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US Tech Firms Lose Millions, Citing Opaque BIS Export License Delays
A Center for Strategic & International Studies (CSIS) survey of 31 major American technology companies revealed significant export license delays. The Bureau...
OpenAI nears $10B joint venture, embedding AI engineers inside major corporations
OpenAI is reportedly forming a $10 billion joint venture named DeployCo, according to the Financial Times. The entity will implement AI systems directly within...
🟢 VGT is trading 1.57% up today on U.S.-Iran ceasefire extension and 8:1 share split
VGT is trading at $102.60 (up 1.57%) amid a broader market rally driven by President Trump's indefinite extension of the U.S.-Iran ceasefire, which has...
Google Cloud Lands $1B Merck Deal, Signaling Shift To Operational AI
Google Cloud unveiled several major enterprise partnerships at its Cloud Next '26 event. The company signed a multi-year deal with Merck valued at up to $1...
Google Launches Dual 8th-Gen AI Chips, Challenging Nvidia’s Market Dominance
Google announced new Tensor Processing Units (TPUs) at its Cloud Next 2026 event. These 8th-generation chips split Google's AI strategy into two specific...
OpenAI partners with Accenture and TCS, scaling Codex for enterprise use
OpenAI is expanding partnerships with global IT consulting firms including Accenture, Capgemini, Cognizant, Infosys, PwC, and Tata Consultancy Services...
SpaceX secures $60B Cursor option, arming xAI for OpenAI rivalry
SpaceX reportedly secured an option to acquire AI coding startup Cursor for approximately $60 billion. This deal provides Elon Musk’s xAI a strategic asset to...
ASMPT bookings hit 4-year high, fueled by surging AI chip demand
ASMPT Limited reported Q1 revenue of US$507.9 million. Bookings reached US$727.0 million, marking the highest level in four years. The company recorded a...
Apple names John Ternus CEO, ending Tim Cook’s $4 trillion era
Apple announced Tim Cook will step down as CEO on September 1, 2026. Cook will transition to the role of executive chairman. John Ternus, current senior vice...
Tesla Reports Q1 Earnings, Betting on AI to Offset Weak Deliveries
Tesla will report first-quarter 2026 financial results after the market close today. Investors are weighing the company's pivot to AI and robotics against...
Apple names John Ternus CEO, Tim Cook to become Executive Chairman
Apple announced on April 21, 2026, that CEO Tim Cook will step down effective September 1, 2026. Cook will transition to executive chairman of the board after...
Amazon invests $25B in Anthropic, securing $100B cloud deal
Amazon is investing an initial $5 billion in AI research firm Anthropic. The total investment could eventually reach $25 billion. This strategic partnership...
Amazon lands $100B Anthropic deal, fueling JP Morgan S&P 500 upgrade
Amazon and Anthropic finalized a deal worth over $100 billion in cloud computing spending. Anthropic will use Amazon Web Services (AWS) for its computing...
Apple Names John Ternus CEO, Transitioning Tim Cook to Executive Chairman
Apple CEO Tim Cook will transition to the role of Executive Chairman on September 1, 2026. John Ternus, currently Senior Vice President of Hardware...
Musk taps Intel for Terafab AI factory, sending Intel stock up 50%
Elon Musk is accelerating the Terafab project, a vertically integrated AI chip factory. This facility will supply hardware to Tesla, SpaceX, and xAI. Intel...
Musk Taps Intel for Terafab AI Factory, Sending Intel Stock Up 50%
Elon Musk is accelerating the Terafab project, a vertically integrated AI chip factory. The facility will supply hardware to Tesla, SpaceX, and xAI. An...
Anthropic launches Claude Design, sending Adobe and Figma valuations lower
Anthropic released Claude Design, an AI-powered workspace for generating prototypes, presentations, and marketing materials. The tool utilizes the new Opus 4.7...
OpenAI commits $20 billion to Cerebras, challenging Nvidia’s chip dominance
OpenAI agreed to spend more than $20 billion over three years on AI servers from chip startup Cerebras Systems. The agreement includes a potential equity stake...
Meta to Launch Major Layoffs May 20, Seeking Operational Efficiency
Meta will begin a significant wave of layoffs starting May 20. The company is reducing its workforce to reassess growth strategies and operational...
Netflix Plunges 10%, Driven by Soft Guidance and Hastings Exit
Netflix (NFLX) shares fell more than 10% on Friday. The company reported first-quarter earnings per share of $1.23, beating the $0.79 forecast. Management...