Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
DeepSeek Eyes $7 Billion Fundraise at $70 Billion Valuation Ahead of Shanghai IPO
DeepSeek, a Hangzhou-based AI startup, is reportedly weighing a new fundraise of up to 50 billion yuan at a valuation of about 500 billion y
China Pushes Open AI Models as US Chip Stocks Tumble Into Bear Market Territory
China's president made his first appearance at the country's flagship AI conference, signaling AI's central role in national strategy. Meanw
Chip Stocks Slide 17% as Middle East Tensions Override Cooling Inflation
Chip stocks tumbled despite cooler inflation, with the VanEck Semiconductor ETF dropping 17% from its June 22nd high. Middle East tensions a
Netflix Revenue Miss and Reduced Disclosure Hit Stock, Weigh on Consumer ETFs
Netflix shares dropped 7.4% after the streamer missed Q2 revenue forecasts and said it will stop publishing its semi-annual engagement repor
AI Deal Chatter and Chip Software Shake-Up Hit Tech Stocks
Meta fell 3.2% on reports of AI deal talks with Anthropic, while Synopsys dropped 10% after shifting resources to higher-margin AI design. T
China's Xi Unveils Global AI Alliance as Beijing Pushes Open Models to Counter US Dominance
President Xi Jinping made his first appearance at China's flagship AI conference, unveiling a new global cooperation body. Chinese AI models
US Chip Stocks Plunge Into Bear Market Territory as AI Darlings Suffer Steep Losses
US chip stocks just suffered one of their worst weeks in more than a year, with the Philadelphia Semiconductor index down 10% and briefly en
Meta Eyes $10B AI Compute Deal with Anthropic; Apple in Early DOJ Settlement Talks
Meta is reportedly discussing a massive data center compute deal with AI startup Anthropic worth up to $10 billion. Meanwhile, Apple has ini
Meta Weighs $10 Billion AI Compute Lease Deal with Anthropic
Meta is evaluating a proposal from AI startup Anthropic to lease computing power in a deal that could be worth up to $10 billion over two ye
UBS: Netflix's Ad Tier Gaining Traction, $3 Billion Revenue Expected by 2026
Netflix's ad-supported tier is starting to generate more revenue per subscriber, according to UBS. The bank expects $3 billion in ad sales b
Chinese AI Models Now Rival US Leaders, Says Top VC Andreessen
Chinese AI companies are no longer just cheaper alternatives—they're building models that compete head-to-head with US leaders. Zhipu recent
ASML Rewards Workers with €20,000 Bonus as AI Chip Boom Drives Profits
ASML, the Dutch chip equipment giant, is sharing its AI-fueled success with staff through a €20,000 one-time bonus and a long-term share awa