Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Thomson Reuters Gets Fresh Evidence Legal AI Demand Is Real—and Pricing Pressure Is Building
RBC highlights Harvey's 12x jump in monthly token use and Thomson Reuters' CoCounsel Next rollout as proof legal AI is entering daily workfl
AI Revenue Hits $25B, Topping Depreciation Costs for Second Straight Quarter
Global AI revenue hit $25 billion in Q1 2026, surpassing depreciation costs for the second consecutive quarter. While this suggests the AI b
TD SYNNEX's Hyve Unit Drives Blowout Quarter, Plans 50% Capacity Boost
TD SYNNEX's Hyve unit is gaining ground in the custom server market, leading to a strong fiscal Q2. The company plans to expand manufacturin
IBM's Sub-1nm Chip Breakthrough Could Reshape AI Hardware Economics
IBM has introduced a sub-1 nanometer chip concept using a 3D nanostack design. Wedbush Securities estimates it could deliver up to 50% more
Trump Jr.'s Kalshi Equity Grant Shrinks as Startup Valuation Soars to $22B
Donald Trump Jr. got a $300,000 equity grant from prediction-market firm Kalshi as an adviser in early 2025. But subsequent fundraising roun
Tech Stocks Slide as OpenAI IPO Delay Raises AI Valuation Concerns
US tech stocks slid in premarket trading after reports that OpenAI is considering pushing its IPO to next year. The news adds to cautious se
US Government Seeks Veto Power Over Early Access to OpenAI's GPT 5.6
The US government wants to screen who gets early access to OpenAI's next AI model, GPT 5.6, and slow the rollout. Officials from the White H
Apple's Chip Cost Warning Triggers Global Stock Slide, Tech Rally at Risk
Apple's warning that it can no longer absorb rising memory and storage chip costs sent global stocks lower. The news spooked investors alrea
Onsemi's $7 Billion Synaptics Deal Bets Big on Edge AI and Physical AI
Onsemi agreed to buy Synaptics for roughly $7 billion in stock, aiming to combine chips for edge AI and physical AI in cars and factories. O
Cargo Drone Startup Elroy Air to Go Public via SPAC Merger Valued at $1 Billion
Elroy Air is merging with a SPAC in a deal valued at roughly $1 billion, with at least $165 million in committed funding. The autonomous dro
EU Targets AWS and Azure as Gatekeepers, Threatening Cloud Giants' Lock-In Tactics
EU regulators have flagged Amazon Web Services and Microsoft Azure as potential gatekeepers under the Digital Markets Act, citing high switc
China's Onshore Tech IPO Pipeline Revives with 126 Billion Yuan in Filings
China's onshore tech IPO market is heating up as chip and AI firms file to raise at least 126.1 billion yuan. Regulators are easing the path