latest news in companies
Janel Grant Alleges WWE Sought Falsified Statement in First Public Address on McMahon Case
Stamford, Saturday, 21 February 2026.
In her first public appearance regarding sex trafficking allegations against Vince McMahon, Janel Grant revealed WWE representatives allegedly pressured her to sign a statement falsely claiming their relationship was consensual. Grant described TKO’s headquarters as filled with “intimidated people,” renewing scrutiny on corporate governance.
OpenAI Slashes Infrastructure Spending Forecast to $600 Billion as IPO Looms
San Francisco, Saturday, 21 February 2026.
OpenAI recalibrated its 2030 infrastructure target to $600 billion, effectively halving previous estimates of $1.4 trillion, marking a pivotal shift in capital strategy as it prepares for a public listing.
Microsoft Gaming Leadership Shake-Up: Phil Spencer Retires as Asha Sharma Takes Charge
Redmond, Friday, 20 February 2026.
In a seismic shift for the video game industry, Phil Spencer has retired as CEO of Microsoft Gaming after 38 years, concluding a tenure that redefined the Xbox brand. He is effective immediately succeeded by Asha Sharma, a former Meta and Instacart executive who joined Microsoft’s CoreAI division in 2024. This massive leadership overhaul also marks the surprise resignation of Xbox President Sarah Bond. While Sharma brings deep technical expertise to the role, her inaugural address notably rejected “soulless AI slop,” promising a continued commitment to human-centric creativity. This transition signals a critical strategic pivot for Microsoft (NASDAQ: MSFT) as it navigates the complex integration of its $75 billion Activision Blizzard acquisition.
Anthropic Unveils AI Security Tool That Reasons Like a Human Researcher
San Francisco, Friday, 20 February 2026.
Moving beyond standard pattern matching, this agentic AI autonomously identifies complex logic errors, recently uncovering high-severity vulnerabilities in open-source software that went undetected for decades.
PayPal Loan Application Glitch Exposes Sensitive User Data for Six Months
San Jose, Friday, 20 February 2026.
A coding flaw in PayPal’s loan platform left sensitive data, including Social Security numbers, exposed for nearly six months, leading to unauthorized transactions and immediate security protocol revisions.
Rogers Shifts Internal IT Support to Third-Party Vendor Amid Strategic Restructuring
Toronto, Friday, 20 February 2026.
Rogers Communications has confirmed the outsourcing of its in-house IT support, affecting nearly 100 roles. While the vendor intends to rehire most staff, this move underscores a broader telecommunications trend toward operational efficiency and cost management.
Amazon Overtakes Walmart as World’s Top Revenue Generator
Seattle, Thursday, 19 February 2026.
Amazon has officially ended Walmart’s reign as the largest company by revenue, posting $716.9 billion. This historic milestone signals the definitive economic shift from traditional retail to digital ecosystems.
Sony Shuts Down Bluepoint Games Amid Retreat From Live Service Expansion
Austin, Thursday, 19 February 2026.
Sony confirms the closure of remaster specialist Bluepoint Games, impacting 70 employees. The move follows the cancellation of a live-service God of War title, underscoring the industry’s broader correction regarding service-based revenue models.