Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Tesla to retire Cybertruck next year to make room for Cybercab
Tesla will wind down Cybertruck production around June or July next year to free up capacity for its Cybercab robotaxi. Sales have fallen we
Amazon wins UK approval to expand drone deliveries in Darlington
Amazon has received UK regulatory approval to scale up its drone delivery trial in Darlington, expanding from about 600 to 8,000 eligible cu
Infineon targets €20B revenue by 2027 on AI and EV chip demand
German chipmaker Infineon is aiming for €20 billion in revenue by its fiscal 2027, powered by AI data-center demand and electrification. The
Moonshot denies reported Nvidia B300 server deal in China, raising export control questions
Moonshot says it didn't strike a reported deal to rent Nvidia B300 servers in China. The dispute, tied to removed central bank filings, rais
Europe's chip CEOs bet on 'physical AI' as a must-win for the region
At a Munich event, the CEOs of Infineon, STMicroelectronics, and NXP said the next AI wave belongs in physical machines, not just data cente
SoftBank swings to $7B loss as AI data center costs mount
SoftBank swung to a 1.1 trillion yen ($7B) net loss in the July-September quarter, hit by costly US data center prepayments and a $3.7B char
Tata iPhone factory deaths put Apple's India expansion under scrutiny
Three contract workers died at a Tata Electronics iPhone parts factory in Hosur, India, prompting investigations by Tata, Apple, and state a
US probes Nvidia customer Megaspeed as assets jump to $3B
Singapore cloud firm Megaspeed, an Nvidia customer, faces fresh US scrutiny after filings showed assets ballooning to $3 billion in 2024 fro
Anthropic IPO Filing Mix-Up Tests AI Market Nerves
A draft IPO filing from Anthropic, briefly circulated then retracted, suggested a nearly $70 billion raise, rattling an AI market already on
Anthropic's IPO paperwork sent to banks, then retracted
Anthropic's IPO plans hit a snag as draft pricing details were sent to banks and then retracted. The paperwork also revealed a $26 billion p
SoftBank, Grab and PETROS commit $1.85B to Malaysia AI data centers
SoftBank, Grab and Malaysia's PETROS are investing $1.85B to build AI data centers in Sarawak and Peninsular Malaysia, aiming for 5 GW of ca
Chip ETFs Surge 7-8% on Anthropic AI Upgrade and SpaceX Texas Compute Plan
Chip ETFs rose 7-8% Monday after Anthropic released faster Claude 5.2 models and a SpaceX notice revealed a $24 billion Texas power and supe