Anthropic accused Alibaba of executing the largest known distillation attack against its Claude AI model, involving 28.8 million queries from 25,000 fraudulent accounts between April and June 2025. Th…
Cerebras Systems shares plunged nearly 20% on Wednesday after the AI chipmaker forecast a narrower gross margin of 38% to 41% for the full year, compared to 47% in Q1, despite beating first-quarter ea…
Micron Technology reported fiscal Q3 earnings that crushed expectations, with earnings per share of $25.11 versus $20.47 expected and revenue of $41.46 billion versus $34.7 billion expected. The stock…
OpenAI and Broadcom unveiled Jalapeno, OpenAI's first custom AI chip, designed for inference tasks in ChatGPT and other services. The ASIC chip, developed in nine months, aims to reduce costs and impr…
Nvidia's stock is trading at a discount to the broader semiconductor sector, with forward price-to-earnings multiples of 22-25x, according to OptionsPlay chief strategist Tony Zhang. Zhang sees this a…
Cerebras nearly doubled its first-quarter revenue to $193.4 million and guided 2026 sales above Wall Street estimates, but its stock fell about 10% after warning that core gross margins would drop sha…
Qualcomm announced an agreement to acquire AI infrastructure company Modular Inc. for about $3.9 billion, aiming to strengthen its AI software capabilities with Modular's open, AI-native platform that…
CNBC reports that OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible U.S. government equity stake in the company, with discussions spanning over a year and Altman first ra…
Micron Technology Inc is set to report third-quarter earnings on Wednesday, with Wall Street expecting revenue of $35.5 billion, a 281% year-over-year increase, driven by surging demand for memory chi…
Chinese Premier Li Qiang pledged at the World Economic Forum in Dalian on June 24 that China will continue participating in global AI governance, warning that governments risk losing control of fronti…
Micron Technology briefly surpassed a $1 trillion market capitalization in late May 2026 after its shares jumped roughly 19%, driven by UBS raising its price target to $1,625 and investor expectations…
SoftBank CEO Masayoshi Son dismissed claims that the artificial intelligence boom is a bubble, calling such talk an 'insult' to AI at the company's annual shareholders' meeting in Tokyo. Son, whose So…
Meta announced the Meta Glasses starting at $299, developed with EssilorLuxottica but without Ray-Ban branding, featuring an integrated camera and open-ear speakers powered by Meta AI. The glasses off…
S&P Dow Jones Indices announced that Alphabet, Google's parent company, will replace Verizon in the Dow Jones Industrial Average on June 29, marking the first change to the index since 2024. The move …
Oracle cut 21,000 jobs (13% of its workforce) in the past year, citing the adoption of AI technologies as a direct cause. The software giant is spending $70 billion on AI infrastructure in 2026, joini…
SpaceX shares have plummeted from a post-IPO high of $225 to around $170, wiping out gains for investors who bought near the peak. The decline follows a merger with Musk's AI startup xAI, which added …
Bain & Company is using generative AI to rapidly clone software products for due diligence, building hundreds of prototypes via 'vibe coding' to assess whether acquisition targets have defensible moat…
Institutional backlash against AI is mounting across public sector, media, and education, with New York City council members urging a classroom AI pause and a German newsroom caught using AI to write …
The U.S. Commerce Department sent an enforcement letter invoking an export-control directive that barred non-U.S. access to Anthropic's latest AI models, Fable 5 and Mythos 5, leading Anthropic to dis…
Federal Reserve Chair Kevin Warsh held rates steady at the June 17 FOMC meeting and dropped forward guidance, forcing markets to price risk independently. The 2-year Treasury yield rose sharply, and t…