Wednesday, July 10, 2024

A US judge rules in favor of X in a lawsuit alleging X owes $500M+ in severance pay to ~6,000 laid-off staff, saying the claims were not covered under ERISA (Robert Burnson/Bloomberg)

Robert Burnson / Bloomberg:
A US judge rules in favor of X in a lawsuit alleging X owes $500M+ in severance pay to ~6,000 laid-off staff, saying the claims were not covered under ERISA  —  The suit alleged that X, formerly known as Twitter, and Musk owed at least $500 million in severance pay to about 6,000 laid-off …



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UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)

Mauro Orru / Wall Street Journal : UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center bui...