Category: Business

BusinessPolicyTelecom

Verizon Begins Distributing $100 Million Settlement to Customers Over Undisclosed Fees

Verizon has initiated payments in a major class-action settlement addressing undisclosed fees on wireless bills. Eligible customers could receive between $5 and $100 through various payment methods. The distribution follows claims filed before the April 2024 deadline.

Verizon Settlement Payments Underway

Verizon has reportedly begun distributing approximately $100 million to eligible customers as part of a class-action settlement, according to recent reports. The telecommunications giant is making payments to customers who filed claims regarding undisclosed fees on their postpaid wireless bills.

by Priya Kapoor
BusinessStartupsTechnology

Refurbed Secures £44 Million Investment Following Workforce Restructuring

Austrian startup Refurbed has reportedly secured £44 million in new funding just eight months after reducing its workforce by 20%. The company, which operates a marketplace for refurbished electronics, plans to use the capital to expand into the UK market following recent profitability achievements.

Funding Round Details

Austrian startup Refurbed has reportedly raised £44 million in a recent funding round, according to sources familiar with the matter. The investment comes approximately eight months after the company implemented significant workforce reductions, cutting 20% of its staff earlier this year.

by Priya Kapoor
BusinessSoftwareTechnology

Microsoft to Retire Office Online Server in 2026, Shifts Focus to Cloud-Based Microsoft 365

Microsoft is phasing out its Office Online Server by the end of 2026, ending security updates and support. The company is directing users toward its Microsoft 365 platform to ensure continued access to secure, collaborative tools.

Microsoft Announces End of Support for Office Online Server

Microsoft will officially retire its Office Online Server service on December 31, 2026, according to reports from the company’s support blog. Sources indicate that after this date, no further security updates or bug fixes will be provided, leaving organizations that continue using the service vulnerable to potential cyber threats.

by Samuel Kim
AIBusinessPartnerships

Microsoft and OpenAI Partnership Faces Strain as AI Demands Escalate and Alliances Shift

The strategic partnership between Microsoft and OpenAI is under pressure as OpenAI seeks additional computing power beyond Azure. Reports indicate internal friction at both companies as OpenAI pursues multibillion-dollar deals with rivals.

Partnership Under Pressure

The technology alliance between Microsoft and OpenAI, once heralded as a landmark collaboration in artificial intelligence, is showing significant strain according to industry reports. Sources familiar with the matter indicate that OpenAI’s escalating computational demands and pursuit of alternative cloud providers have created internal tensions at both organizations.

by Priya Kapoor