Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Meta Hires AWS Veteran Dave Brown to Lead AI Data Center Expansion
Meta is hiring Dave Brown, a longtime AWS executive, to lead its AI data center buildout. The move highlights the company's focus on operati
China Jails Blogger 20 Months for Faked Xiaomi SU7 Crash Video
A Chinese court sentenced blogger Gao to 20 months in prison for faking a crash test video that questioned the safety of Xiaomi's SU7 electr
South Korea Raids Top Memory Interface Chip Suppliers in Price-Fixing Probe
South Korean prosecutors raided Montage Technology, Renesas Electronics, and Rambus as part of a price-fixing investigation into memory inte
TSMC's Record Profit Not Enough as Taiwan Chip Stocks Slide on Capex Concerns
Taiwan's chip stocks slid on Friday even after TSMC posted a record quarterly profit. Investors took profits and shifted focus to the rising
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