Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Musk Denies WSJ Report That SpaceX Pitched AI Device to Investors
Elon Musk has denied a Wall Street Journal report that SpaceX pitched a handset-like AI device to investors ahead of its IPO. The report sai
Bending Spoons IPO Raises $1.68B, Opens Above Offer Price in Test for Software Deals
Bending Spoons, an Italian software serial acquirer, raised $1.68 billion in its US IPO, pricing at $29 and opening at $31. The strong debut
US Lifts Ban on Anthropic's Fable 5 AI Model, but Regulatory Scrutiny Persists
Anthropic can now sell its Fable 5 AI model after the US government lifted restrictions. The move follows a similar partial restoration for
Meta Plans Cloud Business to Rent Out AI Computing Power, Easing Spending Fears
Meta is reportedly planning a cloud business that would let customers rent access to its AI models and spare computing power. The move could
Meta's Cloud Ambitions Lift Stock 10% as Oil Drops, Yields Rise
Meta shares surged 10% after Bloomberg reported the company is building a cloud business to sell AI computing power and models. Meanwhile, o
Meta Names First Chief Data Officer as AI Analytics Takes Center Stage
Meta is putting its top marketer in charge of data. Alex Schultz becomes the company's first chief data officer, overseeing AI analytics glo
Aramco Ventures Leads $800M Series C in Together AI at $8.3B Valuation
Together AI has secured $800 million in Series C funding led by Aramco Ventures, reaching an $8.3 billion valuation. The open-source AI infr
iPhone Buyers More Excited by Foldables Than AI, UBS Survey Shows
A UBS survey shows iPhone buying interest is picking up in the US and parts of Europe, but Apple Intelligence isn't driving upgrades. Instea
Oxmiq Raises $35M to Simplify AI Chip Design with All-in-One IP Block
AI chip startup Oxmiq raised $35 million to make custom AI chip design cheaper and faster. The company plans to bundle CPU, GPU, and tensor
Meta Explores Cloud Business to Sell Excess AI Compute Capacity
Meta is exploring a cloud business to sell access to its AI models and spare computing capacity, according to Bloomberg. The move could put
AI Overtakes Demand as Top Reason for June Layoffs, Challenger Reports
US employers announced 45,849 planned job cuts in June, with artificial intelligence cited as the leading cause for 14,029 of them. Technolo
BYD's Overseas Sales Surge 95% Offsets 22% China Drop in June Deliveries
BYD delivered 403,472 vehicles in June, up 5.5% year-on-year, as overseas sales surged 94.7% to 175,349 units. The export boom helped offset