Artificial intelligence
Chinese chip firms hit record high revenue driven by the AI boom and U.S. curbs
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firms have reported record revenue last year driven by AI demand, a shortage of memory chips and U.S. export restrictions that have pushed Beijing to bolster its homegrown tech industry. Analysts and the companies themselves […]
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Oracle stock rises in premarket on plans to cut thousands of jobs
Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI data […]
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OpenAI closes record-breaking $122 billion funding round as anticipation builds for IPO
CEO of OpenAI Sam Altman speaks during the 2026 Infrastructure Summit of government officials, corporate executives, and labor leaders, in Washington, D.C., U.S., March 11, 2026. Kylie Cooper | Reuters OpenAI on Tuesday announced that it closed a record-breaking funding round at a post-money valuation of $852 billion. The round totaled $122 billion of committed […]
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Indian mobile giant Airtel raises $1 billion for data centers from Carlyle, other PE firms
A Bharti Airtel office building pictured in Gurugram, on the outskirts of New Delhi. Pacific Press | Lightrocket | Getty Images India’s telecom giant Bharti Airtel has raised $1 billion for its data center arm — Nxtra Data — from private equity firms Alpha Wave, Carlyle and Anchorage Capital, underscoring a growing global interest in […]
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Evercore ISI predicts ‘inflection point’ is days away, plans to commit capital if S&P 500 drops to this level
A week of “maximum uncertainty” should deliver a key opportunity for investors, according to Evercore ISI’s Julian Emanuel. “We’re getting towards an inflection point where we would want to commit capital here,” the firm’s managing director said Monday on CNBC’s ” Fast Money .” Emanuel pinpoints next Monday, April 6, the day President Donald Trump […]
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Micron stock sinks 10%, further cratering in post-earnings sell-off
The Micron Technology offices in San Jose, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Micron shares plummeted 10% on Monday, continuing the memory maker’s significant post-earnings sell-off. The company snapped a six-day slide on Friday with a modest gain, but with Monday’s loss, the stock is down […]
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Samsung-backed AI chip firm Rebellions raises $400 million ahead of IPO
The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. Rebellions South Korean AI chip startup Rebellions said Monday it has raised $400 million as it looks to expand into the U.S. market […]
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Elon Musk’s Grok ordered to stop creating AI nudes by Dutch court as legal pressure mounts
Nikolas Kokovlis | Nurphoto | Getty Images Elon Musk’s xAI and its chatbot Grok have been banned from creating non-consensual AI-generated images of adults and children by a Dutch court, adding to growing legal pressure on the company. Amsterdam’s District Court issued a legal order on Thursday prohibiting xAI from generating and distributing sexual imagery […]
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Huawei’s new AI chip finds favor with ByteDance, Alibaba which plan to place orders, Reuters reports
SHENZHEN, CHINA – MARCH 24: Pedestrians walk past a Huawei retail store inside a shopping mall on March 24, 2026 in Shenzhen, Guangdong province, China. Huawei continues to expand its offline retail presence as competition in China’s consumer electronics and smart device market remains intense. (Photo by Cheng Xin/Getty Images) Cheng Xin | Getty Images […]
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AI and bots have officially taken over the internet, report finds
D3sign | Moment | Getty Images Bots have taken over the internet. The State of AI Traffic report released Thursday by Human Security, a cybersecurity firm, showed that artificial intelligence and bots have officially eclipsed human users. “The internet as a whole was created with this very basic notion that there’s a human being on […]
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