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$20B
Rani Molla

Intel — the chip company that’s been left behind in the current AI arms race — could have bought Nvidia — the chip company that’s leaving all others in the dust — about two decades ago, according to The New York Times. At the time, it would have cost $20 billion, but the board balked at the price. Now, of course, Nvidia has a market cap 170x that.

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Bloomberg: Apple’s updated Siri to arrive in February, chatbot Siri this summer

The smarter, AI-powered Siri that Apple previewed back in June 2024 — capable of using personal data and on-screen context to complete tasks — is finally set to arrive in the second half of February, according to Bloomberg. Meanwhile, a completely overhauled and fully integrated chatbot version of Siri will follow in beta this summer, the outlet reports in an article detailing the executive shake-ups and Google partnership that led Apple to this point.

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Rani Molla

Amazon to lay off thousands more office workers on path to 30,000 cuts

Amazon plans to axe thousands of corporate workers next week, after laying off 14,000 back in October, according to Reuters. The new cuts could be “roughly the same” number as last time and may hit Amazon Web Services, retail, Prime Video, and human resources, the report said, citing people familiar with the matter.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

The company plans to cut a total of 30,000 corporate positions as part of an effort to “streamline operations and reset its culture,” Business Insider reported separately, noting comments from CEO Andy Jassy, who said the earlier layoffs were “about culture” rather than AI-related cost cutting.

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