BusinessDropbox founder Drew Houston to leave CEO role to pursue new AI ventureDrew Houston is stepping down as CEO of Dropbox after 19 years and will be succeeded by product chief Ashraf Alkarmi.2 min read
BusinessMicron briefly reached $1 trillion market value as AI-driven memory demand surgesMicron Technology’s market capitalization briefly surpassed $1 trillion after a 19% single-day jump, joining Samsung in the group of memory makers at that valuation.2 min read
BusinessNvidia's $200bn CPU market estimate includes China, says Jensen HuangNvidia CEO Jensen Huang told reporters in Taipei that the company's $200 billion estimate for the central-processor market covers China as well, and that demand there remains significant despite US–China tech tensions.2 min read
BusinessBank of America strategist warns SpaceX and OpenAI IPOs could raise bubble riskMichael Hartnett of Bank of America warned that planned IPOs by SpaceX and OpenAI could push technology’s weight in equity indices to levels exceeding past market bubbles.2 min read
BusinessUBS raises its S&P 500 year-end 2026 target to 7,900, citing consumer spending and data-center demandUBS Global Wealth Management raised its S&P 500 year-end 2026 target from 7,500 to 7,900, citing resilient consumer spending and continued demand for data‑center infrastructure.2 min read
BusinessLenovo’s revenue and profit surge driven by AI-focused businessLenovo reported stronger-than-expected quarterly results for the period ending in March, with group revenue up 27% year‑on‑year to $21.6 billion and net profit rising to $521 million.2 min read
BusinessState Approves HUF 300 Million to Artificial Intelligence Research Center Ahead of ElectionTwo months before the April 12 parliamentary election, then-Minister Gergely Gulyás approved a HUF 300 million state grant to the Mesterséges Intelligencia Kutatóközpont.2 min read
BusinessSam Altman offers YC startups $2M in OpenAI tokens for equitySam Altman has proposed giving each startup in the current Y Combinator batch $2 million worth of OpenAI tokens in exchange for equity, a move announced by Y Combinator partner Tyler Bosmeny on X.2 min read
BusinessSpaceX files record-breaking $75B IPO to fund orbit-to-ground AI infrastructureSpaceX submitted an S‑1 to the SEC seeking to raise $75 billion at a $2 trillion valuation, with the ticker SPCX and a planned first trading day of June 12 on Nasdaq.2 min read
BusinessNvidia’s dominant quarter exposes supply and customer risks to the ‘inevitability’ thesisNvidia reported a blowout Q1 FY27 with $81.6 billion in revenue, driven by a $75.2 billion data‑center haul and tripling net income to $58.3 billion, yet its share price slipped after earnings for the third quarter in a row.3 min read
BusinessWonderful expands into Hungary with autonomous AI agents targeting banks and insurersWonderful, an AI startup built around autonomous "agentic" agents, became a unicorn after raising USD 286 million in just over a year and has begun entering the Hungarian market.4 min read
BusinessMeta to Cut Nearly 8,000 Jobs and Reassign 7,000 Employees Amid AI ReorganizationMeta CEO Mark Zuckerberg confirmed by company-wide email that Meta will lay off almost 8,000 employees and reassign about 7,000 more as part of a reorganization driven by artificial intelligence priorities.2 min read
