Midjourney acquired astrology app Co-Star, which has more than 30 million registered accounts, according to a Bloomberg report published July 23, in a move to own more of the consumer relationship ins…
Midjourney, the AI lab founded by David Holz, acquired astrology app Co-Star in spring 2026 for an undisclosed price, Bloomberg reported on July 24. The deal gives Midjourney access to Co-Star's 4.3 m…
Intel Corp. delivered a third-quarter revenue forecast of $15.8 billion to $16.8 billion, exceeding the $15.1 billion average analyst estimate, as booming data center spending fueled by artificial int…
A Bloomberg opinion piece argues that government ownership stakes in AI companies, a concept gaining bipartisan support in Washington, would harm innovation and competition. The author warns that such…
Uber cut 10% of its customer service workforce on Wednesday, the company's second round of layoffs in two months, as it restructures operations around artificial intelligence. Uber Vice President of G…
Alphabet's 100-year sterling bond fell below 90 pence on July 23 for the first time since its February issuance, losing more than 10% of its face value, as bond markets signal growing skepticism about…
Intel reported adjusted earnings per share of $0.42 for the second quarter, beating analyst expectations of $0.22, while revenue rose to $16.1 billion, above the forecast $14.4 billion. The company gu…
Uber laid off 10% of its customer service staff, part of its Community Operations team, and plans to replace them with AI, according to an internal memo viewed by Bloomberg. Megha Yethadka, Uber's VP …
PG&E Corp reported a 7.6-gigawatt increase in its data center pipeline during the second quarter, reaching 12.7 gigawatts at the end of June, up from 5.1 gigawatts in March, as the artificial intellig…
Science Corp will begin selling its Prima retina implant in Europe after earning a CE mark from DEKRA, clearing the device for sale across 30 countries. The chip, which restores sight in patients with…
Chinese robotics startup Psibot (Lingchu Intelligence) is close to raising nearly $100 million at a $1.48 billion valuation, led by carmaker Chery and sensor maker Lens Technology, Bloomberg reported.…
Uber cut 10% of its customer-service jobs on Wednesday, marking the first time the company has directly blamed AI for layoffs. The reductions, part of a push to simplify operations and embrace AI, wer…
OpenAI on July 22 announced Project Camellia, a 3.2-gigawatt data center campus in Effingham County, Georgia, representing at least $20 billion in private capital investment and potentially exceeding …
Z.ai, the Beijing-based AI developer formerly known as Zhipu, has completed construction and begun partial operations at a 1-gigawatt data center built exclusively on Chinese-made AI accelerators, Blo…
PJM Interconnection's 2028/2029 capacity auction secured 138,318 megawatts of unforced capacity but still fell 6,831 megawatts short of reliability requirements, with data centers accounting for rough…
Uber laid off 10 percent of its customer service team, citing AI as the reason, according to Bloomberg. The cuts affected the Community Operations division, which Uber's vice president Megha Yethadka …
Private-sector economists expect the Monetary Authority of Singapore to keep monetary policy unchanged in July, after core inflation rose to 1.6% in June from 1.4% in May but undershot the median fore…
Uber cut 10% of its community operations team on July 22, 2026, becoming the first gig-economy giant to directly blame AI for job reductions, according to a memo from vice-president Megha Yethatika. T…
Alphabet lifted its full-year capital-expenditure guidance to as much as $205bn, up from a prior range of $180bn to $190bn, as Google Cloud revenue jumped 82% to $24.8bn in the second quarter. The com…
STMicroelectronics reported Q2 2026 revenue guidance of $3.45 billion, up 24.9% year-over-year, driven by a multi-year, multi-billion-dollar commercial agreement with Amazon Web Services that has doub…