Amazon shares tumble as it joins the Big Tech AI spending spree

Starbucks will cut about 900 jobs and close its worst performing stores in the US as well as some in the UK as part of a cost-saving restructure, the coffee chain said. Most of the stores earmarked for closure are in North America and its chief executive said the revamp would reduce wait times and…

Osmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…

An emergency food charity that sends meals to foodbanks across Blackpool has said it could face closure without support to keep its services running. The Big Food Project is a redistributor of surplus food from supermarkets and manufacturers to 125 foodbanks, schools, community kitchens, crisis services and families across Blackpool, Fylde and Wyre. It said…

Elon Musk’s platform X has limited image editing with its AI tool Grok to paying users, after it came under fire for allowing people to make sexualised deepfakes. There has been a significant backlash after the chatbot honoured requests from users to digitally alter images of other people by undressing them without their consent. But…