Tech layoffs hit a five-year high in 2026, with 123,653 job cuts announced through May, a 66% year-over-year increase, as companies cite AI-driven efficiencies. Crypto firms including Dune and Crypto.…
Fund managers are raising concerns that Nvidia, Microsoft, and Alphabet's dominance in AI is distorting returns in emerging markets, undermining geographic diversification. The trio's combined $4.4 tr…
SK Hynix raised $26.5 billion in its Nasdaq debut, the largest-ever US listing by a foreign company, surpassing Alibaba's record. The South Korean memory chipmaker's shares closed 13% higher on their …
Google has rolled out a new default setting called Search Services History that saves user-uploaded media, including images, audio recordings, and files, to train its generative AI models. The setting…
Goldman Sachs released a report on Friday analyzing China's AI large language model industry, finding that Chinese models achieve near parity with US rivals at 10-25% of the cost. The bank projects Ch…
The Australian Army has tested the Vector AI drone, refined using combat data from Ukraine, to enhance target detection and electronic warfare resilience. Developed by Germany's Quantum Systems, the d…
The US spent a record $253 billion on imported semiconductors in 2025, representing 0.9% of GDP, driven by AI infrastructure buildout and raising concerns about technological dependence on Asian fabri…
Elon Musk's xAI launched Grok 4.5, a coding-focused AI model that claims to use 4.2x fewer output tokens than Anthropic's Opus 4.8 on benchmarks, priced at $2 per million input tokens and $6 per milli…
Tata Consultancy Services plans to hire up to 8,900 forward-deployed AI engineers and is actively seeking acquisitions in AI and cybersecurity, marking a shift from its organic growth strategy. CEO K …
Nvidia CEO Jensen Huang will attend the China International Supply Chain Expo from July 16 to 20, marking the company's debut at the event amid US export restrictions on advanced AI chips. The appeara…
The US government is escalating restrictions on Chinese open-weight AI models like DeepSeek and Kimi after months of warnings about distillation campaigns, where Chinese entities allegedly extracted c…
SpaceX's Starmind project, an orbital AI satellite constellation, threatens to disrupt cloud giants Amazon, Microsoft, and Google by conducting AI inference in space, bypassing terrestrial data center…
JPMorgan CEO Jamie Dimon warned that AI amplifies cybersecurity threats, citing Anthropic's Mythos AI model which uncovered thousands of unpatched vulnerabilities. Dimon noted a 6-12 month window befo…
Terawulf signed a $19 billion, 20-year lease with Anthropic for 400MW of compute power, while MicroStrategy sold 3,588 BTC to raise $65 million for an AI data center, signaling a shift from Bitcoin to…
Enterprise demand for AI remains strong but is shifting toward ROI-focused 'valuemaxxing' strategies, according to a CNBC report. The trend is affecting market expectations for Anthropic's valuation b…
BNB Chain launched BNB Agent Studio on July 1, 2026, integrating Amazon Bedrock's AgentCore to let developers deploy autonomous on-chain AI agents in under 15 minutes with persistent cloud hosting. Th…
Samsung Electronics is accelerating the opening of its first fabrication plant at the Yongin Semiconductor Cluster to 2029, pulling the timeline forward from 2030 or later, as surging demand for AI ch…
Artificial intelligence was the primary cause of 31% of the 45,849 US job cuts in June 2026, marking the third consecutive month AI has led layoffs, according to a report. The technology sector saw an…
Elon Musk accused OpenAI CEO Sam Altman of straying from the company's original charitable mission and misusing Apple technology, amid OpenAI's transition to a for-profit structure and a separate Appl…
OpenAI has lost another high-level executive as the company prepares for its IPO, adding to a series of recent leadership departures including Kevin Weil, Bill Peebles, and Srinivas Narayanan. The ins…