Amazon shutters all of its physical Go and Fresh stores

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Amazon is closing its physical Amazon Go and Amazon Fresh stores

Upon closing down some stores in 2024, an Amazon spokesperson said that the company "couldn't make the economics work with the lease cost." These retail closures will not impact customers who use Amazon for grocery delivery.

Amazon will pay customers $309 million to settle ‘no hassle returns’ lawsuit

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Capital One acquires Brex for a steep discount to its peak valuation, but early believers are laughing all the way to the bank

Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale is a triumph.

Netflix revises Warner Bros. bid to an all-cash offer

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Trump and Mid-Atlantic governors want tech companies to pay for new power plants

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Trump administration wants tech companies to buy $15B of power plants they may not use

In an attempt to alleviate rising electricity prices, the White House wants grid operator PJM to hold an auction for new generating capacity, and it wants tech companies to bid.

AI video startup, Higgsfield, founded by ex-Snap exec, lands $1.3B valuation

Higgsfield says it's on a $200 million annual revenue run rate. So it opened its previous Series A round back up and sold another $80 million in shares.

Spotify’s 3rd price hike in 2.5 years hints at potential new normal

Spotify claims the higher fees will help “benefit artists.”

Exclusive: How one startup is using prebiotics to try and ease the copper shortage

Transition Metal Solutions is applying a special cocktail to coax microbes into unlocking more copper from ore.

That’s a lot of money for just one data center job.

In Virginia, environmental group Food & Water Watch found that one permanent data center job is created for every $13 million invested. It estimates that data centers account for 0.01 percent of US jobs, but 4.4 percent of electricity consumption, and is petitioning Congress to end all new data center construction.

European banks plan to cut 200,000 jobs as AI takes hold

The bloodletting will hit hardest in back-office operations, risk management, and compliance.