IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping 
GE Vernova Q2 Revenue Tops Estimates as Earnings Miss, Shares Slide Despite Higher 2026 Outlook 
KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
South Korea Q2 GDP Beats Forecasts as AI Chip Exports Drive Growth 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
South Korea’s Coupang Fine Sparks U.S. Criticism, Raising Concerns Over Bilateral Ties 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails 
General Motors revealed on Wednesday, Jan. 26, that it has plans of hiring more than 8,000 tech workers this year. The move is part of the company's efforts to fulfill its electric vehicle development and production goals.
General Motors need the new tech staff as it steps up the development of software, services, and other things related to EVs. As per Reuters, the automaker will be expanding its EV teams and dividing them into units for the vehicle software, engineer fuel cells, and autonomous technology.
The Detroit, Michigan-headquartered automotive manufacturer made the announcement for new job hirings just a day after it unveiled its $7 billion investment plan to build battery cell and assembly plants in Michigan. GM said that the new investments are the latest step it is taking to accelerate the firm's drive to become the EV market leader in North America by 2025, and this is expected to intensify its competition with rival Ford Motor Co.
General Motors is also set to compete with Tesla, which is currently the leader in the production of electric vehicles. Elon Musk's company will be opening its second factory in Austin, Texas, soon, and it is aiming to sell over one million EVs around the world this year.
At any rate, Detroit Free Press reported that General Motors is also aiming to hire top software developers worldwide. For this year, it is hoping to have already recruited 300 to 400 software specialists for its in-house Ultifi platform that will support apps and services to provide customers with assistance related to their EVs and gas-powered vehicles.
"We are building up the team to create the Ultifi platform and all the services, pieces and parts that need to be in place for that, which is about 100 people," the publication quoted GM director of software program and solution management, Gary Cygan, as saying in a statement. "We are staffing out the other areas that are building what sits on top of the platform: The apps, the features, the customization, things that we want to deliver to the customer."
