Artificial Intelligence

• California hammered as national job cuts jump to a five-year high - California employers announced 173,022 job cuts in the first 11 months of this year, up nearly 14% from the same period last year, according to data from outplacement firm Challenger, Gray & Christmas.
• Guangdong touts Huawei chips and HarmonyOS to outrun the shadow of the DeepSeek eclipse - Guangdong has named Huawei Technologies' artificial intelligence chips and HarmonyOS operating system as flagship achievements in China's drive for technological self-sufficiency. The push by China's wealthiest province - whose gross domest
• Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
• Chinese smart glasses firms eye overseas conquest - In China, AI glasses let the wearer pay in shops with just a glance at a QR code and a voice command, as a growing number of companies look to conquer both growing domestic and overseas markets.China's internet-based infrastructure, such as
• Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
• SoftBank’s Son ‘was crying’ about the firm's need to sell its Nvidia stake - SoftBank Group founder Masayoshi Son has downplayed his firm's decision to dump its Nvidia position, saying he "was crying" to sell the shares. 
• A 'seismic' Nvidia shift, AI chip shortages and how it's threatening to hike gadget prices - The AI infrastructure buildout is creating shortages of components including various types of chips that are also used in consumer electronics.
• Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends - David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
• U.S. Black Friday Sales Defy Tariffs and Economic Woes - Data on spending this week shows that consumers are shopping big for the holidays despite inflation and economic worries.