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The Latest Breaking News from Business Insider

GameStop CEO Ryan Cohen Withdraws $35 Billion Pay Package as He Intensifies Push for eBay Acquisition

GameStop Chief Executive Ryan Cohen has withdrawn a proposed performance-based compensation package that could have been worth more than $35 billion, saying he wants management focused on the retailer's operations and its efforts to acquire eBay.

International Business Times

"I still haven't paid myself a single dollar": Ex-Google, Microsoft techie quit Rs 4.2 crore job, now runs Rs 21.7 crore halal BBQ business in Texas

A former Google and Microsoft engineer, earning ₹4.2 crore annually, traded his lucrative tech career for a Texas barbecue restaurant. Despite the business now generating ₹21.7 crore yearly and projected to hit ₹37.8 crore, he hasn't paid himself, surviving on savings while working 80-hour weeks. His journey highlights the demanding…

The Economic Times

Meta pauses mandatory AI training program that tracked employee keystrokes after internal data leak exposed sensitive staff information company-wide — employees express frustration over poor handling of data

Meta has paused an internal AI training program after employee conversations, keystrokes, transcripts, and performance-related data were reportedly exposed across the company.

Tom’s Hardware

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Check your drawers and couch: Bed Bath & Beyond ‘zombie coupons’ $100,000 sweepstake for one lucky winner

The home goods brand that once had a cult following hopes to bring devotees back to its physical stores

The Independent UK

Meta CTO Admits Mark Zuckerberg Has Completely Crushed Employee Spirits

Mark Zuckerberg's AI overhaul has left Meta morale badly shaken, with the company's CTO admitting spirits are among the lowest they have been in years.

International Business Times UK

Dear Walmart Stock Fans, Mark Your Calendars for June 22

Walmart Deals returns June 22 through June 28 with thousands of offers on electronics, fashion, toys, and more. Here is what shoppers need to know.

Barchart

Is Cocoa Heading Back to Pre-2024 Prices?

After exploding to a record high in late 2024, cocoa prices have plunged. Cocoa moved above its previous record high in February 2024 and continued higher, rising to over two and a half times the 1977 peak. The bearish price action has continued in 2026, with cocoa prices now heading…

Barchart

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Rampant AI‑driven GitHub outages force Microsoft into an unlikely alliance — Amazon steps in to keep code in line

Microsoft turned to Amazon for extra cloud power after GitHub’s AI surge caused outages.

Windows Central

77-Year-Old Bought Gold for Scammers — Twice. Lost $390,000: 'I Was Hoping It Was a Bad Dream'

A New Jersey retiree lost $390,000 in a sophisticated scam involving fake emails, deposits, and gold purchases. Learn about the fraud and warning signs of retirement scams.

International Business Times UK

Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slips

The enterprise software company has undertaken a fresh round of layoffs, affecting employees working on its Agentforce AI product, Mulesoft IT integration tool, and Marketing Cloud software, according to Business Insider.

The Economic Times

'India feels more vibrant than US': NRI woman on Green Card queue says choosing Bengaluru over San Francisco was the right decision

38-year-old Astha Chaturvedi, a startup founder, moved to Bengaluru along with her family, including a kid and a pet, leaving behind San Francisco and now she feels she did the right thing. In an interview with Business Insider, Chaturvedi said the decision to return to India was made all of…

The Times of India

H-1B filings rise at OpenAI, Anthropic and Nvidia as companies expand overseas recruitment

AI firms OpenAI, Anthropic, and Nvidia are boosting H-1B visa applications. This comes as they compete for specialized talent. Other major tech companies like Meta, Microsoft, Amazon, and Google are reducing their visa filings. New H-1B rules favor higher-paid applicants. A court blocked a proposed fee on overseas applicants.

The Economic Times

She couldn’t pay her hotel bill: Meet Maja Chwalińska, the qualifier who battled depression and financial struggles to reach the French Open final

Maja Chwalińska story: Polish qualifier Maja Chwalińska has achieved a historic feat at the 2026 French Open, reaching the women's singles final despite starting outside the top 100. Her remarkable journey, marked by financial struggles and a past battle with depression, culminates in a Grand Slam final appearance, a first…

The Economic Times

A CEO denied raises to spend money on AI instead. Companies have 'no idea what they're going to need in a workforce' when the AI race is over.

Companies may be cutting raises and benefits to create attrition, one expert says.

Fortune

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The Economic Times

Google Cloud layoffs: Threat intelligence team, Mandiant employees among those affected

Google Cloud has recently implemented job cuts, impacting teams including employees in Mandiant and its Threat Intelligence Group. These layoffs are reportedly aimed at reallocating resources towards growth areas, particularly artificial intelligence. This move aligns with a broader tech industry trend of significant investment in AI and subsequent layoffs to…

International Business Times

Kevin O'Leary Pushes Back Against Calls To Shrink Massive Utah AI Data Center Project

Kevin O'Leary is pushing back against calls to dramatically reduce the size of a proposed artificial intelligence data center campus in northern Utah.

The Independent UK

Kevin O’Leary’s gargantuan data center cut down by half after battle with Utah lawmakers

The data center’s campus was originally going to be twice the size of Manhattan. Now it will only be slightly larger than the island

The Independent UK

Software company tells its 5,000 employees no raises this year so the money can go to AI

Teradata CEO Steve McMillan says the decision was driven by a desire to ‘win in the market with AI’

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The Economic Times

5,100 employees won't get salary hikes as Tech CEO says company is spending on AI instead

Teradata salary hike 2026: Cloud software company Teradata has decided to freeze annual salary increases for its 5,100 employees in 2026 as it redirects those funds towards expanding its artificial intelligence capabilities. The move underscores the growing competition in the AI race, with companies prioritising technology investments to drive future…

International Business Times

Investor Kevin O'Leary Claims China Is Behind Opposition to His Utah Data Center

Investor Kevin O'Leary has turned a local Utah fight over water, power and land into a national security argument.

The Economic Times

Nvidia CEO Jensen Huang advises students: 'Whatever you decide is your passion, the only one thing that you have to do is...' - here are the list of careers and skills he says will continue to remain valuable in the AI era

Nvidia CEO advice for students choosing careers: Nvidia CEO Jensen Huang advises parents against stressing over "AI-proof" subjects for their children. He emphasizes that fundamental human skills like storytelling and creativity will remain crucial, suggesting AI should be embraced to enhance learning and purpose rather than avoided.

The Economic Times

OpenAI offers $445,000 job to solve problems that may not exist yet. Sam Altman wants candidate who is “tasteful and strategic”

OpenAI is hiring a researcher for a staggering ₹2.5 to ₹3.7 crore salary to ponder future AI risks, specifically recursive self-improvement. This role demands strategic thinking for potential future problems, not just current ones. The company's Preparedness team focuses on high-risk AI areas, aiming to mitigate dangers before they escalate.

The Economic Times

Microsoft veteran Yusuf Mehdi to exit after 35 years

After 35 years at Microsoft, consumer chief marketing officer Yusuf Mehdi announced his departure, planning to leave in June 2027. Mehdi, a key figure in product launches from Windows 95 to Copilot Plus PCs, will focus on Windows, Microsoft 365, and the One Copilot vision during his remaining time.

The Economic Times

Business Insider CEO Barbara Peng to depart end June

Business Insider CEO Barbara Peng is stepping down by the end of next month to pursue new opportunities driven by technological change. Christian Baesler will serve as interim lead. Peng's departure follows recent newsroom staff reductions as the company navigates challenges posed by AI in search.

The Independent UK

Walmart is getting into restaurant delivery and now offers groceries along with your McDonald’s order

In addition to getting groceries and electronics delivered from Walmart, customers can now get food from restaurants located within the store

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