SK hynix posted a record second-quarter operating profit of 60.54 trillion won, up 557% from a year earlier, on revenue of 79.32 trillion won, driven by tight memory supply and AI infrastructure deman…
OpenAI CFO Sarah Friar told employees on July 29 that annualized recurring revenue in July exceeded the entire second quarter, according to CNBC, but the company did not disclose a dollar figure or de…
Rep. Frank Pallone Jr. (D-N.J.), the top Democrat on the House Energy and Commerce Committee, asked Elon Musk on July 29 for records and a site tour of SpaceX's Memphis-area AI data centers and power …
Corning reported Q2 2026 core revenue of $4.74 billion, up 17% year-over-year and beating the $4.63 billion consensus, with core EPS of $0.78 topping estimates of $0.76, driven by a 32% surge in Optic…
Applied Digital Corp. reported fiscal fourth-quarter revenue of $258.7 million, a 407% increase year-over-year, driven by its hyperscale AI data center leasing business, and posted its first quarterly…
Microsoft short interest hit 92 million shares, or 1.27% of the float, the highest level since May 2015 and the largest short position among the Magnificent Seven, as the stock trades near $393 ahead …
Google's first ATLAS study of 14.65 million Gemini interactions from April 2026 found AI use associated with 68% of occupations but only about 21% of tasks in the median occupation, with fewer than 10…
Amazon is halting active development on four flagship in-house AI models — Nova Premier, Nova Omni, Reel, and Canvas — placing them in maintenance-only mode for existing customers, Business Insider re…
Seagate Technology reported fiscal Q4 revenue of $3.63 billion (up 48% YoY) and non-GAAP EPS of $5.71, beating consensus estimates of $3.48 billion and $5.09, with record non-GAAP gross margin of 52.7…
SK Hynix reported record quarterly revenue of 79.32 trillion won and operating profit of 60.54 trillion won for the second quarter, both missing consensus estimates by roughly 5%, sending shares down …
Anthropic's Claude Mythos Preview model found a new attack that lowers the estimated key-recovery cost for HAWK-512 from 2^150 to 2^108 gates and for HAWK-1024 from 2^288 to 2^182 gates, but HAWK is n…
More than $1 trillion in market capitalization was erased from global semiconductor and AI-hardware stocks between July 24 and July 29, with Nvidia, SK Hynix, Samsung Electronics and Micron accounting…
Cyera has signed a letter of intent to acquire Oasis Security in a deal reported by TechCrunch to be worth approximately $1 billion, paid mostly in cash with the remainder in Cyera shares. The acquisi…
Spur Intelligence, a Lake Mary, Florida-based cybersecurity startup, announced a $200 million investment from Insight Partners on July 28. The company, founded by former US Defense Department engineer…
PayPal CEO Enrique Lores said the board remains "open and objective" to a higher offer after the company reported better-than-expected Q2 revenue of $8.68 billion and adjusted EPS of $1.38, while attr…
Court records establish that Anthropic spent millions of dollars acquiring millions of print books, then had vendors remove their bindings, scan their pages and discard the originals, according to a d…
Visa plans to eliminate about 2,600 jobs, roughly 7% of its workforce, with most cuts in technology and product teams, CEO Ryan McInerney said Tuesday. The reduction follows rapid hiring that brought …
Fish Audio, operating as Hanabi AI Inc., has raised $52 million in seed funding led by Coreline Ventures and Capital Today, the AI voice startup announced on its first anniversary with $21 million in …
Alphabet spent a record $44.9 billion in capital expenditures in Q2 2026, doubling from $22.5 billion a year earlier, driven by AI infrastructure investments, and reported its first-ever negative free…
Core Scientific signed 15-year leases with AMD for 529MW across five U.S. campuses, generating more than $14 billion in potential base contracted revenue and doubling Core Scientific's total leased AI…