Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
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
South Korea's Chip Titans Pledge $2.07 Trillion to Double AI Memory Output
Samsung Electronics and SK Hynix have pledged 3,200 trillion won ($2.07 trillion) to boost AI memory production, supporting South Korea's go
Meituan Enters China's AI Race with Open-Source LongCat-2.0 Model Trained on Domestic Chips
Meituan has released LongCat-2.0, a trillion-parameter large language model that it plans to open-source. The model was trained entirely on
Vocus Plans $500M Ducted Fiber Link to Ease AI Data Traffic Between Sydney and Melbourne
Vocus, backed by Macquarie, plans to invest about A$500 million in a new ducted fiber link between Sydney and Melbourne. The project aims to
Infineon Gets Revenue Boost Forecast as AI Data Centers Drive Power Chip Demand
AlphaValue/Baader Europe lifted Infineon's 2028 revenue forecast to €22.3 billion, citing AI data center power demand and software-defined v
Anthropic Relaunches Mythos 5 for Select Firms; Comcast to Spin Off NBCUniversal
Anthropic's Mythos 5 AI model is back online for a select group of companies and agencies after a government-ordered shutdown. Meanwhile, Co