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stories 241–300 of 345
BIG TECH$1B acquisition
Cyera to Acquire Oasis Security for $1 Billion
Cyera signed a letter of intent to acquire Israeli non-human-identity security startup Oasis Security for roughly $1 billion, the second-largest security deal of 2026 and a direct bet on securing the AI agents flooding enterprise networks.
Meta And BlackRock Partner On $14B El Paso Data Center
BIG TECH
Meta And BlackRock Partner On $14B El Paso Data Center
Meta and BlackRock-managed funds formed an $14 billion joint venture to build a Texas data center campus, with BlackRock taking 80% ownership and financing a third of its stake with debt.
Chip Stock Rout Spreads From Seoul to Wall Street, Erases $1T+
BIG TECH
Chip Stock Rout Spreads From Seoul to Wall Street, Erases $1T+
A memory-chip selloff that began with a 10.8% Kospi plunge spread into US markets this week, with Micron and AMD down 10-11%, Intel down 8%, and more than $1 trillion wiped from chip-related names in a single session.
PayPal Leaves Door Open To Higher Buyout Offer
BIG TECH$53B+ bid
PayPal Leaves Door Open To Higher Buyout Offer
PayPal CEO Enrique Lores said the company remains 'open and objective' to evaluating acquisition offers after posting a beat-and-raise quarter, following a rejected $53 billion joint bid from Stripe and Advent International.
SK Hynix, Samsung Plunge, Dragging US Chip Stocks
BIG TECH-14.65% SK Hynix
SK Hynix, Samsung Plunge, Dragging US Chip Stocks
SK Hynix fell 14.65% and Samsung dropped more than 13% in Seoul trading Tuesday, with Kioxia down over 18%, as Goldman Sachs warnings on HBM memory pricing dragged Micron, AMD and Intel lower in the US.
Apple And Google Both Blink As RAM Prices Sextuple
BIG TECHRAM up ~6x
Apple And Google Both Blink As RAM Prices Sextuple
Apple launches a Klarna-backed lease-to-own plan Tuesday and Google confirmed Pixel price hikes, as both companies respond to memory costs that jumped sixfold from $2.80 to $12 per gigabyte in a year.
Apple Reclaims Title As World's Most Valuable Company
BIG TECH~$4.94T cap
Apple Reclaims Title As World's Most Valuable Company
Apple's market capitalization climbed past $4.94 trillion Monday, edging ahead of Nvidia's roughly $4.83 trillion, as investors rotated toward companies with more restrained AI capital spending.
Apple Reclaims World's Most Valuable Company From Nvidia
BIG TECH
Apple Reclaims World's Most Valuable Company From Nvidia
Apple reclaimed the title of world's most valuable public company on Monday, its market cap reaching roughly $4.94 trillion against Nvidia's $4.83 trillion, as investors rewarded Apple's restraint on AI capital spending.
Nvidia Weighs $250B Guarantee For OpenAI's Ohio Campus
BIG TECH
Nvidia Weighs $250B Guarantee For OpenAI's Ohio Campus
Nvidia is negotiating a roughly $250 billion financing guarantee to help OpenAI lease SoftBank's planned 10-gigawatt Ohio data center, on top of a separate $350 billion chip-financing discussion.
TPG in Exclusive Talks to Buy Netrality for Up to $3B
BIG TECHup to $3B
TPG in Exclusive Talks to Buy Netrality for Up to $3B
Private equity firm TPG is in exclusive talks to acquire Macquarie-backed Netrality Data Centers in a deal that could value the carrier-neutral data center operator at up to $3 billion.
Nvidia, OpenAI Weigh $250B Ohio Data Center Backstop
BIG TECH$250B Backstop
Nvidia, OpenAI Weigh $250B Ohio Data Center Backstop
Nvidia is reportedly negotiating a roughly $250 billion backstop for OpenAI's 10-gigawatt Ohio data center lease, plus a separate $350 billion chip-financing discussion, deepening its financial entanglement with its largest customer.
Big Tech's $725B AI Bet Faces Earnings Reckoning
BIG TECH
Big Tech's $725B AI Bet Faces Earnings Reckoning
Meta, Microsoft, Amazon and Apple report earnings this week carrying a combined $725 billion 2026 AI capital-spending plan into a market that has grown newly skeptical of unlimited AI infrastructure spending.
Nvidia's $750B AI Deal Spree Revives Circular-Financing Fears
BIG TECH$750B AI Deal Spree
Nvidia's $750B AI Deal Spree Revives Circular-Financing Fears
Nvidia is reportedly assembling more than $750 billion in combined AI infrastructure financing deals, triggering the largest single-day jump on record in the cost of insuring its own debt against default.
SpaceX's Starship Flight 13 Nails First Starlink V3 Deploy
BIG TECH
SpaceX's Starship Flight 13 Nails First Starlink V3 Deploy
SpaceX's 13th Starship test flight successfully deployed 20 next-generation Starlink V3 satellites for the first time and relit a Raptor engine in space, with both stages splashing down under control.
Intel Beats Earnings by $1.7B, Then Craters 11% on Capex
BIG TECH-11% Post-Earnings
Intel Beats Earnings by $1.7B, Then Craters 11% on Capex
Intel posted its best revenue growth in over 15 years and doubled EPS estimates, but shares fell 11% Friday as investors focused on a capex hike to more than $20 billion and a warning that 2027 spending goes higher still.
Meta, Microsoft Face Renewed AI-Spending Unease Pre-Earnings
BIG TECH
Meta, Microsoft Face Renewed AI-Spending Unease Pre-Earnings
Meta, Microsoft and Amazon face renewed investor anxiety over debt-fueled AI capital spending heading into earnings week, after Alphabet raised its 2026 capex forecast by as much as $15 billion and posted its first-ever negative free cash flow.
Oracle Locks Pentagon Into $7 Billion, 10-Year Software Deal
BIG TECH$7B Contract
Oracle Locks Pentagon Into $7 Billion, 10-Year Software Deal
Oracle signed a 10-year Pentagon contract worth up to $7 billion to standardize on-premises software across the military, intelligence community and Coast Guard, with the CIA as its first customer.
Tesla, Alphabet Selloff Spreads to Asia as Oil Tops $100
BIG TECHBrent Crude Tops $100
Tesla, Alphabet Selloff Spreads to Asia as Oil Tops $100
Tesla's 14.5% crash and Alphabet's 7% capex-fear drop sent Wall Street to its worst session in months, and the rout spread into Asia as Brent crude topped $100 for the first time since May.
Tesla Stock Craters 14.5% on Profit Miss, AI Capex Surge
BIG TECH-14.5% Stock Drop
Tesla Stock Craters 14.5% on Profit Miss, AI Capex Surge
Tesla posted record $28.2 billion revenue but missed profit estimates as capex surged 142% to fund Optimus and AI infrastructure, sending shares to an 11-month low.
Google Posts First-Ever Negative Free Cash Flow on AI Spend
BIG TECH-$5.9B FCF
Google Posts First-Ever Negative Free Cash Flow on AI Spend
Alphabet reported negative free cash flow of roughly $5.9 billion in Q2, the first negative quarter in its history as a public company, after capex hit $44.9 billion and 2026 guidance rose to as much as $205 billion.
Alphabet's Record $112B Profit Gets Punished Anyway
BIG TECH$112.1B net profit
Alphabet's Record $112B Profit Gets Punished Anyway
Alphabet posted a record $112.1 billion quarterly profit, up 298% year-over-year and driven largely by gains on its SpaceX and Anthropic stakes, yet shares fell alongside Tesla on capex worries.
Google Cloud Soars 82%, Yet Alphabet Stock Sinks on Capex
BIG TECH$24.8B Cloud Revenue (+82%)
Google Cloud Soars 82%, Yet Alphabet Stock Sinks on Capex
Alphabet's Q2 2026 results showed Google Cloud revenue up 82% to $24.8 billion and a $514 billion backlog, but investors sent shares lower after the company raised 2026 capex guidance to $195-205 billion.
Meta Cuts 1,400 More Jobs as AI Bet Underdelivers
BIG TECH1,400 Jobs Cut
Meta Cuts 1,400 More Jobs as AI Bet Underdelivers
Meta is cutting 1,400 positions across Washington state starting July 22, the latest round in a restructuring that has already eliminated 8,000 jobs this year as Zuckerberg admits the AI push "hasn't really accelerated" as expected.
OpenAI Commits $30B to Massive Georgia Data Center
BIG TECH$30B Data Center
OpenAI Commits $30B to Massive Georgia Data Center
OpenAI unveiled 'Project Camellia,' a 3.2-gigawatt, 1,400-acre data center campus in Effingham County, Georgia, backed by $30 billion in spending and built in phases through 2032.
AMD to Invest Up to $5B in Anthropic in Chip Mega-Deal
BIG TECHUp to $5B Investment
AMD to Invest Up to $5B in Anthropic in Chip Mega-Deal
AMD agreed to invest up to $5 billion in Anthropic as part of a multi-gigawatt chip deal in which Anthropic will deploy as much as 2 gigawatts of AMD's Instinct MI450 accelerators starting in 2027, a direct challenge to Nvidia's grip on frontier-lab compute.
Altman and Ive's Hardware Bet Now Sits at the Center of OpenAI's Future
BIG TECH
Altman and Ive's Hardware Bet Now Sits at the Center of OpenAI's Future
OpenAI's $6.5 billion bet on Jony Ive's io Products, expected to ship its first device in H2 2026, is now the subject of a trade-secrets lawsuit from Apple and the central flashpoint in the fight over what OpenAI becomes next.
Jensen Huang Defends Chinese AI Amid Kimi K3 Panic
BIG TECH
Jensen Huang Defends Chinese AI Amid Kimi K3 Panic
Nvidia's Jensen Huang told Axios that Wall Street has misread Kimi K3's threat, arguing cheap, open Chinese models expand demand for chips rather than destroy it, and that 'zero possibility' exists of China running US AI labs off the road.
Chip Stocks Enter Bear Market as AI Rally Cracks
BIG TECH-24% SOX drawdown
Chip Stocks Enter Bear Market as AI Rally Cracks
The Philadelphia Semiconductor Index has fallen 24% from its June record into a confirmed bear market after Moonshot AI's cut-rate Kimi K3 model undercut the thesis that frontier-adjacent AI requires frontier-level compute spend.
PayPal's Board Meets Today to Weigh Stripe's $53B Bid
BIG TECH$53.4B buyout bid
PayPal's Board Meets Today to Weigh Stripe's $53B Bid
PayPal's board is convening as soon as today to weigh a $53 billion buyout offer from Stripe and Advent International at $60.50 a share, a bid that would make Stripe co-owner of the payments company it once tried to disrupt.
AMD Jumps as Microsoft Bets Azure on Helios Over Nvidia
BIG TECHAMD +4-5% on deal news
AMD Jumps as Microsoft Bets Azure on Helios Over Nvidia
Microsoft will deploy AMD's Helios rack-scale AI platform across Azure data centers, an expanded partnership that sent AMD shares up as much as 5% and handed the chipmaker its most direct challenge yet to Nvidia's AI infrastructure dominance.
Samsung Biologics Buys PolyPeptide in $1.8B Cash Deal
BIG TECH$1.8B all-cash
Samsung Biologics Buys PolyPeptide in $1.8B Cash Deal
Samsung Biologics agreed to acquire Switzerland's PolyPeptide Group in an all-cash deal valuing the contract drugmaker's equity at roughly $1.8 billion, extending a wave of large biotech and pharma manufacturing consolidation through 2026.
Moonshot's Kimi K3 Sends Chip Stocks Into a Bear Market
BIG TECHSOX -20%+ from peak
Moonshot's Kimi K3 Sends Chip Stocks Into a Bear Market
China's Moonshot AI unveiled a 2.8-trillion-parameter open-weight model that benchmarks competitively with GPT-5.6 and Claude Fable 5, dragging the Philadelphia Semiconductor Index into a technical bear market and handing Wall Street its worst week in a month.
Apple, Nvidia Battle for Most Valuable Company
BIG TECHMarket-cap race
Apple, Nvidia Battle for Most Valuable Company
Apple and Nvidia are trading blows for the title of world's most valuable public company, a symbolic marker of how completely AI-driven chip demand has reshaped the market-cap hierarchy that Apple's iPhone business once dominated alone.
Amazon Fixes Bug That Billed AWS Customers Billions
BIG TECH
Amazon Fixes Bug That Billed AWS Customers Billions
Amazon is fixing a software billing error that generated erroneous invoices showing billions owed by some AWS customers, a stumble landing the same week investors scrutinize execution across AI infrastructure.
AI Chip Trade Wobbles as SoftBank, Asia Semis Slide
BIG TECH
AI Chip Trade Wobbles as SoftBank, Asia Semis Slide
A steep global tech selloff hit AI chip stocks hardest, with SoftBank falling over 9% and Asian semiconductor names tracking a Wall Street rout, as investors questioned whether AI infrastructure spending has outrun near-term demand.
Apple Intelligence Clears China Launch With Alibaba's Qwen
BIG TECH
Apple Intelligence Clears China Launch With Alibaba's Qwen
Apple won Chinese regulatory approval to launch Apple Intelligence by swapping in Alibaba's Qwen model for on-device and cloud AI features, the clearest sign yet that no foreign AI system -- not even Apple's own -- gets into China without a local partner.
Uber's $14.8B Delivery Hero Deal Doubles Its Reach
BIG TECH$14.8B deal
Uber's $14.8B Delivery Hero Deal Doubles Its Reach
Uber agreed to acquire Delivery Hero's international operations for $14.8 billion in cash, nearly doubling Uber's global delivery footprint across 50 markets while a separate buyer takes 14 additional Delivery Hero markets.
NetApp Buys DataPelago to Make Storage AI-Ready
BIG TECH
NetApp Buys DataPelago to Make Storage AI-Ready
NetApp acquired AI-data-infrastructure startup DataPelago to process AI workloads directly at the storage layer, cutting data-prep costs by up to 80% and eliminating the need to copy data into separate compute environments.
Alibaba, Baidu Jump on Reported Apple AI Tie-Up
BIG TECH
Alibaba, Baidu Jump on Reported Apple AI Tie-Up
Alibaba and Baidu shares rose sharply in Hong Kong trading on reports that Apple is partnering with Chinese AI providers to power AI features for iPhones sold in China.
TSMC Adds $100B Arizona Bet After Profit Soars 77%
BIG TECH$100B new investment
TSMC Adds $100B Arizona Bet After Profit Soars 77%
TSMC will invest an additional $100 billion in its Arizona chip fabs after quarterly profit jumped 77%, deepening the US buildout underpinning Nvidia, Apple and AMD's leading-edge chip supply.
SK Hynix Leads an 8% Asia Tech Stock Rally
BIG TECH+8% on July 15
SK Hynix Leads an 8% Asia Tech Stock Rally
SK Hynix shares jumped roughly 8% on July 15 as Asian tech stocks rallied broadly, extending the memory-chip maker's run since its record US listing earlier this year.
Meta's Louisiana AI Data Center Tops $50 Billion
BIG TECH$50B+ (was $27B)
Meta's Louisiana AI Data Center Tops $50 Billion
Meta confirmed its Richland Parish, Louisiana data center will cost more than $50 billion, up from $27 billion disclosed last October and an original plan of roughly $10 billion -- a fivefold increase in under two years.
Markets Slide as US Strikes Iran, Shuts Hormuz Strait
BIG TECHOil ~$79/bbl
Markets Slide as US Strikes Iran, Shuts Hormuz Strait
US Central Command carried out fresh strikes on Iran after accusing it of attacking a container ship in the Strait of Hormuz, sending Asian markets tumbling and chip stocks sliding as oil pushed toward $79 a barrel.
Why Bitcoin Is Stuck in a Bear Market
BIG TECH
Why Bitcoin Is Stuck in a Bear Market
Bitcoin remains mired in a bear market on weak spot demand, ETF outflows and macro caution, but Fortune reports at least one analyst still expects a rebound to $100,000 by year-end.
Tech Workers Are Retiring Early to Avoid AI
BIG TECH
Tech Workers Are Retiring Early to Avoid AI
A growing number of tech workers are choosing early retirement rather than adapt to AI-driven workplace changes, Fortune reports, as automation reshapes roles faster than some employees want to manage.
Meta Tests "Super-Sensing" AI Glasses That Record Nonstop
BIG TECH
Meta Tests "Super-Sensing" AI Glasses That Record Nonstop
Meta added a safeguard disabling its Ray-Ban AI glasses if the recording LED is tampered with, even as reports say it's testing a prototype that would continuously record audio and photos without necessarily lighting that LED.
Amazon Layoffs Take Their Toll in a Saturated Job Market
BIG TECH
Amazon Layoffs Take Their Toll in a Saturated Job Market
Amazon has cut more than 57,000 corporate staffers since 2022, and laid-off workers describe a job market so saturated that a single posting draws 200 to 300 applicants within hours, CNBC reports.
OpenAI Hands Brockman Key Power Ahead of IPO
BIG TECH
OpenAI Hands Brockman Key Power Ahead of IPO
OpenAI consolidated ChatGPT, enterprise and compute under president Greg Brockman after Fidji Simo stepped down for health reasons, putting him under pressure to justify the company's IPO valuation.
Meta Stock Notches Best Week Since 2024 on AI Optimism
BIG TECH
Meta Stock Notches Best Week Since 2024 on AI Optimism
Meta shares rallied 15% for the week, their best since early 2024, after the company shipped Muse Image and Muse Spark 1.1 and disclosed plans for a custom "Iris" AI chip to double its compute capacity.
OpenAI Power Consolidates Under Brockman Ahead of IPO
BIG TECH
OpenAI Power Consolidates Under Brockman Ahead of IPO
OpenAI President Greg Brockman is absorbing ChatGPT's product business, go-to-market, enterprise operations and compute initiatives after Fidji Simo's exit, centralizing authority ahead of a prospective IPO.
OpenAI's No. 2 Executive Fidji Simo Steps Down Over Health Issues
BIG TECH
OpenAI's No. 2 Executive Fidji Simo Steps Down Over Health Issues
Fidji Simo, OpenAI's CEO of Applications and Sam Altman's top deputy, is stepping down to a part-time advisor role after a severe flare-up of a chronic illness she's managed for seven years.
OpenAI Says GPT-5.6 Is 'Preferred Model' for Copilot Amid Breakup Talk
BIG TECH
OpenAI Says GPT-5.6 Is 'Preferred Model' for Copilot Amid Breakup Talk
OpenAI declared GPT-5.6 the 'preferred model' powering Microsoft 365 Copilot days after Bloomberg reported Microsoft was replacing OpenAI models with its in-house MAI system in Word and Excel.
Musk Praises Anthropic's Mythos, Vows Not to Cut It Off
BIG TECH
Musk Praises Anthropic's Mythos, Vows Not to Cut It Off
Elon Musk publicly praised Anthropic's Mythos and Fable models as best-in-class and promised not to cut the company off from SpaceX's compute, walking back a September 2025 prediction that Anthropic could never win.
Zoom to Acquire AI Sales Platform Common Room
BIG TECHUndisclosed terms
Zoom to Acquire AI Sales Platform Common Room
Zoom agreed to acquire AI go-to-market intelligence platform Common Room, folding buyer-intent signals into its Revenue Accelerator product as the video company pushes deeper into AI-driven sales tooling.
Broadcom and Apple Extend Custom Chip Pact Through 2031
BIG TECHMulti-year extension through 2031
Broadcom and Apple Extend Custom Chip Pact Through 2031
Broadcom and Apple agreed on July 7 to extend their custom-silicon partnership through 2031, deepening a relationship that dates to the late 2000s as Broadcom's ASIC business increasingly threatens Nvidia elsewhere.
Forterra's American Autonomous Ground Vehicles Now Fighting in Ukraine
BIG TECH100+ vehicles, 1,100+ missions
Forterra's American Autonomous Ground Vehicles Now Fighting in Ukraine
More than 100 Forterra Lancer ground vehicles have run over 1,100 real combat-logistics missions in Ukraine since October 2025, still mostly under human teleoperation, as the $500M-plus-funded startup pushes toward full autonomy.
Even Banks and Hyperscalers Are Now Warning of an AI Bubble
BIG TECH$700B+ combined hyperscaler capex
Even Banks and Hyperscalers Are Now Warning of an AI Bubble
The Bank for International Settlements has compared AI capex to the dot-com bubble, citing over $700 billion in combined hyperscaler spending this year and Oracle's stock down more than 40% on doubts about its Stargate lease payments.
Microsoft Guts Xbox and Commercial Teams, Cites AI's Pace
BIG TECH~3,200 jobs, 5 studios cut
Microsoft Guts Xbox and Commercial Teams, Cites AI's Pace
Microsoft cut five Xbox studios and roughly 3,200 jobs this week, telling staff the world is 'changing faster than we can keep up,' the clearest sign yet that AI-driven restructuring has reached even the biggest AI winners' most profitable legacy divisions.
Microsoft Guts Commercial, Xbox Teams Citing AI-Era Pace
BIG TECH4,800 roles cut
Microsoft Guts Commercial, Xbox Teams Citing AI-Era Pace
Microsoft cut 4,800 roles on July 6, hitting its commercial sales unit and Xbox division hardest, with HR leadership saying the pace of AI-driven change now outstrips the company's ability to keep up.
Google's AI Boom Drives Record 37% Jump in Power Use
BIG TECH+37% electricity use YoY
Google's AI Boom Drives Record 37% Jump in Power Use
Google's 2026 Environmental Report shows electricity consumption rose 37% year-over-year, its largest annual jump ever, as AI data-center buildout outpaces the company's own grid decarbonization.