Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Intel's $15B share sale to fund foundry expansion may dilute stock
Intel is raising $15 billion by selling new shares to fund its foundry expansion, citing AI-driven CPU demand that's outpacing capacity. The
Tesla expands Japan delivery network to 11 sites as demand rises
Tesla is adding delivery sites in Japan, from seven to 11, to handle rising demand after subsidies and a free charging push. The expansion a
SK Hynix weighs outside partner for $3B China chip plant
SK Hynix is weighing whether to bring in an outside partner for its Chongqing plant in China, a facility Bloomberg values at around $3 billi
Unitree's Shanghai IPO tests investor appetite for humanoid robots
Unitree has priced its Shanghai IPO at 150.8 yuan a share, targeting 6.1 billion yuan. The company is profitable but humanoid robots are sti
Nvidia's $3B Lancium stake targets AI's power bottleneck
Nvidia is reportedly planning to invest up to $3 billion in Lancium, a Texas company that secures land and electricity for AI data centers.
OpenAI locks down Astra development over hacking concerns
OpenAI has paused some work on its next model, Astra, after internal tests suggested it might be able to autonomously find and exploit serio
Datadog's Q2 growth accelerates to 35.6% as OpenAI renews
Datadog's Q2 revenue grew 35.6% year-over-year, according to RBC, with OpenAI renewing its contract in Q3. Management's conservative outlook
Doximity lifts 2027 revenue forecast, touts AI safety win
Doximity shares jumped after the digital health platform raised its fiscal 2027 revenue forecast and said its Doximity Ask AI model beat the
Pay by bank hits 120 million users as open banking goes mainstream
Swedish fintech Trustly says it now has 120 million users worldwide, including 15 million in the UK. The surge shows open banking payments a
Cloudflare lifts forecasts as AI traffic boosts network demand
Cloudflare raised its full-year revenue and profit forecasts after the close Thursday, citing strong AI-driven network demand. The company n
SK Hynix approves $38B memory chip expansion through 2031
SK Hynix's board approved 54.3 trillion won ($38.3 billion) for new memory chip plants in Yongin and Cheongju, with first cleanrooms slated
ByteDance reportedly trains 10-trillion-parameter AI model
ByteDance is reportedly pre-training an AI model with up to 10 trillion parameters, a scale that could rival Anthropic's Mythos. The move si