Tag: technology
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Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
The new business is a welcome signal for some investors who have been uneasy about the company’s infrastructure spending plans.
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PlayStation will end physical disc production for new games in 2028
PlayStation will end physical disc production for new games in 2028, the company announced Wednesday morning.
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Tech leads first half stock gains — but the biggest winners weren’t in the U.S.
U.S. Big Tech stocks enjoyed strong gains — despite a sharp sell-off at the end of June — but were largely outperformed by their international counterparts.
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UAE’s MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk’s xAI, prior to its merger with SpaceX.
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Employers who laid off workers citing AI are already starting to regret it
Companies are realizing artificial intelligence can’t do everything after all, prompting them to rehire employees to grow their businesses
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Micron CEO: Customers driving hard bargain on price contributed to memory shortage
Micron CEO Sanjay Mehrotra said years of aggressive pricing pressure left the memory industry underinvested, contributing to today’s supply shortages.
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Jim Cramer says the AI trade has shifted — and these stocks are leading now
CNBC’s Jim Cramer said Wall Street is rewarding the companies supplying the artificial intelligence boom rather than the technology giants funding it.
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Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter
Wall Street poured into chipmakers not named Nvidia in the second quarter, as the artificial intelligence boom expanded to include more suppliers.
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Palo Alto, CrowdStrike both have best quarter ever as AI threats bolster cyber demand
The cybersecurity leaders are leaning into identity security, a critical cyber segment, as AI agents outnumber humans
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Anthropic launches AI drug discovery program, joining tech giants in betting on healthcare
Anthropic will start an internal drug discovery program, part of a new push to sell artificial intelligence tools to drugmakers.
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