Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Chinese AI Startup Moonshot AI Pauses Subscriptions After Kimi K3 Launch Strains GPU Capacity
Chinese AI startup Moonshot AI paused new subscriptions days after launching Kimi K3, as demand strained GPU capacity. The company is also i
UK CFOs Embrace AI as Geopolitical Fears Ease, Deloitte Survey Shows
UK finance chiefs are increasingly optimistic about AI's potential, with 73% expecting it to improve performance. Meanwhile, geopolitical co
Alphabet and Tesla Earnings Kick Off a Critical Week for Big Tech's AI Spending
Alphabet and Tesla report earnings this week, giving investors a first look at whether Big Tech's huge AI spending is generating returns or
Samsung Electronics America to Cut 739 Jobs in NJ, Move HQ to Texas
Samsung Electronics America has filed a WARN notice indicating up to 739 job cuts in Englewood Cliffs, New Jersey, as it prepares to move it
DeepSeek Eyes $7 Billion Fundraise at $70 Billion Valuation Ahead of Shanghai IPO
DeepSeek, a Hangzhou-based AI startup, is reportedly weighing a new fundraise of up to 50 billion yuan at a valuation of about 500 billion y
China Pushes Open AI Models as US Chip Stocks Tumble Into Bear Market Territory
China's president made his first appearance at the country's flagship AI conference, signaling AI's central role in national strategy. Meanw
Chip Stocks Slide 17% as Middle East Tensions Override Cooling Inflation
Chip stocks tumbled despite cooler inflation, with the VanEck Semiconductor ETF dropping 17% from its June 22nd high. Middle East tensions a
Netflix Revenue Miss and Reduced Disclosure Hit Stock, Weigh on Consumer ETFs
Netflix shares dropped 7.4% after the streamer missed Q2 revenue forecasts and said it will stop publishing its semi-annual engagement repor
AI Deal Chatter and Chip Software Shake-Up Hit Tech Stocks
Meta fell 3.2% on reports of AI deal talks with Anthropic, while Synopsys dropped 10% after shifting resources to higher-margin AI design. T
China's Xi Unveils Global AI Alliance as Beijing Pushes Open Models to Counter US Dominance
President Xi Jinping made his first appearance at China's flagship AI conference, unveiling a new global cooperation body. Chinese AI models
US Chip Stocks Plunge Into Bear Market Territory as AI Darlings Suffer Steep Losses
US chip stocks just suffered one of their worst weeks in more than a year, with the Philadelphia Semiconductor index down 10% and briefly en
Meta Eyes $10B AI Compute Deal with Anthropic; Apple in Early DOJ Settlement Talks
Meta is reportedly discussing a massive data center compute deal with AI startup Anthropic worth up to $10 billion. Meanwhile, Apple has ini