BusinessCerebras Systems poised for strong Nasdaq debut after oversubscribed IPOCerebras Systems, a chipmaker focused on artificial intelligence, is set to begin trading on the Nasdaq potentially on Thursday after pricing its IPO at $185 per share.2 min read
BusinessCerebras Systems raises $5.55B in IPO as demand grows for inference-optimized AI chipsCerebras Systems began trading on the Nasdaq after raising $5.55 billion in its initial public offering, pricing 30 million shares at $185 each.2 min read
BusinessTechnology company and the Gates Foundation form $200 million partnership for global programsAccording to the statement, a technology company has entered a partnership with the Gates Foundation, providing $200 million in funding, Claude credits and technical assistance for global health,…1 min read
BusinessFoxconn’s growth driven by AI-server demand and expanded manufacturing footprintFoxconn reported a 29.7% rise in first-quarter revenue to $66.6 billion and a 19% increase in net profit to $1.58 billion, supported mainly by strong global demand for AI-server and data‑center infrastructure.3 min read
BusinessAnthropic’s climb: fundraise, enterprise gains and a push toward proactive AI agentsAnthropic is pursuing a multibillion-dollar funding round that could value the company at about $950 billion, surpassing OpenAI’s March valuation.3 min read
BusinessLong Lake to Take Amex GBT Private in $6.3B Deal, Plans AI-Driven Operational OverhaulPrivate investment firm Long Lake will acquire American Express Global Business Travel (Amex GBT) for $6.3 billion in cash, taking the company private at $9.50 per share — about a 60% premium to its last close.2 min read
BusinessGoogle in Talks with SpaceX on Rocket Launches for Orbital Data CentersAlphabet-owned Google has been negotiating with Elon Musk’s SpaceX over a possible rocket-launch agreement to put data centers into Earth orbit, according to The Wall Street Journal.2 min read
BusinessAmazon retires Rufus chatbot and centers shopping strategy on Alexa with new 'Alexa for Shopping'Amazon is shutting down its standalone Rufus chatbot and rolling its capabilities into a new Alexa-centered e‑commerce tool called Alexa for Shopping.2 min read
BusinessTencent funds growing AI push from rising gaming and advertising revenuesTencent reported Q1 (Jan–Mar) 2026 results showing revenue of $28.94 billion, up 9% year‑on‑year but slightly below analysts’ expectations, while net profit rose to $8.55 billion.3 min read
BusinessAlibaba's core profit plunges as investments in AI and quick commerce biteAlibaba Group's adjusted EBITA for the quarter ended in March fell to 5.1 billion yuan (about $750 million), an 84% decline year-on-year, after heavy spending on AI chips, data centres and its Qwen language models.2 min read
BusinessAnthropic in talks for at least $30 billion funding round that could push valuation past $900 billionAnthropic is negotiating with investors for a financing round of at least $30 billion that, if completed, could lift the AI developer’s valuation above $900 billion, Bloomberg reports.2 min read
BusinessOrbital AI Compute Moves from Concept to Market BetGoogle is advancing Project Suncatcher, in talks with SpaceX and other launch providers to deploy solar-powered satellites equipped with TPUs, with a first prototype planned with Planet Labs around 2027.2 min read