Category: Business

BusinessStartups

Apple AI Acquisition Speculation Intensifies as Talent Exodus Raises Questions

Speculation is mounting about a potential major AI acquisition by Apple as industry observers note significant talent departures from the tech giant’s artificial intelligence divisions. According to multiple analysts, the company’s AI and new product category development faces substantial challenges that could prompt strategic moves.

Growing Speculation About Apple’s AI Acquisition Strategy

Technology industry observers are increasingly speculating about a potential major artificial intelligence acquisition by Apple Inc., according to recent social media discussions among analysts and investors. The speculation comes amid what sources describe as significant challenges within Apple’s internal AI development efforts and notable talent departures from the company’s artificial intelligence divisions.

by Darren Holt
BusinessEducation

Harvard Endowment Hits Record $56.9 Billion Despite Operating Deficit Amid Federal Funding Turmoil

Harvard University’s endowment reached $56.9 billion with an 11.9% return in fiscal year 2025, marking significant growth. However, the institution reported its first operating deficit since 2020, totaling $113 million, attributed to federal funding suspensions and rising operational costs. University officials described the year as “extraordinarily challenging” despite record gift contributions.

Endowment Performance and Financial Results

Harvard University’s financial endowment reportedly grew by 11.9% to reach $56.9 billion in fiscal year 2025, according to the university’s recently released financial report. The endowment gained $3.7 billion during the fiscal year ending June 30, 2025, surpassing last year’s 9.6% return and exceeding the institution’s long-term goal of 8%. Analysts suggest the portfolio has averaged an annualized return of 9.6% over the past eight years.

by Darren Holt
AIBusiness

Amazon Workforce Reductions Continue as Company Shifts Billions Toward AI Infrastructure

Amazon is reportedly preparing another significant round of layoffs, potentially affecting 15% of its HR department. This continues a trend of workforce reductions as the company redirects spending toward AI development and data center expansion.

Amazon Workforce Reductions Continue Amid AI Investment Push

Amazon workers could face additional significant layoffs with approximately 15% of the company’s human resources department potentially affected, according to reports from Fortune. Sources indicate that the People eXperience Technology team, which serves as Amazon’s HR division, is expected to be the most heavily impacted, though other consumer-facing business units may also see reductions.

by Sarah Collins
BusinessTechnology

Apple’s AI Strategy Under Scrutiny as Talent Exodus Continues, Analysts Speculate on Potential Acquisitions

Technology analysts are speculating about Apple’s next strategic moves in artificial intelligence as reports indicate significant talent departures from the company’s AI divisions. Industry observers suggest the tech giant may be considering acquisitions to bolster its AI capabilities amid what some describe as internal challenges.

Growing Concerns Over Apple’s AI Direction

Technology industry analysts are raising questions about Apple Inc.’s artificial intelligence strategy amid reports of significant talent departures from the company’s AI divisions. According to industry observers, the tech giant may be considering strategic acquisitions to address perceived gaps in its AI development efforts.

by Sarah Collins
BusinessStartups

Global HR Platform Deel Secures $300M in Series E Funding Amid Legal Disputes

Deel has reportedly secured $300 million in Series E funding co-led by prominent venture capital firms. The HR technology company claims profitability and over $1 billion in annual recurring revenue despite ongoing legal challenges with competitor Rippling.

Major Funding Round for Global HR Technology

According to recent reports, Deel has successfully raised $300 million in its latest venture round financing, with the company’s valuation reportedly reaching $17.3 billion. Sources indicate that the Series E round was co-led by prominent fintech investment firm Ribbit Capital and Andreessen Horowitz, with participation from existing investors including Coatue Management and General Catalyst.

by Darren Holt
BusinessStartups

Fortivum Consulting Expands Dublin Operations with 50 New Engineering Roles

Dublin-based Fortivum Consulting has launched its new headquarters in Tallaght, creating 50 specialized engineering positions. The data centre consultancy plans to double its workforce while establishing international learning partnerships and global expansion initiatives.

Major Dublin Expansion for Engineering Consultancy

Irish engineering firm Fortivum Consulting has officially opened its new corporate headquarters in Tallaght, Dublin, according to company announcements. Sources indicate the strategic move will create 50 highly skilled positions, effectively doubling the organization’s current workforce of 50 employees over the next 18 months.

by Natalie Brooks