Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Canva restructures 22% of staff as growth slows and AI reshapes work
Canva is simplifying its teams, affecting 1,271 roles—about 22% of staff—through cuts, changes, and relocations. The move comes as growth sl
AMD's $1.07B warrant charge reveals cost of locking in AI chip deals
AMD's $1.07 billion warrant charge highlights the cost of securing long-term AI chip deals with OpenAI and Meta. The non-cash charge could l
US license delays cloud SK Hynix's $45B New York chip plant plan
US export license delays for SK Hynix's Dalian plant in China are casting doubt on its $45 billion New York NAND buildout. The uncertainty c
South Korea consumer group to file complaint over Tesla's FSD marketing
A South Korean consumer group says Tesla marketed and sold its Full Self-Driving software even though most Teslas in the country can't legal
Super Micro lifts Q2 sales outlook as AI server demand stays strong
Super Micro lifted its second-quarter sales outlook to $19.5-21.5 billion, powered by Nvidia-based AI servers. The company also said it's st
Canva cuts 1,271 jobs, about 22% of staff, in major reorganisation
Canva is cutting 1,271 jobs, about 22% of its workforce, after its first growth slowdown in a decade. The design platform is merging product
AMD's AI Push Has Wall Street Looking Up Again
AMD forecast roughly $17 billion in fourth-quarter revenue and said early Helios AI rack systems are being tested at Meta. Data-center sales
Super Micro raises 2027 outlook as AI server demand stays strong
Super Micro topped sales estimates and raised its long-term revenue outlook on strong AI server demand. But thin margins and a China export
Anthropic IPO Talk Shifts to Valuation Discipline as Investors Push for $1.5–1.6 Trillion
Prospective investors want Anthropic's IPO priced at $1.5–1.6 trillion, below earlier $2 trillion talk. The company says its Claude models a
Jio Platforms Pitches Wi-Fi Broadband Tech to Comcast and Charter After $3.2B IPO
Fresh off a $3.2 billion IPO, Jio Platforms is pitching its Wi-Fi-based home broadband technology to US cable giants Comcast and Charter. Th
AI boom's profits flow to chipmakers, not developers
Companies are pouring hundreds of billions into AI, but the biggest winners may be chipmakers, not AI developers. History shows transformati
Marvell's $115B Lumentum Deal Bets Big on AI Networking Demand
Marvell Technology agreed to buy optical components maker Lumentum in a $115 billion all-stock deal. The move underscores the growing import