Meta is reportedly planning a cloud business to sell access to AI computing power and models, extending its internal infrastructure into a commercial service for outside developers and enterprises, ac…
SoftBank Group is reportedly preparing to raise up to $60bn in fresh debt to fund its swelling bet on OpenAI, a target that would eclipse any previous bond sale by the Japanese conglomerate. The plan …
Apple has sent legal preservation letters to approximately 40 former employees now working at OpenAI, demanding they retain documents related to its trade secret lawsuit against the AI company, the Fi…
Z.ai, the Chinese AI startup formerly known as Zhipu, is on track to become the first independent Chinese AI firm with about $1bn in annual sales, according to Bloomberg. The company is monetizing at …
Eoptolink Technology, a Chinese maker of optical parts for AI data centers, has filed for a Hong Kong listing that could raise up to $5bn, according to Bloomberg. The company, already listed in Shenzh…
Zhipu, now trading as Knowledge Atlas Technology, has seen its shares surge nearly 1,500 percent since its Hong Kong debut in January, briefly pushing its market capitalization above $100 billion, des…
A regulatory filing by Chinese textile company Anhui Korrun disclosed that a fund tied to one of its subsidiaries invested 2.90 billion yuan for an indirect 0.8265% stake in DeepSeek, valuing the AI l…
Singapore's non-oil domestic exports rose 20.7% year on year in June, missing the 28.7% forecast, as a 105.1% surge in electronics shipments driven by AI demand was offset by a 2.9% decline in non-ele…
Apple will launch its M6 chip later this year with up to 12 GPU cores and 200 GB/s memory bandwidth, but will skip higher-end Pro, Max, and Ultra variants for the first time in the Apple Silicon era, …
Google has delayed the launch of Gemini 3.5 Pro after the model failed to meet internal performance goals, particularly in coding capabilities, pushing it past its original June 2026 release window wi…
Google's Gemini 3.5 Pro is months behind schedule as the company struggles to improve its coding capabilities, Bloomberg reported, citing ten current and former employees. Google said in May it expect…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Airbnb CEO Brian Chesky's X account was hijacked on Monday in a cyberattack that posted an AI-generated thread promoting real-world asset tokenization, a source with knowledge of the situation told Fo…
Google's next flagship AI model, Gemini 3.5 Pro, is reportedly months behind schedule as the company struggles to improve its coding performance, according to Bloomberg, citing people familiar with th…
Netflix disclosed in its second-quarter earnings report that approximately 300 titles on its platform used generative AI, primarily in post-production, to create enhanced crowds, historical battle seq…
S&P downgraded Oracle to BBB- on July 9, one notch above junk, as a $250 billion data-centre expansion plan burns through cash, with free cash flow turning deeply negative at nearly -$24 billion in th…
Google has delayed the release of Gemini 3.5 Pro, originally expected in June, due to disappointing coding performance after a late-June training data reset, according to Bloomberg. The company said i…
Elon Musk's AI startup xAI, recently renamed SpaceXAI, is in turmoil as it struggles to match rival Anthropic's Claude chatbot, leading to dozens of employee departures, a planned 30% workforce reduct…
New York Governor Kathy Hochul said her team used AI to analyze every rule, regulation, and policy in the state in just a couple of months, a task that would have taken five years manually. Hochul tol…
Verizon is laying off about 3,000 retail workers and transferring 274 corporate stores to independent owners under CEO Dan Schulman, who expects AI to replace a large percentage of customer service wo…