Breaking News: Technology
Google sells partial stake in fiber business, becomes minority owner of new venture
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google said its fiber internet unit called GFiber is combining with Astound Broadband and forming an independent provider, with Google remaining as a minority shareholder. The new company will be majority owned by investment firm Stonepeak and led by […]
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FCC chair slams Amazon for slow satellite launches after it opposed SpaceX data center plan
FCC Chairman Brendan Carr testifies during the House Energy and Commerce Subcommittee on Communications and Technology hearing titled “Oversight of the Federal Communications Commission,” in Rayburn building on Wednesday, January 14, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Communications Commission Chairman Brendan Carr lashed out at Amazon on Wednesday for opposing […]
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Atlassian slashes 10% of workforce to ‘self-fund’ investments in AI and enterprise sales
Mike Cannon-Brookes, co-founder of Atlassian Corp., in Sydney, Australia, on Dec. 6, 2023. Lisa Maree Williams | Bloomberg | Getty Images Atlassian said on Wednesday that it’s eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence. “We are […]
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The memory stock cycle of boom-bust-repeat is over, executives say
The artificial intelligence spending blitz has the memory industry dancing to a new tune. Shares of Micron are up more than 370% over the past year, while Sandisk, which only listed in February of last year, is up more than 1100%. For decades, memory stocks were stuck in a trader’s game, a boom-bust-repeat pattern, but […]
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Oracle’s TikTok stake sits at just over $2 billion, filing shows
Sopa Images | Lightrocket | Getty Images Almost two months after TikTok’s U.S. operations officially landed in the hands of a group of investors, Oracle disclosed its stake in the joint venture at roughly $2 billion. In its quarterly financial filing on Wednesday, Oracle said it recorded “non-marketable debt investments and equity securities and related […]
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Microsoft plans to ship prototype of next Xbox console to developers in 2027
Fairgoers play at the Xbox booth at the Cologne Trade Fair Center during the opening day of Gamescom 2025 in Cologne, Germany, on August 20, 2025. Ying Tang | Nurphoto | Getty Images Microsoft said Wednesday that it will send video game developers prototypes of its next-generation Xbox console in 2027, as the company tries […]
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Revolut acquires full UK banking license after years-long wait
Fintech Revolut has finally acquired a full U.K. banking license after a years-long wait, unlocking its ability to offer a new range of products in the country, including lending. The startup, which hit a $75 billion valuation in 2025 and is one of Europe’s most valuable private tech companies, will be able to start offering […]
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Oracle stock spikes 12% as strong Q3 earnings answer Wall Street AI buildout concerns
A trader on the floor of the New York Stock Exchange on April 10, 2025. NYSE Oracle shares rose 12% Wednesday after the company posted robust third-quarter earnings and assured analysts that the company does not plan to raise any additional debt in 2026 beyond what was already announced. “Investing in AI infrastructure is capital-intensive, […]
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Meta rolls out in-house AI chips weeks after massive Nvidia, AMD deals
Meta’s 5-gigawatt Hyperion data center under construction in Richland Parish, Louisiana, Jan. 9, 2026. Courtesy of Meta Meta on Wednesday revealed four custom, in-house chips tailored for artificial intelligence-related tasks as part of the company’s massive data center expansion plans. The specialized silicon is part of the Meta Training and Inference Accelerator, or MTIA, family […]
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Nebius stock pops 10% on Nvidia $2 billion investment announcement
Jensen Huang, chief executive officer of Nvidia Corp., speaks during the 2026 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 6, 2026. Siemens and Nvidia announced an expansion of their strategic partnership to develop industrial and physical AI solutions to bring AI-driven innovation to industrial workflow. Photographer: Bridget Bennett/Bloomberg via Getty Images Bloomberg […]
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