Tech stocks fell Monday amid a broader market downturn driven by renewed US-Iran hostilities and investor scrutiny over AI spending profitability. Meta alleviated some concerns by announcing new reven…
SK Hynix stock sank 15% in Asia on Monday, leading a broad decline in chip stocks as investors took profits amid concerns of an overstretched AI trade and a report that the company's operating profit …
Intel Corp. is investing €5 billion ($5.7 billion) to expand its Leixlip campus in Ireland, aiming to boost production of data center processors and advance its foundry business as it competes in the …
FifthVantage founder and CEO Matt Domo outlines three key considerations for business owners adopting AI, emphasizing strategic integration into workflows and homes. The advice targets new AI users na…
The cost of power from natural-gas-fired plants in the US hit a 17-year high of $90 per megawatt-hour in 2026, up from $78 a year earlier, and is expected to climb further as data-center demand surges…
Massive investment in AI data centers, expected to top $700 billion this year, is driving up prices for memory chips, consumer electronics, and electricity, posing a new inflation threat. Economists a…
Apple Inc. shares have rallied 15% since bottoming on June 25, adding nearly $600 billion in market value, as investors flee AI-related stocks amid concerns about heavy spending on artificial intellig…
Meta said Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, representing an investment of more than $50 billion in the region. The social media comp…
Meta Platforms Inc. has committed an additional $40 billion to its Louisiana data center campus, pushing total expected investment beyond $250 billion as it expands its AI computing footprint. The pro…
Chinese President Xi Jinping will deliver a keynote speech at the opening ceremony of the World AI Conference in Shanghai starting Friday, marking his first appearance at the country's flagship AI eve…
Saudi Arabia bought a record $47.2 million of drones from Taiwan in June, the most in a month for any nation since data collection began in June 2023, according to Taiwan's Ministry of Finance. The pu…
South Korea expects a record tax windfall from the AI-driven semiconductor boom, boosting its 2027 tax revenue estimate to 500 trillion won ($331.6 billion), far surpassing an earlier forecast of 412.…
China's exports likely grew 18.2% year-on-year in June, cooling from 19.4% in May, according to a Reuters poll of 20 economists, as firms accelerated shipments to the U.S. ahead of possible tariffs an…
SK Hynix Inc. shares fell 10% on the Korea Exchange on Monday after the memory chipmaker's American depositary receipts climbed 13% in its US trading debut Friday, with the $26.5 billion offering bein…
University of Georgia professor emeritus Brenda Cude presented findings from a study on generative AI models' personal finance advice, questioning whether investors should rely on such tools for finan…
Coinbase, Lyft, and Axon are making strategic moves beyond the AI-driven 'Magnificent Seven' stocks, with Lyft expanding into robotaxis and Axon developing advanced Taser technology, highlighting broa…
UK Chancellor Rachel Reeves will deliver a speech at the Mansion House dinner on Tuesday, focusing on AI opportunities in financial services and announcing a 'Financial Services AI Adoption Plan' base…
Trinidad and Tobago signed memorandums of understanding with U.S. companies Hummingbird AI Holdings and Ernst and Young LLP to develop large-scale data centers, sparking concerns over energy consumpti…
Paradigm, a venture capital firm known for crypto investments, raised $1.2 billion to invest in AI and robotics, signaling a strategic shift toward artificial intelligence.…
Morgan Stanley analyst Sean Diffley said the Paramount–Warner Bros. merger could make HBO Max a staple in streaming, potentially rivaling Netflix, as he discussed AI's impact on the creative process a…