Atlassian Corp. Chief Executive Officer Mike Cannon-Brookes announced plans to cut about 1,600 workers, saying the shift to artificial intelligence was a key factor behind the move.

China is increasingly clawing back profits from state companies to cover some of the government’s spending needs, drawing on them more than ever during a year that saw an almost unprecedented decline in budget revenue.

People have flocked to the OpenClaw artificial intelligence agent since it was launched in November by Austrian programmer Peter Steinberger. The digital assistant can use your computer to handle complex tasks that previously only a human could undertake, such as making travel bookings, prioritizing emails and drafting replies, surveying product catalogs and emailing vendors.

Bumble Inc. unveiled a new artificial intelligence-powered assistant designed to act as a personal matchmaker, the company’s latest effort to reinvigorate itself at a time when many users have shown dating-app fatigue.

Buyers are joining special purpose vehicles to get a piece of the hottest companies before they go public. Sometimes the funds don’t actually own any shares.

Petco Health & Wellness Co. forecast annual earnings above analyst estimates, signaling that consumer pet spending remains durable despite tariff and economic uncertainty. The shares surged as much as 20% in postmarket trading.

Apple Inc.’s forthcoming foldable iPhone will include updates to the iOS operating system that enable iPad-like layouts and side-by-side apps for the first time, enhancing the device’s appeal for multitasking.

Xanadu Quantum Technologies Inc. is set to receive as much as C$390 million ($287 million) in government financial aid to build the engineering and domestic manufacturing capabilities for its first quantum-powered data center in Ontario, a deal that’s being negotiated just as the company is about to go public.