2026, requiring $3 trillion in revenue to justify the investment. Despite strong ARR from companies like Anthropic and OpenAI, a significant revenue gap remains, posing a risk to the economy if hyperscalers fail to meet cash flow goals.
Allstate Insurance is suing Broadcom, alleging the tech giant initiated haphazard audits in retaliation for Allstate not renewing contracts with VMware and CA Technologies. Allstate claims it complied with audit requirements, while VMware alleges Allstate stonewalled and removed software.
EV startup Slate Auto, backed by Jeff Bezos, is partnering with Crayola to offer five custom vehicle wraps in signature Crayola colors. The wraps cost $1,549.99 and include a matching key fob and dashboard art piece. This marks Crayola's first automotive partnership.
