CNBC

Upstart chipmakers keep challenging Nvidia. This time it's Microsoft-backed D-Matrix

D-Matrix says its chips can run inference workloads 10 times faster and using five times less energy than a standalone graphics processing unit from Nvidia. Like Cerebras, D-Matrix is trying to prove ...
WTOL

Block Communications settles lawsuit, reinstates Allan Block as CEO

TOLEDO, Ohio — A dispute involving Block Communications, Inc., has been "amicably resolved," a company spokesperson said Thursday. The settlement followed a lawsuit filed by Allan Block after he was ...
Wall Street Journal

‘I Will Destroy You’: The Battle Inside a Midwestern Media Dynasty

John Robinson Block got a shocking phone call from his twin brother, Allan, in 2023. The editor in chief and publisher of the Pittsburgh Post-Gazette and the Toledo Blade, John Robinson had recently ...
MovieWeb

'The Matrix 5' Director Delivers Another Promising Update

Tim is a Contributor to MovieWeb, covering all things film and TV, and his talents have graced Game Rant and Screen Rant. He is an avid collector of physical media, with a movie collection in the ...
Forbes

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...
Los Angeles Times

Block to cut more than 4,000 jobs amid AI disruption of the workplace

Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of ...
Engadget

Block, the parent of Square and Cash App, is laying off over 4,000 people

We may receive a commission on purchases made from links. Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of ...
Business Insider

Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

Block is letting go of over 4,000 employees, cutting the company nearly in half, cofounder and CEO Jack Dorsey said Thursday. "I had two options: cut gradually over months or years as this shift plays ...
CNN

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...
The New York Times

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...
TechCrunch

DG Matrix raises $60M to make data center power smarter

Data centers face a conundrum: how to power increasingly dense server racks using equipment that relies on century-old technology. Traditional transformers are bulky and hot, but a new generation of ...
FierceBiotech

Diagonal moves forward with $125M series B round, plots first-in-human study this year

Diagonal Therapeutics is on an upward trajectory with a $125 million series B financing round, which will help the company enter the clinic this year with its rare ...