CHINA'S TECH GIANTS SLASH WORKFORCES QUIETLY
■ AI-SUMMARIZED FROM 1 SOURCE BELOW
Major Chinese tech companies are cutting staff at significant rates in 2025. Alibaba has reduced its headcount by roughly one-third, while Baidu's workforce declined nearly 7%.
■ MORE FROM THE BUSINESS DESK
Cognizant Technology Solutions has agreed to acquire Astreya, an IT services provider specializing in AI infrastructure management, for approximately $600 million. The deal is expected to close in Q2.
Algorithmic trading is increasingly controlling currency markets, according to a new report. The shift is reigniting debate over the role of traditional banks versus independent firms in the $9.5 trillion-a-day foreign-exchange market.
Colorado has blocked legislation that would have restricted consumers' right to repair their own devices. The failed bill represents a victory for right-to-repair advocates against manufacturer pressure.
Rural communities across the United States are mounting strong opposition to data center construction, citing environmental and quality-of-life concerns as AI infrastructure expansion accelerates.