Peloton has cut 11% of its global workforce, a significant reduction aimed at slashing costs. The layoffs, announced by CEO Peter Stern, heavily impact engineering teams working on technology and enterprise projects.
Sumitomo Mitsui Financial Group (SMFG) posted strong third-quarter earnings, with net profit rising 12% to 461 billion yen. The bank is sticking with its upgraded annual profit forecast of 1.5 trillion yen, a target it’s already 93% of the way to hitting with one quarter left.
Ubuntu Pro provides extended security maintenance for up to 15 years and live kernel patching without reboots. For most home users, it’s an optional perk, but veteran home labbers might find real value in its stability guarantees.
European leveraged loan issuance hit a record €26.5 billion this week as companies seized on strong investor demand to slash borrowing costs. However, the rush to refinance is squeezing returns for some investors, and fears over AI disruption are already derailing deals for software firms like Team.
The European Commission has proposed a sweeping new Space Act to regulate safety, debris, and cybersecurity. But with a tight 2030 deadline and pushback from operators and governments, its path to reality is fraught with challenges.
Meta’s CEO says the company’s path to “personal superintelligence” is fueled by its unmatched knowledge of users’ lives and relationships. This comes as the company plans a massive increase in AI spending, but faces internal struggles and fierce competition.
Samsung is targeting the compact AI workstation market with its new PM9E1 SSD. It squeezes 4TB of capacity and PCIe 5.0 speeds into a tiny M.2 2242 form factor, promising optimized performance for AI workloads.
The private equity giant’s infrastructure platform, powered by data centers, grew 40% to $77 billion. Its overall revenue hit $14.5 billion for the year, showing how digital infrastructure is now central to its strategy.
Google has significantly degraded the IPIDEA residential proxy network, a key tool for cybercriminals. Their actions removed millions of devices from the pool, disrupting a global marketplace for anonymity.
Tesla’s energy storage division deployed a record 46.7 gigawatt-hours in 2025, a 48% jump. The business now drives nearly a quarter of the company’s gross profit with margins nearly double those of its vehicles.
