Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
CoreWeave lands Hudson River Trading as AI cloud customer
CoreWeave has signed Hudson River Trading as a customer to train AI models on its Nvidia-powered cloud. The deal adds to a $104.2 billion ba
Micron to invest $10B in Idaho AI memory research lab
Micron will spend $10 billion over the next decade on a new AI memory research lab in Boise, Idaho, with construction starting in 2027. The
Unitree Robotics shares surge 460% on Shanghai debut after $904M IPO
Unitree Robotics' stock soared 460% on its first day of trading in Shanghai after the company raised 6.1 billion yuan. The surge highlights
China's robot showcase becomes a launchpad for IPO-bound robotics firms
Beijing's World Robot Conference is showcasing more than 300 exhibitors, with several robotics companies preparing for IPOs. The event highl
Alibaba's AI cloud revenue jumps 45% as spending surges 75%
Alibaba reported a 9% revenue rise in the June quarter, powered by a 45% surge in AI cloud revenue. Capital spending jumped 75% as the compa
Kingsoft's AI push lifts profits as cloud turns profitable, games slip
Kingsoft's latest quarter shows AI investments paying off: cloud turned its first GAAP operating profit, and overall revenue rose 9%. But on
Stripe's $8B OpenRouter deal shows AI's shift to infrastructure
Stripe's $8 billion deal for OpenRouter highlights how AI is moving from flashy apps to the plumbing that makes usage predictable and billab
Stripe's $8B OpenRouter deal targets AI model costs
Stripe is buying OpenRouter for over $8 billion, a move that could reshape how businesses pay for and route AI requests. The deal gives Stri
AI's massive spending spree is quietly propping up the US economy
AI spending has become a major force in the US economy, with Wall Street finding new ways to finance it. But how long can the boom last? We
Tech stocks slip as White House keeps AI rules vague; Marvell jumps, Nebius falls
Chip stocks slipped as the White House stayed vague on AI rules, with the Philadelphia Semiconductor Index down 2%. Marvell jumped on a Goog
Palo Alto Networks: AI push shows promise, but partners stay cautious
UBS sees strong demand for Palo Alto Networks' firewalls and cloud security, but reseller partners remain lukewarm since April's Mythos laun
Cerebras CS-4 claims 6x speed boost, widening gap with GPUs
Cerebras Systems launched its CS-4 AI inference system at Supernova, and UBS analysts say the new hardware is six times faster than the prio