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blockonomi.com Rivian (RIVN) Stock: Company Cuts Jobs and Settles $250 Million Lawsuit as EV Market Weakens

TLDR Rivian is cutting its workforce by 4.5%, affecting nearly 700 employees out of almost 15,000 total staff The company settled a 2022 securities class action lawsuit for $250 million while denying wrongdoing Rivian expects to sell only 43,000 vehicles this year, far below the 116,000 Wall Street projected two years ago The $7,500 federal [...] The post Rivian (RIVN) Stock: Company Cuts Jobs and Settles $250 Million Lawsuit as EV Market Weakens appeared first on Blockonomi.

blockonomi.com Google Announces Multi-Billion Dollar AI Chip Deal With Anthropic

TLDR Google will provide Anthropic with up to 1 million Tensor Processing Units (TPUs) in a deal worth tens of billions of dollars, set to deploy in 2026 The arrangement will add over 1 gigawatt of computing capacity to support Anthropic’s AI operations Anthropic’s annual revenue has reached $7 billion, with Claude serving more than [...] The post Google Announces Multi-Billion Dollar AI Chip Deal With Anthropic appeared first on Blockonomi.

blockonomi.com Intel (INTC) Stock: Chipmaker Crushes Earnings After Government Becomes Top Shareholder

TLDR Intel reported Q3 revenue of $13.7 billion, beating analyst expectations of $13.15 billion, with adjusted earnings per share of $0.23 versus the projected $0.01. The U.S. government became Intel’s largest shareholder with a 10% stake through an $8.9 billion investment in August 2025, part of a strategy to restore domestic semiconductor production. Intel received [...] The post Intel (INTC) Stock: Chipmaker Crushes Earnings After Government Becomes Top Shareholder appeared first on Blockonomi.