Wednesday, July 9, 2025

Microsoft shares $500M in AI savings internally days after cutting 9,000 jobs

Microsoft’s chief commercial officer Judson Althoff said during a presentation this week that AI tools are boosting productivity across sales, customer service, and software engineering, Bloomberg reports. Althoff noted AI has been so useful that Microsoft was able to save more than $500 million last year in its call center alone.  The internal remarks come […]

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Steve Davis left DOGE in May, but officials say he’s still running the show

Though he officially left the U.S. government in May, Steve Davis -- Elon Musk's low-flying former top lieutenant at the Department of Government Efficiency -- continues wielding influence at DOGE, according to the WSJ. The outlet says Davis regularly gives directions to current DOGE officials and has privately dismissed his departure as "fake news."

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Neobank Revolut seeks $65B valuation, a year after its $45B deal

Europe’s fintech darling Revolut is looking to raise a new funding round that would give it a $65 billion valuation, the Financial Times reports.  The UK-based company is reportedly in talks to raise around $1 billion by issuing new shares and selling existing ones. The US-based firm Greenoaks is said to be leading the round, […]

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Tuesday, July 8, 2025

GenAI as a shopping assistant set to explode during Prime Day sales

A new report estimates that AI will be a larger-than-ever part of the online shopping process during Amazon’s Prime Day sale, which began Tuesday morning. Amazon’s annual sale, which this year spans four days (July 8-11), is predicted to drive $23.8 billion in online spending across U.S. e-commerce retailers, as other businesses run their own […]

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