Microsoft's LinkedIn is preparing to announce layoffs on Wednesday, with sources indicating cuts will affect about 5% of its staff.

Arm and its majority owner SoftBank have approached AI computing firm Cerebras regarding a potential acquisition ahead of the company's planned initial public offering.

Arm and its majority owner SoftBank have approached AI computing firm Cerebras regarding a potential acquisition ahead of the company's planned initial public offering.

SoftBank profit triples to $12 billion on OpenAI stake gains. The Japanese conglomerate reported a significant surge in earnings fueled by the valuation growth of its artificial intelligence holdings.

SoftBank Group reported that its quarterly profit more than tripled to $12 billion, driven primarily by gains from its investment in OpenAI.

UK's National Wealth Fund invests $34 million in defence company.

The UK's National Wealth Fund has invested $34 million in a defence company.

Boston Fed's Collins warns interest rates may need to remain restrictive for an extended period, potentially rising further if inflation persists.

Boston Federal Reserve President Susan Collins stated that current policy is "well positioned" but indicated that interest rates may need to remain restrictive for an extended period, with a potential for further increases if inflation persists.