Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
China's Top Phone Makers Slash 2026 Shipment Targets as Component Costs Bite
China's biggest smartphone brands are cutting 2026 shipment targets as parts get tighter and costs rise. Xiaomi slashed its target by 30% to
Japan Taps SoftBank-Backed Noetra to Build National AI Model for Robots
Japan's government has chosen SoftBank-backed Noetra to lead development of a national AI model for robots. The project, backed by up to 1 t
Microsoft Reportedly Plans Layoffs Under 2.5% as AI Spending Continues
Microsoft is reportedly planning another round of layoffs affecting sales, consulting, and Xbox teams, with cuts under 2.5% of its workforce
Bending Spoons Raises $1.68B in Rare Tech IPO, Prices Above Range at $29
Italian software roll-up Bending Spoons priced its US IPO at $29 a share, above the $26-28 range, raising $1.68 billion. The company, known
Australia Ends 25-Year Defense Software Deal with Objective, Trimming Recurring Revenue
Objective announced that Australia's Department of Defense is ending a 25-year upgrade and support program for its ECM software. The change
June Gloom Hits Magnificent Seven as AI Spending Fears Mount
The Magnificent Seven tech stocks all fell in June as investors grew concerned about their massive AI spending. Meanwhile, chipmakers and ot
Oppenheimer: Akamai's $1.8B AI Cloud Deal Signals Undervalued Growth
Oppenheimer believes Akamai's AI cloud deals are undervalued by the market. The broker highlights a $1.8 billion, seven-year agreement and f
Zoom's Three-Tier AI Strategy: Free Features to Paid Add-Ons Could Boost Revenue
Zoom is rolling out AI in three tiers, from free meeting summaries to a $20-per-user-per-month ZoomMate add-on. RBC Capital Markets believes
Morgan Stanley: Alphabet Could Add 9GW of Compute by 2028, Boost AI Revenue
Morgan Stanley says Alphabet's AI compute plan is becoming clearer, with potential to add 9 gigawatts of capacity by 2028 and sell 4 gigawat
Toyota Takes Majority Stake in Joby Joint Venture to Mass-Produce S4 Air Taxi
Joby Aviation and Toyota have launched a joint venture to manufacture the S4 electric air taxi, with Toyota holding a 51% stake. The deal gr
Wonder to Launch Zipline Drone Food Delivery in Dallas Ahead of 2027 IPO
Wonder, the company behind Grubhub, plans to begin drone food delivery in Dallas in January using Zipline drones. The expansion into Texas i
Google-Backed Apptronik Opens Robot Park to Train Humanoids for Real-World Work
Apptronik has opened a 90,000-square-foot Robot Park in Austin to train its Apollo 2 humanoid robots for real-world tasks. The facility, bac