Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Telstra CEO Blames Missed Software Patch and Undocumented Server Change for 000 Outage
Telstra CEO Vicky Brady told a Senate committee that the recent 000 outage could have been prevented if a software patch had been installed
Berenberg Raises ASML Price Target After Stronger 2026 Margin Guidance
Berenberg raised its ASML price target to €2,100 after the company's Q2 2026 update revealed revenue guidance of €43-45 billion and a gross
China's Moonshot Unveils Kimi K3: A 2.8-Trillion-Parameter AI Model Challenging US Rivals
Chinese AI startup Moonshot has released Kimi K3, a massive open-weight model with 2.8 trillion parameters and a 1 million-token context win
Databricks Hits $188 Billion Valuation in Coatue-Led Funding Round
Databricks has signed a term sheet for a strategic funding round led by Coatue, valuing the data-analytics firm at $188 billion. The round,
Japan Bets $2.4 Billion on Humanoid Robots to Regain AI Edge; Energy IPOs Surge
Japan's Noetra project aims to build an AI model for humanoid robots, partnering with Nvidia. Meanwhile, energy IPOs hit a record $12.6 bill
China's CXMT Raises $8.6 Billion in Mega STAR Market IPO as Retail Demand Surges
China's memory chipmaker CXMT is set to raise $8.6 billion in Asia's biggest IPO this year. Retail investors oversubscribed the deal by 243
Moonshot's Kimi K3 Pushes Open-Weight AI Near GPT-5.5 Performance
Moonshot's Kimi K3, with 2.8 trillion parameters and a 1 million-token context window, tests near top US models. Its open-weight release cou
PayPal Board Skeptical of $53 Billion Stripe-Advent Takeover Bid, Seeks Higher Price
PayPal's board is not convinced by a $53 billion takeover bid from Stripe and Advent International at $60.50 per share, calling it light on
Intuitive Surgical Beats Q2 Estimates but Stock Falls 9% on Steady 2026 Outlook
Intuitive Surgical reported strong Q2 results, with da Vinci procedure volumes up 15% year-on-year and earnings beating estimates. However,
Netflix Forecast Misses Estimates, Will Cut Viewing Data Reports to Once a Year
Netflix forecasted $12.86 billion in Q3 revenue, slightly below analyst estimates, and said it will publish its viewing-hours report only on
Apple's June iPhone Sales Hold Steady, but Memory Costs Threaten Margins: UBS
UBS says Apple's June-quarter iPhone sales were steadier than feared, but rising memory costs could squeeze margins. The company reports fis
Arteris Gets a Fresh Look as AI Chips Get More Complex
Oppenheimer has initiated coverage on Arteris, arguing that increasingly complex AI chips are boosting demand for its network-on-chip techno