DeepSeek’s Rise Challenges U.S. AI Dominance
The emergence of Chinese AI app DeepSeek has sent shockwaves through financial markets and the global tech industry. Even U.S. President Donald Trump weighed in, calling it “a wake-up call” for American
Meta Surges on AI Spending, But Analysts Eye Valuation
Meta Platforms Inc. continues its aggressive push into artificial intelligence, drawing investor support despite the growing size of its AI-related spending. The stock has soared nearly 45% from its April lows, buoyed
Microsoft Cuts 9,000 Jobs, Trims Xbox and Sales Teams
Layoffs target gaming and global divisions as AI investments climb Microsoft is laying off approximately 9,000 employees, marking its largest round of job cuts in over two years. The move, which affects
Nvidia to Support OpenAI with $100B AI Initiative
Massive investment targets next-gen data centers Nvidia is doubling down on artificial intelligence with a plan to support OpenAI through an investment of up to $100 billion. The partnership centers on building
Amazon Stock Falls Despite Strong Q2 Earnings
AI investments soar, but cloud growth lags rivals Amazon posted solid second-quarter results that exceeded Wall Street expectations on revenue and profit, but its stock dropped 7% on Friday after a weaker-than-expected
SoftBank’s $40B OpenAI Bet Breaks Startup Records
Massive investment eclipses all previous private funding rounds SoftBank has committed up to $40 billion in financing to OpenAI, marking the largest startup investment in history. The figure dwarfs all previous venture
SoftBank to Acquire Ampere Computing for $6.5 Billion
Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects
US Stocks Mixed as Tech Slips Ahead of Nvidia Earnings
US stocks were mixed on Monday as tech stocks faltered, with investors weighing the prospects for AI ahead of Nvidia’s (NVDA) earnings report later this week. The Dow Jones Industrial Average (^DJI)
Alibaba’s Revenue Soars Amid AI Investment Boom
Chinese e-commerce giant Alibaba Group Holding posted its fastest revenue growth in over a year, surpassing analyst expectations as it capitalizes on China’s artificial intelligence boom. Strong Financial Performance For the quarter
China’s AI Breakthrough Fuels Hong Kong Stock Surge
China’s recent advancements in artificial intelligence and improved relations with tech giants have driven a major rally in Hong Kong stocks and internet companies. However, analysts warn that investor enthusiasm remains volatile,
European Stocks Rally Despite Trump’s Tariff Escalation
European Markets Defy Tariff Fears Despite mounting concerns over a potential US-EU trade war, European stocks continue to surge, with both the Euro Stoxx 600 and Germany’s DAX hitting record highs. While
GM Stock Falls as Tariff Concerns Cloud Strong Outlook
General Motors (GM) saw its stock drop 8% today despite issuing higher-than-expected profit guidance for 2025. The decline comes as investors react to the automaker’s acknowledgment that its outlook excludes the potential
Big Tech Races to Lead AI With Massive Investments
Big-Tech’s-AI-Spending-Surges-as-Firms-Race-for-Market-Dominance Big Tech companies are making massive investments in artificial intelligence (AI), with Meta (META) planning to spend up to $65 billion on AI infrastructure in 2025. As the competition heats up,