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Tech News
PepsiCo has reportedly eliminated roughly 1,000 positions, largely affecting its North American food and beverage divisions. The move comes as the company cites softer consumer demand and a challenging business environment in the U.S. market.
Jensen Huang has pulled out of this week's ElevenLabs Summit in New York as well as the Anthropic CEO Forum, ElevenLabs confirmed Monday. Nvidia is an investor in ElevenLabs. The withdrawals follow Huang's admission over the weekend of an extramarital affair and Nvidia's launch of an investigation into his relationship with a person described as a possible Chinese spy.
Nvidia has launched an independent investigation following reports that Chinese intelligence targeted CEO Jensen Huang, including claims he had an affair with an alleged Chinese spy. Despite ordering the probe, the board publicly stated it retains confidence in Huang and his leadership team.
Nvidia's board has opened an investigation into an affair involving its CEO and an executive suspected of ties to Chinese intelligence. The probe is examining whether confidential company information may have been shared during the relationship.
Nvidia's board is reportedly examining reports that CEO Jensen Huang was targeted for espionage. Separately, Huang has reportedly given his children prominent positions at the company, and has apologized to Nvidia over past infidelity.
Apple has highlighted how its product lineup transformed during Tim Cook's 15-year tenure as CEO, which began in 2011. Under his leadership, the company launched new device categories, shifted the Mac to its own custom chips, expanded the iPhone's capabilities into payments and satellite messaging, and grew a services business now generating over $100 billion annually. Apple now counts more than 2.5 billion active devices and reported $416.2 billion in net sales for fiscal 2025.
The Department of Justice has brought charges against a group accused of using AI-generated deepfakes impersonating CEOs and lawyers to defraud hospitals, banks and other institutions out of a combined $129 million. One defendant allegedly boasted of laundering more than $400 million over the past three years.
GoDaddy CEO Aman Bhutani told Business Insider he declines to read internal reports he suspects were generated by AI. He said he can usually tell when writing is AI-produced and that he values the writing process because it forces employees to clarify their own thinking.
A media trainer who works with financial services and other executives published a list of seven recurring errors leaders make when speaking to journalists, including over-answering questions outside their expertise, rambling before making a point, and turning interviews into sales pitches. The advice urges executives to prepare three key messages, lead with their main point, and avoid jargon when speaking to reporters.
Apple reported record quarterly results, but new CEO John Ternus faced criticism for his handling of his first earnings call, with commentators from Bloomberg and Fortune describing his remarks as rehearsed and cautious. Ternus shared the call with CFO Kevan Parekh and COO Sabih Khan, a departure from Apple's recent practice of having the CEO field most questions. Apple shares slipped in pre-market trading after the company flagged rising memory costs and expenses tied to building Siri AI data centers.
A CEO in the electronics sector recounts working as a teenager detasseling corn in Illinois for $1.50 an hour, a job that involved manually removing tassels from corn plants in the field. The CEO says that experience still informs their approach to leadership and business today, including conversations with leaders about trade policy.
Raspberry Pi CEO Eben Upton announced another price hike for the 16GB Raspberry Pi 5, blaming a lack of alternative DRAM supply combined with shortages of other components. Upton advised customers to avoid paying for more memory than they need, suggesting lower-memory or older Pi models as alternatives. The 2GB Raspberry Pi 5 configuration had already seen a price increase the previous month.