Apple's price hikes, driven by a global memory shortage, are hitting IT purchasing budgets, with DRAM prices up more than 400% since early 2024, according to JP Morgan. Gartner expects memory prices t…
Big Tech AI capital expenditures are on track to hit $1 trillion in 2027, with 2026 guidance at $732.5 billion, 158% higher than initial estimates, according to lead tech analyst Beth Kindig. Actual s…
Blackstone is considering a new funding round for Nvidia-backed AI coding firm Factory that would value the San Francisco-based startup at more than $3.5bn, sources told City AM. The deal would mark F…
JP Morgan lowered its price target for Apple Inc. stock from $345 to $350 following Apple's Q3 2026 earnings report, which warned that memory shortages will significantly worsen supply constraints in …
Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears about its AI spending. Amazon Web Services grew 37% in the second quarte…
Lloyds Banking Group chief executive Charlie Nunn announced a new strategic plan, Accelerate 2030, targeting around £2bn in annual cost savings by 2030, driven partly by AI. Nunn said AI 'is going to …
TSMC raised its 2026 capital budget to as much as $64 billion and pledged an additional $100 billion in U.S. investment, adding to a $165 billion Arizona project, to meet surging AI demand from custom…
JP Morgan raised its price target for Apple to $345, a $20 increase from January, citing limited historical correlation between pricing and sales volumes for iPhone, Mac, and iPad, as well as AI-led d…
Canada's Office of the Superintendent of Financial Institutions (OSFI) warned major banks and insurers on April 29 about cybersecurity risks from Anthropic's Claude Mythos, an AI model that discovers …
Nscale, the British AI unicorn backed by Nvidia, is seeking alternative energy supplies for its flagship £2bn data centre in Essex after discovering the National Grid cannot provide electricity in tim…
Major global investment banks' average forecast for South Korea's 2026 economic growth reached 3 percent for the first time, driven by robust semiconductor exports amid the AI boom. Eight banks, inclu…
HCLTech won a $1.14 billion AI-driven IT contract from Mercedes-Benz, replacing Infosys as the incumbent vendor. The deal, running from July 2026 to December 2031, shifts from headcount-based outsourc…
Lloyds Banking Group has been accused of debanking left-wing news website The Canary, leaving the media outlet with 'barely any funds' and in a 'financially precarious situation'. The Canary claims Ll…
Micron's chief business officer Sumit Sadana told the Wall Street Journal that aggressive pricing demands from certain customers during the 2022-2023 DRAM downturn suppressed investment, contributing …
A new $500 million fund called Intercept, backed by Stripe and Anthropic, launched June 24 to finance treatments and technologies aimed at eliminating respiratory infections like the common cold and f…
IREN Limited, formerly Iris Energy, faces a $21 billion funding gap to fulfill $13.1 billion in AI cloud contracts with Microsoft and NVIDIA. The company plans to raise capital through convertible not…
HSBC announced a partnership with Google Cloud to deploy AI across its operations, targeting over $100 million in cost savings or revenue generation. The bank plans to use AI for personalized wealth m…
A massive inflatable effigy of Elon Musk was raised in Times Square today by the coalition Safe AI Now to protest Grok, the Musk-owned AI chatbot whose image-generation tool has been used to create se…