Hasbro confirms cyberattack, warns of weeks-long recovery
Hasbro has confirmed a cyberattack and taken systems offline, warning that the incident may take several weeks to resolve as it investigates potential data theft.
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390 storiesSupplier error triggers recall of more than 4,000 Lucid Gravity SUVs
Lucid Motors is recalling more than 4,000 Gravity SUVs after discovering improperly welded seat belt anchors caused by a supplier's unapproved manufacturing process change.
AI seed startups face higher valuations and faster growth demands
AI seed startups are commanding higher valuations and faster traction expectations, forcing investors to move earlier into pre-seed deals and underwrite real-world traction sooner.
Yupp shuts down after raising $33 million
Yupp is shutting down less than a year after launch, citing a lack of product-market fit as the AI landscape shifts toward agentic systems.
Project Hail Mary becomes Amazon MGM’s highest-grossing film
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 targets 2026 U.S. IPO to close valuation gap
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 hikes prices following failed acquisition bid
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 cuts jobs as AI spending surges
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 lays off 1,000 employees amid Fortnite downturn
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.
Nvidia CEO Jensen Huang proposes AI tokens as engineering pay
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 pulls novel over AI-generated content concerns
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.
Venture capital market shows K-shaped split as AI dominates funding
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 delays 2027 profit goal to prioritize autonomy R&D
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.
India's PhonePe shelves IPO as global tensions rattle markets
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 sees a sharp decline in new sign-ups
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 halts development of key electric vehicle models
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 reportedly weighs layoffs affecting 20% of staff
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 cuts 10% of workforce to prioritize AI investment
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 cancels three US electric vehicle models
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 launches AI assistant for commercial fleet customers
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.