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Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting them keep the debt off their balance sheets (Carmen Arroyo/Bloomberg)

Carmen Arroyo / Bloomberg : Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting...

13 October 2024

Report: Chinese video surveillance tech supplier Hikvision plans to lay off 1,000+ employees in its R&D department; Hikvision denied any "large-scale lay-offs" (Ann Cao/South China Morning Post)

Ann Cao / South China Morning Post:
Report: Chinese video surveillance tech supplier Hikvision plans to lay off 1,000+ employees in its R&D department; Hikvision denied any “large-scale lay-offs”  —  The Hangzhou-based company says it is optimising its research manpower, while denying large-scale lay-offs

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