Meta to Create New Applied AI Engineering Organization
New teams will have a "flat structure" with up to 50:1 ratio of individual contributors to managers, according to an internal memo.
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Blackstone Played Down Private-Credit Risks. Now It's Been Hit.
Outflows topped inflows by a record $1.7 billion in Blackstone's huge $82 billion private-credit fund in its latest quarter.
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CrowdStrike CEO Shakes Off Software Concerns as Fourth-Quarter Sales Rise
Chief Executive George Kurtz said demand and revenue are climbing despite market fears that the rise of artificial intelligence could upend software makers.
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OpenAI CEO Sam Altman Defends Pentagon Work to Staff, Calls Backlash 'Really Painful'
The startup's deal to do classified work with the Defense Department drew criticism from staff and other AI researchers.
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Moderna to Pay $950 Million to Settle Patent Cases From Arbutus, Genevant
Moderna's stock climbed in after-hours trading while shares of Arbutus fell.
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Thrive Capital, A16Z to Lead Anduril Investment at $60 Billion Valuation
Palmer Luckey's defense technology company builds AI-powered autonomous weapons.
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Tesla Stock Falls as Investors Wait for Its New Robot, Optimus Version 3.0
Shares slumped with the rest of the market on Tuesday.
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News Corp, Meta in AI Content Licensing Deal Worth Up to $50 Million a Year
The multiyear pact gives Meta access to content for training and to retrieve information for users of its AI tools.
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Starbucks to Open Nashville Office, Relocate Supply-Chain Workers
The coffee chain expects to open the office later this year as part of efforts to expand in parts of the U.S., the company said in an internal message.
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DraftKings Is Using Its Sports-Betting Playbook to Win Prediction Markets Race
As federal policymakers grapple with how to regulate predictions markets, DraftKings is going all-in on its predictions product and aims to overtake industry leader Kalshi.
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Ross Stores Fourth-Quarter Sales Rise as Traffic Picks Up
The retailer expects its strength to continue in the current quarter, which it said is off to a strong start.
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GitLab Forecasts Slower Sales Ahead, CEO Shares Plans to Boost Growth
Gitlab expects sales to slow this year and outlined several initiatives to help boost guidance that its chief executive officer described as disappointing.
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Verizon Recently Weighed Pulling Back On NFL Sponsorship Deal
The company decided against the changes but is scrutinizing other major sports- and music-marketing agreements.
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Target's New CEO Has a $6 Billion Plan to Turn the Tide
Michael Fiddelke is promising to get the retailer growing again with investments in stores, workers and technology.
(END) Dow Jones Newswires
March 04, 2026 03:00 ET (08:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.