International Business Machines Corp. will cut thousands of workers this quarter while it continues to shift the focus of its business to higher-growth software and services.

Amazon.com Inc. has sent a cease-and-desist letter to Perplexity AI Inc. demanding that the artificial intelligence search startup stop allowing its AI browser agent, Comet, to make purchases online for users.

TikTok is under investigation in France for failing to vet material that promotes suicide on the Chinese video-sharing platform.

Apple Inc. is preparing to enter the low-cost laptop market for the first time, developing a budget Mac aimed at luring away customers from Chromebooks and entry-level Windows PCs.

Microsoft Corp. has committed more than $60 billion to neocloud data center companies, evidence of the company’s race to find enough computing capacity for its AI needs.

US utilities are on track to spend $150 million on lobbying this year, reaching the highest level in more than a decade, according to fresh data from nonprofit OpenSecrets.

Stegra AB’s new Chairman Shaun Kingsbury said the current capital raise likely will be completed in the first quarter as the Swedish green-steel startup races to secure fresh funding to cover ballooning construction costs.

Caterpillar Inc. laid out new growth targets to boost revenue and double capital spending in a bid to capitalize on rising demand for energy to power data centers.