ABE NEWS | September 2, 2026 Uber is cutting approximately 3,300 jobs worldwide — around 10% of its global workforce — in one of the company’s biggest restructurings since the pandemic, as Chief Executive Dara Khosrowshahi moves to flatten management, consolidate teams and redirect resources toward the next phase of Uber’s growth. The changes go…
ABE NEWS | September 1, 2026 The artificial-intelligence boom has just produced another extraordinary set of numbers — and this time they are coming from Dell. Dell Technologies raised its full-year revenue forecast by a staggering $25 billion on Tuesday, after soaring demand for the powerful servers used to build and operate artificial-intelligence systems…
ABE NEWS | September 1, 2026 South Korea is preparing to make one of the biggest government spending bets in its history — and artificial intelligence sits near the centre of the strategy. The government of President Lee Jae Myung unveiled a proposed 821 trillion won budget for 2027, worth roughly US$597 billion, representing…
ABE NEWS | August 29, 2026 For many small businesses, growth begins with a frustrating contradiction. The customers are there. The product is selling. The entrepreneur knows that buying more inventory, adding equipment or expanding production could generate more revenue. But the money needed to make that next move isn’t there. For thousands of small…
ABE NEWS | August 29, 2026 The artificial-intelligence race is usually presented as a competition between a handful of technology giants. OpenAI releases a new model. Google responds. Meta spends billions. Nvidia sells more chips. Governments announce national AI strategies, investors pour money into startups, and every few months another company promises that its…
ABE NEWS | August 29, 2026 India is preparing for what could become the biggest initial public offering in its history. Jio Platforms, the digital empire controlled by billionaire Mukesh Ambani’s Reliance Industries, has received approval from India’s securities regulator for an IPO expected to raise approximately $3.8 billion. The proposed offering would put…
ABE NEWS | THE WEEK IN BUSINESS | August 28, 2026 It was a week when artificial intelligence delivered staggering numbers, Canada discovered its economy was stronger than expected just as another trade shock arrived, one of the world’s biggest social-media companies agreed to one of the most consequential settlements in the industry’s history,…
ABE NEWS | August 27, 2026 The question hanging over the artificial-intelligence boom has been getting louder: How long can this extraordinary spending continue? Nvidia just delivered its answer. The world’s dominant supplier of artificial-intelligence chips reported another enormous quarter, with revenue reaching $96.2 billion, more than double the level recorded a year earlier….
ABE NEWS | August 26, 2026 One of the biggest legal battles over children, social media and the power of Big Tech has produced a landmark result. Meta Platforms, the parent company of Instagram and Facebook, has agreed to pay up to roughly $17.1 billion and make sweeping changes to how its platforms work…
ABE NEWS | MONDAY, AUGUST 24, 2026 Alibaba just made one of the biggest financial bets of the artificial-intelligence boom. The Chinese technology giant is raising HK$80 billion — approximately US$10.2 billion — by selling 710 million new shares. And Alibaba has already decided where essentially all of that money is going. Artificial intelligence….
