BIG TECH
Coverage Timeline
newest first- Sep 15, 2026SoftBank Pays Off $25.9B Of Its OpenAI Bridge Loan Early$25.9B repayment→
- Sep 15, 2026Rocket Lab Fully Funds Its $8B Iridium Buyout$1.944B equity raise→
- Sep 14, 2026Waymo Opens Robotaxi Service In Las Vegas, Its 15th City→
- Sep 14, 2026Amazon Adds TikTok-Style News Clips Inside Prime Video→
- Sep 14, 2026Huawei Pitches A Cheaper Path Around Co-Packaged Optics→
- Sep 14, 2026VW's Mission Efficiency Concept Sets Three EV World Records→
- Sep 14, 2026Sam Altman Says Y Combinator Taught Him To Govern, Not Rule→
- Sep 13, 2026Amazon Set Records While Worker Food Aid Tripled→
- Sep 13, 2026Lyft Finally Has A Driverless Fleet, In Nashville→
- Sep 12, 2026Tesla Sets Oct 1 Roadster Reveal, Fifth Date This Year→
- Sep 12, 2026AI Data Centers Are Now Built Like Military Bunkers→
- Sep 11, 2026Mullenweg Retakes Automattic CEO Job In 48 Hours→
- Sep 11, 2026UAE Rebuilds AI Data Center Plan After Iran Attacks→
- Sep 11, 2026Microsoft Plans To Triple Data Centers To 38GW38GW by 2032 (from ~12GW)→
- Sep 11, 2026Oracle's Cloud Backlog Swells To $664 Billion+121% YoY, $7.4B→
- Sep 10, 2026Apple Unveils iPhone Duo, Its First Foldable$1,999 starting price→
- Sep 9, 2026Meta Buys Swedish AI Startup Stilla To Power Agents→
- Sep 9, 2026Automattic's Board Finally Benches Matt Mullenweg→
- Sep 9, 2026Apple's foldable iPhone Duo starts at $2,000$2,000 starting price→
- Sep 9, 2026Why Apple's Foldable Won't Create Many New VC Winners→
- Sep 8, 2026Qualcomm and Amazon strike $60B AI chip pact$60B chip pact→
- Sep 8, 2026Google's revived nuclear plant nets $1.9B US loan$1.9B DOE loan→
- Sep 8, 2026Robinhood Takes Stakes In Crypto.com And OG.com$20B stake basis→
- Sep 8, 2026Cerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress$20B compute deal→
- Sep 8, 2026Dell's Real Story Isn't the Backlog, It's On-Prem$95B AI backlog→
- Sep 8, 2026Huawei's New Chip Is Built to Need Nobody American→
- Sep 7, 2026Nvidia Now Sits on Every Side of the AI Trade→
- Sep 7, 2026Nvidia's $12.9B Hugging Face Deal Faces Its Critics$12.9B acquisition→
- Sep 6, 2026Phil Schiller Left the App Store Over Its Next Act→
- Sep 6, 2026Tesla Put 45 Cybercabs in Austin. Then NHTSA Called→
- Sep 6, 2026Isar Aerospace Reaches Orbit on Its Second Flight→
- Sep 4, 2026Tesla Opens Cybercab Rides to the Public in Austin→
- Sep 4, 2026John Ternus Takes Over as Apple CEO→
- Sep 3, 2026Nvidia Confirms $12.9B Deal to Buy Hugging Face$12.9B acquisition→
- Sep 3, 2026Adobe Names Anil Chakravarthy CEO, Ending Narayen Era→
- Sep 3, 2026Nvidia Confirms $12.93B Deal for Hugging Face$12.93B acquisition→
- Sep 3, 2026Charter's CFO Jumps to a Blackstone-Google AI Venture→
- Sep 3, 2026Adobe Buys India's Rilo to Bolt On Agentic Marketing→
- Sep 3, 2026Snowflake Jumps 22% as AI Coding Tools Juice Growth→
- Sep 3, 2026Microsoft Will Finally Disclose Azure's Actual Revenue→
All Coverage
BIG TECH$25.9B repayment
SoftBank Pays Off $25.9B Of Its OpenAI Bridge Loan Early
SoftBank is repaying the remaining $25.9 billion balance on the $40 billion bridge loan that financed its OpenAI stake, six months ahead of the March 2027 maturity, shifting the debt behind its biggest-ever bet to longer-term financing.
DEEP DIVE
BIG TECH
Rocket Lab Fully Funds Its $8B Iridium Buyout
BIG TECH$1.944B equity raise
Rocket Lab Fully Funds Its $8B Iridium Buyout
Rocket Lab completed a $1.944 billion public share sale, fully funding its pending $8 billion acquisition of satellite operator Iridium and canceling the $3.6 billion bridge facility it had lined up as a backstop.
DEEP DIVE
BIG TECH
Waymo Opens Robotaxi Service In Las Vegas, Its 15th City
BIG TECH
Waymo Opens Robotaxi Service In Las Vegas, Its 15th City
Waymo began inviting public riders in Las Vegas on September 14, its 15th commercial robotaxi market, deploying dozens of new Ojai minivans on the Strip after Nevada approved up to 1,000 vehicles.
DEEP DIVE
BIG TECH
Amazon Adds TikTok-Style News Clips Inside Prime Video
BIG TECH
Amazon Adds TikTok-Style News Clips Inside Prime Video
Amazon added on-demand, algorithmically curated short-form local and national news clips to Prime Video's News destination, initially on TVs, joining Peacock, HBO Max and Netflix in racing to capture short-form video attention inside streaming apps.
DEEP DIVE
BIG TECH
Huawei Pitches A Cheaper Path Around Co-Packaged Optics
BIG TECH
Huawei Pitches A Cheaper Path Around Co-Packaged Optics
Huawei is promoting near-packaged optics as a lower-cost alternative to co-packaged optics for AI networking, targeting the serviceability and yield problems that have slowed CPO adoption.
DEEP DIVE
BIG TECH
VW's Mission Efficiency Concept Sets Three EV World Records
BIG TECH
VW's Mission Efficiency Concept Sets Three EV World Records
Volkswagen's Mission Efficiency concept posted a 0.158 drag coefficient, the lowest ever certified on a road-legal car, plus a 1,278-kilometer run on a single charging stop from Wolfsburg to Vienna.
DEEP DIVE
BIG TECH
Sam Altman Says Y Combinator Taught Him To Govern, Not Rule
BIG TECH
Sam Altman Says Y Combinator Taught Him To Govern, Not Rule
Sam Altman credited his Y Combinator years with teaching him to govern rather than rule at OpenAI, conceding the company will not get every decision right as it faces safety legislation and an IPO question.
DEEP DIVE
BIG TECH
Amazon Set Records While Worker Food Aid Tripled
BIG TECH
Amazon Set Records While Worker Food Aid Tripled
The number of Amazon employees relying on food assistance has tripled even as the company posted record revenue, a gap that has become the clearest illustration of shrinking labor share in the automation economy.
DEEP DIVE
BIG TECH
Lyft Finally Has A Driverless Fleet, In Nashville
BIG TECH
Lyft Finally Has A Driverless Fleet, In Nashville
Lyft began dispatching Waymo robotaxis in Nashville, its first commercial fully driverless service, with its Flexdrive subsidiary running depots, maintenance and fleet operations for the vehicles.
DEEP DIVE
BIG TECH
Tesla Sets Oct 1 Roadster Reveal, Fifth Date This Year
BIG TECH
Tesla Sets Oct 1 Roadster Reveal, Fifth Date This Year
Tesla confirmed the next-generation Roadster will finally be revealed October 1 in Waco, Texas, with a SpaceX-built cold-gas thruster package Elon Musk says can push it to 60 mph in 1.1 seconds.
DEEP DIVE
BIG TECH
AI Data Centers Are Now Built Like Military Bunkers
BIG TECH
AI Data Centers Are Now Built Like Military Bunkers
A UAE AI campus now weighs underground bunkers and air defense, Google just locked in nuclear power for Finland, and a nuclear-plant operator is going public -- power and physical security, not GPUs, are AI's newest constraint.
DEEP DIVE
BIG TECH
Mullenweg Retakes Automattic CEO Job In 48 Hours
BIG TECH
Mullenweg Retakes Automattic CEO Job In 48 Hours
Matt Mullenweg told Automattic staff he's back in control as CEO, two days after the company's board voted to place him on paid leave and name CFO Mark Davies interim chief.
FOLLOW-UP
BIG TECH
UAE Rebuilds AI Data Center Plan After Iran Attacks
BIG TECH
UAE Rebuilds AI Data Center Plan After Iran Attacks
The UAE is redesigning a 5-gigawatt AI data-center campus into smaller, partly underground sites with air defenses, after Iranian strikes damaged AWS facilities in the UAE and Bahrain and a video named Stargate UAE as a target.
DEEP DIVE
BIG TECH
Microsoft Plans To Triple Data Centers To 38GW
BIG TECH38GW by 2032 (from ~12GW)
Microsoft Plans To Triple Data Centers To 38GW
Microsoft is planning to more than triple its data-center capacity to about 38 gigawatts by 2032, a buildout large enough to outdraw New York State at peak as it races to end an AI compute shortage that has forced it to turn away customers.
DEEP DIVE
BIG TECH
Oracle's Cloud Backlog Swells To $664 Billion
BIG TECH+121% YoY, $7.4B
Oracle's Cloud Backlog Swells To $664 Billion
Oracle's cloud infrastructure revenue more than doubled year over year and its contracted backlog hit $664 billion, but the growth is arriving on top of a debt-funded capex bet the company is still working through.
DEEP DIVE
BIG TECH
Apple Unveils iPhone Duo, Its First Foldable
BIG TECH$1,999 starting price
Apple Unveils iPhone Duo, Its First Foldable
Apple entered the foldable-phone market for the first time with the $1,999 iPhone Duo, a passport-style fold with a 7.6-inch inner display, arriving roughly five years after Samsung's first Galaxy Fold.
DEEP DIVE
BIG TECH
Meta Buys Swedish AI Startup Stilla To Power Agents
BIG TECH
Meta Buys Swedish AI Startup Stilla To Power Agents
Meta acquired Swedish AI agent startup Stilla, eight months after it emerged from stealth with $5 million in pre-seed funding, to accelerate Meta Business Agent's transaction handling across WhatsApp, Messenger and Instagram.
DEEP DIVE
BIG TECH
Automattic's Board Finally Benches Matt Mullenweg
BIG TECH
Automattic's Board Finally Benches Matt Mullenweg
Automattic's board placed founder-CEO Matt Mullenweg on leave against his will, installing CFO Mark Davies as interim chief after two years of WordPress-WP Engine warfare.
TRACE'S TAKE
BIG TECH
Apple's foldable iPhone Duo starts at $2,000
BIG TECH$2,000 starting price
Apple's foldable iPhone Duo starts at $2,000
Apple's first foldable iPhone, reportedly named iPhone Duo, is expected to start at $2,000 for a 256GB model, undercutting some analyst price forecasts for the device.
DEEP DIVE
BIG TECH
Why Apple's Foldable Won't Create Many New VC Winners
BIG TECH
Why Apple's Foldable Won't Create Many New VC Winners
Apple's first foldable iPhone ships today under its first new-era CEO, and the more interesting investable story isn't the hinge supplier -- it's what happens downstream if the device actually sells.
DEEP DIVE
BIG TECH
Qualcomm and Amazon strike $60B AI chip pact
BIG TECH$60B chip pact
Qualcomm and Amazon strike $60B AI chip pact
Qualcomm and Amazon announced a multi-generational deal to co-develop custom AI inference chips and optical interconnects for AWS data centers, tied to up to $60 billion in potential future purchases and a warrant for Amazon to buy a stake in Qualcomm worth.
DEEP DIVE
BIG TECH
Google's revived nuclear plant nets $1.9B US loan
BIG TECH$1.9B DOE loan
Google's revived nuclear plant nets $1.9B US loan
The US Department of Energy closed a $1.9 billion loan to NextEra Energy to help restart the shuttered Duane Arnold nuclear plant in Iowa, which Google has committed to buying power from for its AI data centers.
DEEP DIVE
BIG TECH
Robinhood Takes Stakes In Crypto.com And OG.com
BIG TECH$20B stake basis
Robinhood Takes Stakes In Crypto.com And OG.com
Robinhood signed a multi-year prediction-markets deal with Crypto.com and took minority equity stakes in Crypto.com and its OG.com spinoff, priced off Crypto.com's $20 billion valuation from a July Citadel Securities investment.
DEEP DIVE
BIG TECH
Cerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress
BIG TECH$20B compute deal
Cerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress
Cerebras Systems shares jumped 15.1% after Wedbush said new evidence of its chips powering an ultrafast OpenAI model tier shows real progression in the two companies' existing $20 billion compute agreement.
DEEP DIVE
BIG TECH
Dell's Real Story Isn't the Backlog, It's On-Prem
BIG TECH$95B AI backlog
Dell's Real Story Isn't the Backlog, It's On-Prem
A week after Dell's record AI-server quarter, Fortune's read is that the number everyone quoted -- the $95 billion backlog -- obscures the bigger shift: enterprises moving AI workloads off the cloud and onto hardware they own.
FOLLOW-UP
BIG TECH
Huawei's New Chip Is Built to Need Nobody American
BIG TECH
Huawei's New Chip Is Built to Need Nobody American
Huawei's new Kirin 9050 Pro processor uses a proprietary 'Tau Scaling' architecture designed to claw back performance without the advanced chipmaking equipment TSMC and Intel rely on -- and that US export controls keep out of China.
DEEP DIVE
BIG TECH
Nvidia Now Sits on Every Side of the AI Trade
BIG TECH
Nvidia Now Sits on Every Side of the AI Trade
Nvidia is the chip vendor to Crusoe and Fluidstack, an equity investor in Ineffable and SB Energy, and as of this month the owner of Hugging Face -- the open-model registry the industry treats as neutral ground.
DEEP DIVE
BIG TECH
Nvidia's $12.9B Hugging Face Deal Faces Its Critics
BIG TECH$12.9B acquisition
Nvidia's $12.9B Hugging Face Deal Faces Its Critics
Four days after Nvidia confirmed its $12.9 billion acquisition, the argument has shifted from price to control: who arbitrates neutrality when the chip vendor owns the repository where 80 million users publish models.
FOLLOW-UP
BIG TECH
Phil Schiller Left the App Store Over Its Next Act
BIG TECH
Phil Schiller Left the App Store Over Its Next Act
Bloomberg reports Apple's longtime App Store chief stepped aside partly because he did not want to run the margin-expansion and recurring-revenue push that new CEO John Ternus and services chief Eddy Cue are planning.
DEEP DIVE
BIG TECH
Tesla Put 45 Cybercabs in Austin. Then NHTSA Called
BIG TECH
Tesla Put 45 Cybercabs in Austin. Then NHTSA Called
Tesla registered 45 Cybercabs with Texas's automated-vehicle tracker and began service in Austin without steering wheels or pedals; federal regulators opened an investigation within hours.
FOLLOW-UP
BIG TECH
Isar Aerospace Reaches Orbit on Its Second Flight
BIG TECH
Isar Aerospace Reaches Orbit on Its Second Flight
The Munich-based launch startup put payloads into orbit from Andoya, Norway, becoming the first commercial company to deliver satellites to orbit from continental Europe.
DEEP DIVE
BIG TECH
Tesla Opens Cybercab Rides to the Public in Austin
BIG TECH
Tesla Opens Cybercab Rides to the Public in Austin
Tesla began offering paid Cybercab robotaxi rides to the general public in parts of Austin, a steering-wheel-free two-seater that immediately drew scrutiny from federal safety regulators.
DEEP DIVE
BIG TECH
John Ternus Takes Over as Apple CEO
BIG TECH
John Ternus Takes Over as Apple CEO
Tim Cook stepped down after 15 years and hardware chief John Ternus became Apple's CEO on Sept. 4, inheriting a $4.75 trillion company facing a memory chip shortage, slowing growth and a widening AI gap with OpenAI and Google.
DEEP DIVE
BIG TECH
Nvidia Confirms $12.9B Deal to Buy Hugging Face
BIG TECH$12.9B acquisition
Nvidia Confirms $12.9B Deal to Buy Hugging Face
Nvidia formally confirmed its $12.9 billion acquisition of Hugging Face, the open-source AI model repository, converting a deal reported as unsigned in August into a completed agreement with public commitments on platform neutrality.
FOLLOW-UP
BIG TECH
Adobe Names Anil Chakravarthy CEO, Ending Narayen Era
BIG TECH
Adobe Names Anil Chakravarthy CEO, Ending Narayen Era
Adobe named longtime executive Anil Chakravarthy as its next CEO, ending Shantanu Narayen's 19-year run atop the company as he moves to executive chair.
DEEP DIVE
BIG TECH
Nvidia Confirms $12.93B Deal for Hugging Face
BIG TECH$12.93B acquisition
Nvidia Confirms $12.93B Deal for Hugging Face
Nvidia agreed to pay $12.93 billion for Hugging Face, the open-source AI model and dataset hub used by more than 18 million developers, with Jensen Huang pledging the platform stays open and compute-agnostic.
FOLLOW-UP
BIG TECH
Charter's CFO Jumps to a Blackstone-Google AI Venture
BIG TECH
Charter's CFO Jumps to a Blackstone-Google AI Venture
Charter Communications CFO Jessica Fischer is leaving to become CFO of a Blackstone-Google joint venture building US AI data-center capacity, seeded with $5 billion in equity toward 500 megawatts by 2027.
DEEP DIVE
BIG TECH
Adobe Buys India's Rilo to Bolt On Agentic Marketing
BIG TECH
Adobe Buys India's Rilo to Bolt On Agentic Marketing
Adobe acquired the six-person, Bengaluru-based AI workflow startup Rilo for an undisclosed sum, adding natural-language marketing automation as it fends off Canva and agentic pushes from Anthropic and OpenAI.
DEEP DIVE
BIG TECH
Snowflake Jumps 22% as AI Coding Tools Juice Growth
BIG TECH
Snowflake Jumps 22% as AI Coding Tools Juice Growth
Snowflake beat Wall Street's second-quarter estimates and raised its full-year guidance, sending shares up as much as 22-25% on accelerating adoption of its CoCo and CoWork AI products.
DEEP DIVE
BIG TECH
Microsoft Will Finally Disclose Azure's Actual Revenue
BIG TECH
Microsoft Will Finally Disclose Azure's Actual Revenue
Microsoft will begin reporting Azure's dollar revenue for the first time starting fiscal 2027, collapsing three segments into two and stripping GitHub and Security Copilot out of the Azure number.
DEEP DIVE
BIG TECH
AI Capex Earnings Season Delivers a Split Verdict
BIG TECH
AI Capex Earnings Season Delivers a Split Verdict
Snowflake, Broadcom, and Microsoft all reported this week, and the market rewarded AI-product mix and disclosure clarity over raw growth -- Broadcom's 86% growth was punished, Snowflake's slower 35% was not.
BY THE NUMBERS
BIG TECH
Broadcom Beats on Earnings, Drops 5% on Weak Guidance
BIG TECH
Broadcom Beats on Earnings, Drops 5% on Weak Guidance
Broadcom beat revenue and earnings estimates but guided fiscal fourth-quarter revenue slightly below consensus, sending shares down as much as 5% despite 86% year-over-year growth.
FOLLOW-UP
BIG TECH
Microsoft Will Finally Break Out Azure's Real Revenue
BIG TECH
Microsoft Will Finally Break Out Azure's Real Revenue
Microsoft will disclose standalone Azure revenue for the first time starting this fall, restating the cloud business at $29.4 billion and 42% growth as part of a broader two-segment reporting overhaul.
DEEP DIVE
BIG TECH
Palo Alto Networks Pays $500M for Console
BIG TECH$500M acquisition
Palo Alto Networks Pays $500M for Console
Palo Alto Networks acquired Console, a two-year-old AI agent platform that automates IT help-desk tasks, for about $500 million in cash and stock -- a roughly 3x markup on the $157 million valuation Thrive Capital backed months earlier.
DEEP DIVE
BIG TECH
Dell's AI Order Backlog Hits a Record $95B
BIG TECH$60.9B AI order backlog
Dell's AI Order Backlog Hits a Record $95B
Dell posted a record $60.9 billion in AI server orders and raised full-year guidance well above Wall Street's prior estimate, extending a rally that has lifted the stock about 20% in a month.
DEEP DIVE
BIG TECH
Delivery Hero Board Backs Uber's $15B Bid
BIG TECH$15B takeover bid
Delivery Hero Board Backs Uber's $15B Bid
Delivery Hero's board endorsed a $15 billion takeover offer from Uber, already the delivery company's largest shareholder, in a deal that would double Uber's delivery footprint outside China.
DEEP DIVE
BIG TECH
Uber Cuts 3,300 Jobs to Fund Its Robotaxi Bet
BIG TECH
Uber Cuts 3,300 Jobs to Fund Its Robotaxi Bet
Uber is eliminating about 3,300 jobs, roughly 10% of its corporate workforce and its largest cut since 2020, as CEO Dara Khosrowshahi flattens management to redirect spending toward the company's robotaxi partnerships.
DEEP DIVE
BIG TECH
a16z Says Enshittification Isn't Real. The Data Disagrees.
BIG TECH
a16z Says Enshittification Isn't Real. The Data Disagrees.
An Andreessen Horowitz-published essay argued social media satisfaction is rising and 'enshittification' is a myth, but the survey data it cites is contradicted by separate research showing declining trust and rising usage stress.
DEEP DIVE
BIG TECH
Broadcom: Arm Servers Are Three to Five Years From Mattering
BIG TECH
Broadcom: Arm Servers Are Three to Five Years From Mattering
Ram Velaga, who runs Broadcom's enterprise software division, said at VMware Explore that Arm servers will not hold significant enterprise market share for at least three to five years, even as VMware previews Arm hypervisor support.
DEEP DIVE
BIG TECH
Gas Pipelines Are the New AI Trade: $10B of Deals in a Week
BIG TECH$4.42B acquisition
Gas Pipelines Are the New AI Trade: $10B of Deals in a Week
ONEOK agreed to buy Brazos Midstream's Permian assets for $4.42 billion days after Williams struck a $5.5 billion deal for Momentum Midstream, as gas gathering capacity gets repriced around AI electricity demand and LNG exports.
DEEP DIVE
BIG TECH
Apple's New CEO Starts With a $55 Million Pay Package
BIG TECH$55M equity award
Apple's New CEO Starts With a $55 Million Pay Package
John Ternus took over as Apple's chief executive on Tuesday, and a new 8-K sets his salary at $3 million now and a $55 million equity award for fiscal 2027, three-quarters of it tied to Apple's return against the S&P 500.
DEEP DIVE
BIG TECH
Cook Leaves Apple 2,680% Higher Than He Found It
BIG TECH
Cook Leaves Apple 2,680% Higher Than He Found It
Apple's total shareholder return over Tim Cook's 15 years as chief executive came to roughly 2,680%, turning a $10,000 investment on his first day into about $278,000 and growing market capitalization from $347 billion to $4.7 trillion.
DEEP DIVE
BIG TECH
Google Aims Nano Banana at Canva With a Tool Called Pics
BIG TECH
Google Aims Nano Banana at Canva With a Tool Called Pics
Google began rolling out Pics on Sept. 1, an AI image creation and editing tool built on its Nano Banana model and bundled into Workspace, Docs and Slides for business and AI Pro subscribers.
DEEP DIVE
BIG TECH
Attackers Hit X Accounts Right After X Money Went Live
BIG TECH
Attackers Hit X Accounts Right After X Money Went Live
X said attackers began mass-triggering password reset forms using public usernames immediately after X Money became widely available, with the company reporting no evidence of successful account takeovers.
DEEP DIVE
BIG TECH
Microsoft and AWS Finally Built the Multicloud Link
BIG TECH
Microsoft and AWS Finally Built the Multicloud Link
Azure Multicloud Interconnect and AWS Interconnect deliver private 100 Gbps links between the two clouds with 99.99% availability, from companies that spent years telling regulators customers barely wanted this.
DEEP DIVE
BIG TECH
Waymo Goes on Offense Days Before Tesla's Cybercab Debut
BIG TECH
Waymo Goes on Offense Days Before Tesla's Cybercab Debut
Waymo argued publicly that Tesla's camera-only approach to self-driving isn't safe enough, kicking off a weekend social-media fight just a week before Tesla is set to formally launch its two-seat Cybercab.
DEEP DIVE
BIG TECH
Waymo and Zoox Both Just Expanded the Robotaxi Map
BIG TECH
Waymo and Zoox Both Just Expanded the Robotaxi Map
Waymo and Amazon's Zoox both expanded into new US cities this week, intensifying a robotaxi race defined by Waymo's scale advantage and Zoox's still-supervised test rollout.
DEEP DIVE
BIG TECH
Tim Cook Steps Down as Apple CEO, Hands Reins to Ternus
BIG TECH
Tim Cook Steps Down as Apple CEO, Hands Reins to Ternus
Cook's 15-year run as Apple CEO ended Monday, handing the job to hardware chief John Ternus while Cook moves into a newly created executive chairman role.
DEEP DIVE
BIG TECH
Tesla Jumps 3.7% as Optimus Enters Production at Fremont
BIG TECH+3.7% on the day
Tesla Jumps 3.7% as Optimus Enters Production at Fremont
Tesla shares rose roughly 3.7% Monday as the broader market slid, after the company pointed to Optimus humanoid robot production getting underway at its converted Fremont, California factory.
DEEP DIVE
BIG TECH
SpaceX Is Building Its Own Gas Turbine Blade Foundry
BIG TECH
SpaceX Is Building Its Own Gas Turbine Blade Foundry
Elon Musk confirmed SpaceX is casting its own turbine blades at a secret Bastrop, Texas foundry to get gas power online 18 months faster for AI data centers -- and it's already triggering a pollution fight.
DEEP DIVE
BIG TECH
AI Labs Are Now Cutting Off Their Own Portfolio
BIG TECH
AI Labs Are Now Cutting Off Their Own Portfolio
OpenAI is severing Cursor's model access after SpaceX bought it -- the clearest sign yet that frontier AI labs now treat model access itself as a strategic weapon, not a neutral utility.
DEEP DIVE
BIG TECH
AI Earnings Season Just Split Into Winners and Losers
BIG TECH
AI Earnings Season Just Split Into Winners and Losers
Salesforce and CrowdStrike jumped more than 20% on AI-driven earnings beats this week, while Marvell fell 6% on a beat of its own -- proof the market is now pricing AI software monetization and AI hardware capacity on opposite curves.
DEEP DIVE
BIG TECH
OpenAI Cuts Off Cursor's Model Access After SpaceX Deal
BIG TECH5% of Cursor traffic
OpenAI Cuts Off Cursor's Model Access After SpaceX Deal
OpenAI will stop supplying its models to Cursor on Nov. 12, saying it can't trust SpaceX -- Cursor's new owner after a $60 billion acquisition -- to honor its contract terms.
DEEP DIVE
BIG TECH
Stripe Walks Away From Its $53B PayPal Bid
BIG TECH
Stripe Walks Away From Its $53B PayPal Bid
The Stripe-Advent consortium has dropped its pursuit of PayPal after a 40% stock rally priced the group's $60.50-a-share, roughly $53 billion offer out of reach for what would have been one of the largest leveraged buyouts ever.
FOLLOW-UP
BIG TECH
Apple TV Jumps to $14.99, Fourth Hike in Four Years
BIG TECH$14.99/mo, up from $12.99
Apple TV Jumps to $14.99, Fourth Hike in Four Years
Apple raised Apple TV to $14.99 a month from $12.99 and lifted the Apple One Individual bundle to $21.95, effective immediately for new subscribers in the United States.
DEEP DIVE
BIG TECH
Chip Stocks Slide as Marvell Miss Spooks AI Trade
BIG TECHMarvell -16% premarket
Chip Stocks Slide as Marvell Miss Spooks AI Trade
Marvell's premarket slide after underwhelming guidance dragged Nvidia, Broadcom and the broader chip sector lower Friday, a day after Nvidia's own earnings beat had powered a $400 billion market-cap rally.
FOLLOW-UP
BIG TECH
OpenAI Starts Selling Ads Inside ChatGPT
BIG TECHRs 399 ($4)/mo Go tier
OpenAI Starts Selling Ads Inside ChatGPT
OpenAI has begun showing sponsored placements under ChatGPT answers for free and $4-a-month Go users in India, its second-largest market, opening an advertising business ahead of a planned listing.
DEEP DIVE
BIG TECH
AWS to Deploy 2 Million More Nvidia GPUs by 2028
BIG TECH$220B 2026 capex
AWS to Deploy 2 Million More Nvidia GPUs by 2028
Amazon Web Services and Nvidia are expanding their infrastructure partnership to add 2 million more GPUs by 2028, as Amazon raises its 2026 capital-expenditure forecast to roughly $220 billion.
DEEP DIVE
BIG TECH
Waymo Tells Tesla: Cameras Alone Can't Drive
BIG TECH
Waymo Tells Tesla: Cameras Alone Can't Drive
Waymo's co-CEO argued cameras alone hit a safety ceiling well short of full autonomy, an implicit rebuke of Tesla's camera-only approach as both companies race to scale robotaxis.
DEEP DIVE
BIG TECH
Nvidia Agrees to Buy Hugging Face for $12.9B
BIG TECH$12.9B acquisition
Nvidia Agrees to Buy Hugging Face for $12.9B
Nvidia has agreed to acquire Hugging Face, the default public repository for open-source AI models, in a deal reported at about $12.9 billion -- its largest outright acquisition.
DEEP DIVE
BIG TECH
Nvidia Posts $96.2B Quarter, Guides Even Higher
BIG TECH$96.2B revenue, +106% YoY
Nvidia Posts $96.2B Quarter, Guides Even Higher
Nvidia reported record fiscal second-quarter revenue of $96.2 billion, up 106% year over year, with Data Center revenue at $89 billion and third-quarter guidance of $108 billion, sending shares up 8.7%.
DEEP DIVE
BIG TECH
Salesforce Jumps 22.6% and Ships Claudeforce With Anthropic
BIG TECH$11.35B quarterly revenue
Salesforce Jumps 22.6% and Ships Claudeforce With Anthropic
Salesforce beat second-quarter estimates and raised full-year guidance, while unveiling Claudeforce, a joint product with Anthropic that layers Claude's reasoning onto Salesforce's data and workflows.
DEEP DIVE
BIG TECH
Salesforce Jumps 22% on Earnings, Anthropic Tie-Up
BIG TECH+22% stock
Salesforce Jumps 22% on Earnings, Anthropic Tie-Up
Salesforce shares had their second-best trading day ever after beating Q2 revenue and EPS estimates and unveiling a deeper Anthropic partnership that embeds Claude directly into its sales tools.
FOLLOW-UP
BIG TECH
Nvidia Posts $96B Quarter, Guides Even Higher
BIG TECH$96.2B quarterly revenue
Nvidia Posts $96B Quarter, Guides Even Higher
Nvidia reported $96.2 billion in fiscal second-quarter revenue, up 106% year over year, and guided to $108 billion for the current quarter with zero China compute assumed.
DEEP DIVE
BIG TECH
Amazon Is Shutting Down Mechanical Turk After 21 Years
BIG TECH
Amazon Is Shutting Down Mechanical Turk After 21 Years
Amazon will fully close Mechanical Turk, the crowdsourced task platform Jeff Bezos once called 'artificial artificial intelligence,' on September 30, 2026, after AI-labeling startups hollowed out its demand.
DEEP DIVE
BIG TECH
SpaceX Plans $100 Billion Louisiana Spaceport
BIG TECH$100B
SpaceX Plans $100 Billion Louisiana Spaceport
SpaceX unveiled a $100 billion, 125,000-acre Starship launch complex in Vermilion Parish, Louisiana -- its fourth and largest site -- targeting first liftoff as soon as 2029.
DEEP DIVE
BIG TECH
SpaceX, Nvidia to Launch AI Supercomputer Into Orbit
BIG TECH
SpaceX, Nvidia to Launch AI Supercomputer Into Orbit
SpaceX and Nvidia have built a space-optimized version of Nvidia's Vera Rubin NVL72 rack for SpaceX's Starmind AI1 satellite, targeting a first orbital launch in Q4 2027 as part of a broader push toward off-Earth AI compute.
DEEP DIVE
BIG TECH
Netflix Weighs Opening Its App to Rival Streamers
BIG TECH
Netflix Weighs Opening Its App to Rival Streamers
Netflix is reportedly considering letting other streaming services sell inside its app, a shift from walled garden toward distribution platform.
DEEP DIVE
BIG TECH
At Apple's CEO Farewell, an Unusually Personal Tim Cook
BIG TECH
At Apple's CEO Farewell, an Unusually Personal Tim Cook
Apple's farewell event for its departing CEO drew unusually personal tributes, marking a leadership transition that lands as the company races to catch up on AI and prepares a major new hardware launch.
DEEP DIVE
BIG TECH
Alibaba Shares Plunge 10% on $10.2B AI Share Sale
BIG TECH$10.2B
Alibaba Shares Plunge 10% on $10.2B AI Share Sale
Alibaba raised $10.2 billion in the largest-ever Hong Kong primary share placement to fund its AI buildout, and the stock dropped roughly 10% on the dilution, days after a 75% quarterly profit decline tied to AI spending.
DEEP DIVE
BIG TECH
Amazon Becomes a Vital Sales Outlet for Small Merchants
BIG TECH
Amazon Becomes a Vital Sales Outlet for Small Merchants
Independent merchants increasingly rely on Amazon as their primary sales channel, a dependency that has grown even as sellers complain about rising fees and shrinking margins.
DEEP DIVE
BIG TECH
Memory Prices Go Stratospheric, Chipmakers Cash In
BIG TECH
Memory Prices Go Stratospheric, Chipmakers Cash In
DRAM and high-bandwidth memory pricing has climbed to levels that are transforming memory makers' margins while raising the bill for everyone building AI systems.
BY THE NUMBERS
BIG TECH
Alibaba Seeks $10B Share Sale to Fund AI
BIG TECH$10B
Alibaba Seeks $10B Share Sale to Fund AI
Alibaba is seeking to raise about $10 billion through a share sale to fund AI infrastructure investment, adding equity issuance to the list of ways hyperscalers are financing compute.
DEEP DIVE
BIG TECH
Apple Cuts 200+ Jobs From Siri and Vision Pro Teams
BIG TECH
Apple Cuts 200+ Jobs From Siri and Vision Pro Teams
Apple cut more than 200 jobs across its old Siri assistant team and Vision Pro's gaming and immersive video groups, redirecting headcount toward new Siri AI and smart-glasses efforts.
DEEP DIVE
BIG TECH
Amazon Hikes Echo, Kindle, Eero Prices on Memory Costs
BIG TECH
Amazon Hikes Echo, Kindle, Eero Prices on Memory Costs
Amazon quietly raised prices on Echo, Fire TV, Kindle and eero devices overnight, citing a sharp rise in memory-chip costs that AI infrastructure demand has driven across the entire consumer electronics industry.
DEEP DIVE
BIG TECH
New York Overtakes Bay Area on Tech Talent
BIG TECH
New York Overtakes Bay Area on Tech Talent
New York's office market now hosts more tech jobs than the San Francisco Bay Area for the first time in 13 years of CBRE tracking, with AI-driven finance hiring offsetting a Bay Area contraction.
DEEP DIVE
BIG TECH
Stocks Slide on Bond Yields as Crypto Rallies on Clarity Act
BIG TECH
Stocks Slide on Bond Yields as Crypto Rallies on Clarity Act
The Dow fell 1.32% and the Nasdaq 1.0% on rising 30-year Treasury yields and a Walmart earnings miss, the same session Bitcoin jumped 11.5% past $71,000 on a White House push for crypto's Clarity Act.
DEEP DIVE
BIG TECH
Charter Closes $34.5B Cox Deal, Forms Cable Giant
BIG TECH$34.5B merger
Charter Closes $34.5B Cox Deal, Forms Cable Giant
Charter Communications closed its $34.5 billion acquisition of Cox, creating a 37-million-subscriber cable and broadband giant that will retire the Charter name in favor of Cox within a year.
DEEP DIVE
BIG TECH
What $67B in AI Buyouts Says About Where Value Is Moving
BIG TECH
What $67B in AI Buyouts Says About Where Value Is Moving
Stripe's $7.5B OpenRouter deal and SpaceX's $60B Anysphere buyout total $67.5B in AI M&A in six weeks, while Etched's $21B venture valuation shows the same distribution/infrastructure bet playing out in funding rounds too.
DEEP DIVE
BIG TECH
Nvidia Pays $6B to License Poolside's Coding AI
BIG TECH
Nvidia Pays $6B to License Poolside's Coding AI
Nvidia agreed to pay $6B to non-exclusively license Poolside's code-generation models and invest $1B at a $12B valuation, while extending job offers to roughly 109 Poolside employees.
DEEP DIVE
BIG TECH
It's Greg Brockman's OpenAI Now, Ahead of an IPO
BIG TECH
It's Greg Brockman's OpenAI Now, Ahead of an IPO
OpenAI co-founder and president Greg Brockman has absorbed ChatGPT's product business, go-to-market, enterprise and compute teams into his own remit, consolidating operating control as the company prepares for a 2027 IPO.
DEEP DIVE
BIG TECH
Waymo Designs Its Own Robocar Chip to Outpace Tesla
BIG TECH
Waymo Designs Its Own Robocar Chip to Outpace Tesla
Waymo has built a custom ASIC on TSMC's 5nm process delivering over 1,000 TOPS, replacing the Intel FPGAs it used previously, as it races Tesla's years-long custom-silicon program for autonomous driving.
DEEP DIVE
BIG TECH
Stripe-OpenRouter Deal Confirmed at $7.5B, Final Terms Revealed
BIG TECH$7.5B acquisition
Stripe-OpenRouter Deal Confirmed at $7.5B, Final Terms Revealed
Stripe's acquisition of AI model gateway OpenRouter is now confirmed at roughly $7.5B, with $1.5B going to founders and $6B to investors -- a 5.4x markup over its three-month-old Series B valuation.
FOLLOW-UP
BIG TECH
SpaceX Tried to Buy AI Coding Startup Cognition
BIG TECH
SpaceX Tried to Buy AI Coding Startup Cognition
SpaceX approached AI coding startup Cognition about an acquisition just five days after closing its $60B purchase of Cursor, but Cognition's CEO says the company never engaged and is not for sale.
DEEP DIVE
BIG TECH
Waymo Opens Cheaper Next-Gen Robotaxi to All Riders in 3 Cities
BIG TECH
Waymo Opens Cheaper Next-Gen Robotaxi to All Riders in 3 Cities
Waymo's purpose-built Ojai minivan, developed with Geely's Zeekr and running Gemini as an in-car assistant, is now open to all riders in LA, Phoenix and San Francisco as the company chases lower per-vehicle costs.
DEEP DIVE
BIG TECH
Amazon Plots Sixfold Drone Expansion, Still Trails Rivals
BIG TECH
Amazon Plots Sixfold Drone Expansion, Still Trails Rivals
Amazon plans to expand Prime Air drone delivery to nearly 500 US cities by year-end, a sixfold jump from 11 metro areas, even as Wing, Walmart and Zipline each report far more cumulative deliveries.
DEEP DIVE
BIG TECH
Amazon's Prime Air Drone Delivery Expands to Nearly 500 Cities
BIG TECH
Amazon's Prime Air Drone Delivery Expands to Nearly 500 Cities
Amazon is expanding Prime Air drone delivery roughly 6x to nearly 500 US cities and towns by year-end, targeting 1 million deliveries in 2026 after over a decade of slower-than-planned rollout.
DEEP DIVE
BIG TECH
Einride to Add 500 Tesla Semis to Its Fleet
BIG TECH
Einride to Add 500 Tesla Semis to Its Fleet
Einride struck a deal to add 500 Tesla Semis to its electric trucking fleet over the next 24 months, making Tesla's long-delayed truck the backbone of a rival's fleet-as-a-service business rather than Tesla's own logistics arm.
DEEP DIVE
BIG TECH
Markets Slide as Oil, Bond Yields Jump on Iran Risk
BIG TECH
Markets Slide as Oil, Bond Yields Jump on Iran Risk
US stock futures fell Tuesday as bond yields and oil prices climbed to multi-year highs after President Trump declined to extend the expiring US-Iran ceasefire, a macro backdrop that sits underneath every tech valuation on this page.
BY THE NUMBERS
BIG TECH
Stripe Pays Over $7 Billion for AI Router OpenRouter
BIG TECH$7B+
Stripe Pays Over $7 Billion for AI Router OpenRouter
Stripe finalized a deal to acquire OpenRouter, the AI model routing startup, for more than $7 billion -- over 5x the $1.3 billion valuation OpenRouter carried three months ago after its Series B.
DEEP DIVE
BIG TECH
Stripe Acquires AI Gateway OpenRouter for $7B+
BIG TECH$7B+ acquisition
Stripe Acquires AI Gateway OpenRouter for $7B+
Stripe agreed to acquire AI model gateway OpenRouter for more than $7 billion, roughly five times the $1.3 billion valuation OpenRouter carried in May, turning a payments company into the metering and billing layer for AI token consumption.
DEEP DIVE
BIG TECH
Nvidia Backs $105B OpenAI Data Center in Ohio
BIG TECHUp to $105B
Nvidia Backs $105B OpenAI Data Center in Ohio
Nvidia will guarantee up to $105 billion in financing for the first phase of OpenAI's Ohio data center, a 4.25-gigawatt site built and operated by SoftBank's SB Energy under a 20-year lease.
DEEP DIVE
BIG TECH
The 'Jamie Premium' Nears $1 Trillion for JPMorgan
BIG TECH~$970B market cap
The 'Jamie Premium' Nears $1 Trillion for JPMorgan
JPMorgan's market cap was roughly $970 billion this week, closing in on becoming the first bank ever worth $1 trillion, up from $138 billion when Jamie Dimon took over in late 2005.
DEEP DIVE
BIG TECH
Alibaba's $1.5B Gaming Sale Bankrolls Its AI Pivot
BIG TECH$1.5B+
Alibaba's $1.5B Gaming Sale Bankrolls Its AI Pivot
Alibaba is selling its gaming studio Lingxi Games to private equity firm Trustar Capital for more than $1.5 billion, the clearest sign yet that CEO Eddie Wu is stripping the conglomerate down to AI and cloud.
DEEP DIVE
BIG TECH
Nvidia's Stock Comes Alive: Three Reasons Why
BIG TECH
Nvidia's Stock Comes Alive: Three Reasons Why
Nvidia shares have started rebounding after a sluggish stretch, with analysts pointing to hyperscaler capex increases, an upcoming earnings report and renewed AI infrastructure financing deals as the drivers.
TRACE'S TAKE
BIG TECH
Nvidia's $51 Billion Bet Shows AI's Money Never Leaves
BIG TECH
Nvidia's $51 Billion Bet Shows AI's Money Never Leaves
Nvidia's newly disclosed $21 billion SpaceX stake and $30 billion Intel position -- 80% of its entire public portfolio -- are the clearest evidence yet that AI-era capital keeps circulating through the same handful of companies rather than spreading out.
DEEP DIVE
BIG TECH
Zuckerberg's 6,500-Word AI Manifesto Isn't Landing
BIG TECH
Zuckerberg's 6,500-Word AI Manifesto Isn't Landing
Mark Zuckerberg's essay 'The Future is for Everyone' pitched Meta's Glimmer and Muse Spark models as universal personal AI, but critics questioned both the messenger and whether hardware requirements make the vision accessible at all.
DEEP DIVE
BIG TECH
Stripe Buys OpenRouter in $7B AI Gateway Deal
BIG TECH$7B+ acquisition
Stripe Buys OpenRouter in $7B AI Gateway Deal
Stripe has agreed to acquire OpenRouter, the routing layer that lets developers switch between AI models through one API, for more than $7 billion -- roughly five times the $1.3 billion valuation OpenRouter carried in May.
DEEP DIVE
BIG TECH
Tech Layoffs in 2026 Have Already Beaten All of 2025
BIG TECH
Tech Layoffs in 2026 Have Already Beaten All of 2025
Tech industry layoffs in 2026 have already surpassed the full-year 2025 total, with roughly 205,800 workers affected across 322 events even with more than four months left on the calendar.
BY THE NUMBERS
BIG TECH
Nobody Knows How Long a Software-Defined Car Lasts
BIG TECH
Nobody Knows How Long a Software-Defined Car Lasts
Rivian's software chief says the company plans roughly seven to ten years of functional feature updates, while Tesla's reversal on 2016-era full self-driving hardware shows how quickly a car's compute can be declared obsolete.
DEEP DIVE
BIG TECH
Tesla FSD vs Rivian Autonomy+: $99 Against $49.99
BIG TECH$99/mo vs $49.99/mo
Tesla FSD vs Rivian Autonomy+: $99 Against $49.99
A head-to-head drive of Tesla's Full Self-Driving and Rivian's Autonomy+ hands-free systems highlights a widening price gap, with Tesla at $99 a month and Rivian at $49.99 a month or $2,500 for the life of the vehicle.
DEEP DIVE
BIG TECH
PayPal-Stripe-Advent Buyout Talks Heat Up Again
BIG TECH$53B (prior bid)
PayPal-Stripe-Advent Buyout Talks Heat Up Again
Talks to sell PayPal to Stripe and private-equity firm Advent International have reignited, TechCrunch reports, weeks after PayPal's board left the door open to a higher offer than the $53 billion joint bid it rejected in July.
FOLLOW-UP
BIG TECH
SpaceX Closes $60B Cursor Deal, Largest Startup Exit Ever
BIG TECH$60B all-stock
SpaceX Closes $60B Cursor Deal, Largest Startup Exit Ever
SpaceX completed its $60 billion all-stock acquisition of AI coding startup Cursor, issuing about 391 million Class A shares in what is now the largest startup acquisition on record.
DEEP DIVE
BIG TECH
Uber and Pony.ai to Deploy 2,000+ Robotaxis in Europe
BIG TECH
Uber and Pony.ai to Deploy 2,000+ Robotaxis in Europe
Uber and China's Pony.ai are expanding their partnership to deploy more than 2,000 autonomous vehicles across Europe, building on an existing Zagreb service as the region's robotaxi market starts to consolidate around a handful of players.
DEEP DIVE
BIG TECH
Uber and Pony.ai Expand Robotaxi Deal to 2,000+ Cars in Europe
BIG TECH
Uber and Pony.ai Expand Robotaxi Deal to 2,000+ Cars in Europe
Uber and Chinese autonomous-driving company Pony.ai are expanding their partnership to deploy more than 2,000 robotaxis across additional European cities, moving beyond their initial Zagreb launch toward the Middle East.
DEEP DIVE
BIG TECH
Reddit Stock Jumps on S&P 500 Inclusion
BIG TECH
Reddit Stock Jumps on S&P 500 Inclusion
Reddit will join the S&P 500 on August 18, replacing AvalonBay Communities, sending shares up more than 10% and making it only the second pureplay social media company in the index after Meta.
DEEP DIVE
BIG TECH
Workday Surges 25% on Report of Silver Lake Buyout Talks
BIG TECH
Workday Surges 25% on Report of Silver Lake Buyout Talks
Workday shares had their best day in a decade after Reuters reported private equity firm Silver Lake is in talks to acquire the enterprise software maker, a deal that would be one of the largest software buyouts in years.
DEEP DIVE
BIG TECH
SanDisk Surges 17% on Investor Day Growth Plan
BIG TECH
SanDisk Surges 17% on Investor Day Growth Plan
SanDisk shares jumped nearly 17% after an investor day growth strategy presentation, extending a memory-chip rally that has the stock up more than 450% year-to-date as AI-driven demand tightens supply.
DEEP DIVE
BIG TECH
SK Hynix Bets $720B on the World's Largest Memory Buildout
BIG TECH$720B buildout
SK Hynix Bets $720B on the World's Largest Memory Buildout
SK Hynix is spending roughly $720 billion to triple its memory-chip capacity by 2034 via a new Yongin Cluster campus, betting the current AI memory shortage outlasts the industry's boom-and-bust cycle.
DEEP DIVE
BIG TECH
Lenovo Posts Record Quarter as AI Revenue Jumps 60%
BIG TECH$26.9B revenue, +43% YoY
Lenovo Posts Record Quarter as AI Revenue Jumps 60%
Lenovo posted an all-time quarterly revenue high of $26.9 billion with AI-related sales up 60% year-on-year, sending its Hong Kong-listed shares to a record and reigniting the read-through trade for Nvidia demand.
DEEP DIVE
BIG TECH
Kospi Roars Back Into Bull Market on Chip Rebound
BIG TECHKospi +20%+ from July low
Kospi Roars Back Into Bull Market on Chip Rebound
South Korea's Kospi index climbed more than 20% from its July low to re-enter bull-market territory, driven by Samsung and SK Hynix shares recovering sharply after the same two chipmakers had driven 71% of the index's July losses.
FOLLOW-UP
BIG TECH
Tencent Says It Could Profit Instantly by Renting Its AI Chips
BIG TECH~$53B quarterly AI capex
Tencent Says It Could Profit Instantly by Renting Its AI Chips
On the same earnings call where Tencent reported an 11% revenue beat, president Martin Lau said Tencent could earn a 'decent return in an immediate timeframe' by renting its $53 billion AI hardware spend instead.
FOLLOW-UP
BIG TECH
Cisco Stock Falls Despite Record Earnings on AI Order Surge
BIG TECH-4.66% despite record Q4
Cisco Stock Falls Despite Record Earnings on AI Order Surge
Cisco reported record fourth-quarter revenue of $17.25 billion and $4 billion in AI orders from hyperscalers, but shares fell nearly 5% after hours as hardware-heavy orders dragged margin guidance down.
DEEP DIVE
BIG TECH
Google Launches Pixel 11 Lineup With 2nm Chip, Higher Prices
BIG TECH
Google Launches Pixel 11 Lineup With 2nm Chip, Higher Prices
Google unveiled the Pixel 11 lineup at a New York event Wednesday, headlined by a 2-nanometer Tensor G6 chip and deeper Gemini integration, with every model priced $100 higher than last year's generation.
DEEP DIVE
BIG TECH
Goldman Sachs Buys Into Bitcoin Income ETFs for $2.25B
BIG TECHUp to $2.25B
Goldman Sachs Buys Into Bitcoin Income ETFs for $2.25B
Goldman Sachs is paying up to $2.25 billion for NEOS Investments, handing it a ready-made $1.1 billion bitcoin covered-call ETF and vaulting it past BlackRock in the race for bitcoin-income products.
DEEP DIVE
BIG TECH
CoreWeave, Nebius Stocks Rally Hard on Blowout AI Demand
BIG TECHCRWV +19%, NBIS +34%
CoreWeave, Nebius Stocks Rally Hard on Blowout AI Demand
CoreWeave shares rose 19% and Nebius jumped 34% after both neocloud companies reported results showing surging AI compute demand, with CoreWeave's backlog reaching $104 billion and Nebius's run rate up 598%.
FOLLOW-UP
BIG TECH
Norway's Wealth Fund Reveals $1.2B SpaceX Stake After Record Profit
BIG TECH$1.2B SpaceX stake
Norway's Wealth Fund Reveals $1.2B SpaceX Stake After Record Profit
Norway's $2.3 trillion sovereign wealth fund posted a record $184.3 billion first-half profit and disclosed for the first time a $1.2 billion stake in SpaceX, on top of its existing Tesla stake.
DEEP DIVE
BIG TECH
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
BIG TECH204.78B yuan revenue
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
Tencent posted 204.78 billion yuan in Q2 revenue, up 11% and ahead of estimates on gaming and AI-driven advertising growth, even as profit missed forecasts and the stock stayed down 26% YTD.
DEEP DIVE
BIG TECH
Manus Goes Independent Again as China Unwinds Meta Deal
BIG TECH
Manus Goes Independent Again as China Unwinds Meta Deal
Manus resumed independent operations after Chinese regulators forced Meta to fully unwind its $2 billion acquisition of the AI agent startup, an unprecedented case of Beijing clawing back a completed foreign takeover months after it closed.
DEEP DIVE
BIG TECH
OpenAI's Latest Exec Exit Is Worth Watching, Not Panicking Over
BIG TECH
OpenAI's Latest Exec Exit Is Worth Watching, Not Panicking Over
Brad Lightcap, OpenAI's longtime chief operating officer, is leaving after eight years to 'start something new,' the latest in a string of 2026 senior departures as the company weighs a potential IPO.
TRACE'S TAKE
BIG TECH
Uber Sells Its Entire Stake in Serve Robotics
BIG TECHFull stake exit
Uber Sells Its Entire Stake in Serve Robotics
Uber sold its entire stake in delivery-robot company Serve Robotics in the second quarter, a surprise to Serve, capping a partnership dating to Serve's 2020 spinout from Postmates.
DEEP DIVE
BIG TECH
Nvidia's $500B AI Financing Bet Runs Into a China Problem
BIG TECH
Nvidia's $500B AI Financing Bet Runs Into a China Problem
Jensen Huang defended Nvidia's plan to help assemble $500 billion in financing for AI data centers after bond investors flagged that cheaper Chinese chips flooding the market could depreciate the GPUs backing that debt faster than expected.
DEEP DIVE
BIG TECH
Intel Prices Upsized $20B Stock Sale to Fund AI Foundry Bet
BIG TECH$20B stock offering
Intel Prices Upsized $20B Stock Sale to Fund AI Foundry Bet
Intel priced an upsized $20 billion common stock offering at $95 a share to fund AI-driven chip manufacturing expansion, one of the largest equity raises by a legacy US tech company in years.
DEEP DIVE
BIG TECH
Teledyne to Acquire Varex Imaging for $1.1B
BIG TECH~$1.1B
Teledyne to Acquire Varex Imaging for $1.1B
Teledyne Technologies agreed to acquire Varex Imaging for roughly $1.1 billion, adding the company's X-ray tubes and digital detectors to Teledyne's medical and industrial imaging portfolio.
DEEP DIVE
BIG TECH
Bowman Consulting Goes Private in $1B Bernhard Buyout
BIG TECH~$1.0B
Bowman Consulting Goes Private in $1B Bernhard Buyout
Bowman Consulting Group agreed to be acquired by infrastructure-focused private equity firm Bernhard Capital Partners for $43.00 a share in cash, an all-cash deal valuing the engineering services firm at roughly $1 billion.
DEEP DIVE
BIG TECH
Archer Buys Boeing's Wisk, SkyGrid and Insitu Units
BIG TECH
Archer Buys Boeing's Wisk, SkyGrid and Insitu Units
Archer Aviation is acquiring Boeing's Wisk Aero, SkyGrid and Insitu units in an all-stock deal that gives Boeing roughly a 16.5% stake in Archer and sent Archer shares up nearly 19%.
DEEP DIVE
BIG TECH
Intel Raises $15B in First Stock Sale Since 1971
BIG TECH
Intel Raises $15B in First Stock Sale Since 1971
Intel priced a $15 billion common stock offering on August 10, its first public share sale since the company's 1971 IPO, to fund AI, foundry and advanced-packaging expansion.
DEEP DIVE
BIG TECH
Canva Slashes Revenue Growth Forecast as AI Costs Bite
BIG TECH
Canva Slashes Revenue Growth Forecast as AI Costs Bite
Canva cut its 2026 revenue growth forecast from 30% to 20%, citing unsustainably high costs of serving AI features built on frontier models -- a warning shot for every SaaS company that rushed AI to market without solving unit economics.
DEEP DIVE
BIG TECH
Zoox Starts Charging for Robotaxi Rides Today
BIG TECH
Zoox Starts Charging for Robotaxi Rides Today
Zoox began charging for robotaxi rides in Las Vegas on August 10 under the first NHTSA exemption ever granted for a steering-wheel-free vehicle, and named Miami and Austin as its next early-rider cities.
DEEP DIVE
BIG TECH
Ford's $28,350 Fathom Bets Big on Affordable EVs
BIG TECH$28,350 starting
Ford's $28,350 Fathom Bets Big on Affordable EVs
Ford unveiled the Fathom, a midsize electric pickup starting at $28,350, its first vehicle built on a new low-cost 'Universal EV Platform,' with deliveries beginning in 2027.
BRIEF
BIG TECH
South Korea Launches $3.52B Fund for Chip Supply Chain
BIG TECH$3.52B fund
South Korea Launches $3.52B Fund for Chip Supply Chain
South Korea launched a $3.52 billion semiconductor fund targeting chip materials, equipment and fabless firms, the anchor piece of a push expected to draw over $576 billion in Samsung- and SK Hynix-led private investment.
DEEP DIVE
BIG TECH
IonQ Completes Its Acquisition of SkyWater Technology
BIG TECH$1.8B deal
IonQ Completes Its Acquisition of SkyWater Technology
IonQ closed its $1.8 billion acquisition of chip foundry SkyWater Technology, calling itself the only vertically integrated, full-stack quantum computing platform company as a result.
BRIEF
BIG TECH
Nvidia and SK Hynix Expand Their $500B AI Memory Bet
BIG TECH
Nvidia and SK Hynix Expand Their $500B AI Memory Bet
Nvidia and SK Group expanded a partnership both companies describe as worth more than $500 billion across AI factories and next-generation memory, centered on a long-term deal to co-develop HBM.
BRIEF
BIG TECH
Lantheus Agrees to Up-to-$8B Curium Takeover
BIG TECHUp to $8.0B
Lantheus Agrees to Up-to-$8B Curium Takeover
Lantheus Holdings agreed to be acquired by Curium for $102.50 a share in cash plus contingent value rights worth up to $12.00 more, a deal that could total $8.0 billion.
BRIEF
BIG TECH
Alphabet and Microsoft Just Raised the Capex Bar Again
BIG TECH
Alphabet and Microsoft Just Raised the Capex Bar Again
Alphabet raised its 2026 capex guidance to $195-205B and Microsoft signaled FY27 spending will grow again, the clearest sign yet that AI infrastructure spending isn't decelerating despite investor unease over payback timelines.
BY THE NUMBERS
BIG TECH
SpaceX's $60B Cursor Deal Enters Its Final Stretch
BIG TECH
SpaceX's $60B Cursor Deal Enters Its Final Stretch
SpaceX's all-stock acquisition of AI coding startup Cursor remains on track to close this quarter, positioning the rocket-and-satellite company as an unlikely new owner of one of the fastest-growing developer tools in AI.
BRIEF
BIG TECH
AI's Biggest Bets This Week Were All About Factories
BIG TECH
AI's Biggest Bets This Week Were All About Factories
Terafab's $16.8B chip fab, AMD's purchase of silicon startup Taalas, and Hadrian's $1.37B raise all point the same direction: AI capital moving from model weights into the physical plants that build chips and hardware.
DEEP DIVE
BIG TECH
Twilio Stock Soars 17% on Guidance Raise
BIG TECH+16.7% stock move
Twilio Stock Soars 17% on Guidance Raise
Twilio shares jumped as much as 16.7% after beating Q2 estimates and raising full-year revenue growth guidance from 14-15% to 18-18.5%, extending software's earnings-season divergence.
BRIEF
BIG TECH
Tesla and SpaceX Commit $16.8B to Texas Chip Fab
BIG TECH$16.8B first phase
Tesla and SpaceX Commit $16.8B to Texas Chip Fab
Tesla and SpaceX will spend $16.8 billion on a first-phase chip plant in Grimes County, Texas, built to supply Optimus robots, robotaxis and orbital data centers rather than the Nvidia GPUs SpaceX still buys for AI training.
BRIEF
BIG TECH
OpenAI Moves to Dismiss Apple's Trade-Secrets Suit
BIG TECH
OpenAI Moves to Dismiss Apple's Trade-Secrets Suit
OpenAI asked a federal judge to dismiss Apple's trade-secrets lawsuit, arguing Apple's own iCloud policy created the access gap at issue, with an October 1 injunction hearing still ahead.
FOLLOW-UP
BIG TECH
AMD Buys AI Chip Startup Taalas to Challenge Nvidia
BIG TECH
AMD Buys AI Chip Startup Taalas to Challenge Nvidia
AMD is acquiring Taalas, a startup that hardwires AI model weights directly into silicon, betting that model-specific inference chips can chip away at Nvidia's lead once a handful of foundation models dominate deployed volume.
BRIEF
BIG TECH
Google's $15B India Data Center Faces Legal Fight
BIG TECH$15B data center
Google's $15B India Data Center Faces Legal Fight
Activists and a state high court are challenging Google's $15 billion Andhra Pradesh data center project over water use and its proximity to a wildlife sanctuary, with a hearing set for August 24.
BRIEF
BIG TECH
SoftBank Borrows $10B Against Its OpenAI Bet
BIG TECH
SoftBank Borrows $10B Against Its OpenAI Bet
SoftBank secured a $10 billion margin loan against its OpenAI shares the same quarter an $8.2 billion Intel stake gain carried its earnings beat, while OpenAI itself contributed no investment gain at all.
DEEP DIVE
BIG TECH
SpaceX Faces Test as 911M Shares Unlock
BIG TECHup to $116B unlocked
SpaceX Faces Test as 911M Shares Unlock
SpaceX's first major post-IPO lockup expiration freed 911.5M shares worth as much as $116B for sale on August 6, more than doubling the public float as the stock trades near $108, down from a post-IPO high above $225.
BRIEF
BIG TECH
Tesla, SpaceX to Build $16.8B Chip Factory
BIG TECH$16.8B initial
Tesla, SpaceX to Build $16.8B Chip Factory
Tesla and SpaceX will jointly build Terafab, a $16.8B initial-phase chip factory in Grimes County, Texas, to make chips for Optimus, Cybercabs and space-based data centers, with total spending potentially reaching $119B.
BRIEF
BIG TECH
Google's AI Shake-Up Raises Pichai Succession Questions
BIG TECH
Google's AI Shake-Up Raises Pichai Succession Questions
Google moved Demis Hassabis from DeepMind CEO to chair and chief scientist while Jeff Dean departed, a reshuffle analysts read as an early signal in the succession conversation around CEO Sundar Pichai.
BRIEF
BIG TECH
Dow Hits a Record as AI Capex Jitters Hit Nasdaq
BIG TECH
Dow Hits a Record as AI Capex Jitters Hit Nasdaq
The Dow closed at a record for a fifth straight session while the Nasdaq fell on AI-capex jitters, and Palantir's still-standing 29% earnings pop shows investors separating AI infrastructure spending from AI software margins.
BIG TECH
Foxconn Posts Record Sales on AI Server Demand
BIG TECH~$27.9B July revenue
Foxconn Posts Record Sales on AI Server Demand
Hon Hai, Apple and Nvidia's biggest contract manufacturer, posted record July revenue of roughly $27.9 billion, up 54% year over year, as AI server and cloud-networking demand offset a soft consumer-electronics season.
BRIEF
BIG TECH
CXMT Chips Reach HP, Asus and Acer Laptops
BIG TECH
CXMT Chips Reach HP, Asus and Acer Laptops
HP, Asus and Acer confirmed limited use of Chinese CXMT memory chips in non-US laptops as AI data centers consume an estimated 70% of global memory chip production this year.
BRIEF
BIG TECH
Jeff Dean Exits Google, Hassabis Steps Down as CEO
BIG TECH
Jeff Dean Exits Google, Hassabis Steps Down as CEO
Chief scientist Jeff Dean and three senior AI researchers left Google to start an independent lab called Discovery Loop, while Demis Hassabis moved from DeepMind CEO to Alphabet chief scientist as Kavukcuoglu takes over daily operations.
BIG TECH
S&P 500, Nasdaq Hit Records as AI Trade Rebounds
BIG TECH
S&P 500, Nasdaq Hit Records as AI Trade Rebounds
The S&P 500 closed at a record 7,736.52 and the Dow topped 54,000 as strong earnings and easing oil prices fueled a broad AI-stock rally, even as AMD and SpaceX sold off on their own earnings.
BIG TECH
Jeff Dean Exits Google, Hassabis Steps Down at DeepMind
BIG TECH
Jeff Dean Exits Google, Hassabis Steps Down at DeepMind
Google's longtime chief scientist Jeff Dean is leaving to start his own company after 27 years, while Demis Hassabis steps down as DeepMind's CEO to become Alphabet's chief scientist as Koray Kavukcuoglu takes over daily operations.
BIG TECH
Apple's Private Relay Is Leaking Real IP Addresses
BIG TECH
Apple's Private Relay Is Leaking Real IP Addresses
Researchers Tommy Mysk and Talal Haj Bakry published three WebKit flaws that let websites see an iCloud+ subscriber's real IP address even with Private Relay switched on, and say they skipped disclosing to Apple first.
BIG TECH
Saudi PIF, Kushner's Affinity Close $55B EA Buyout
BIG TECH$55B buyout
Saudi PIF, Kushner's Affinity Close $55B EA Buyout
A consortium led by Saudi Arabia's PIF, Silver Lake and Jared Kushner's Affinity Partners completed a $55B take-private of Electronic Arts, financed by a $20B JPMorgan loan -- the largest leveraged buyout on record.
BIG TECH
AMD Sinks as Musk Commits SpaceX Exclusively to Nvidia
BIG TECH
AMD Sinks as Musk Commits SpaceX Exclusively to Nvidia
AMD shares fell as much as 9% after Elon Musk said SpaceX will build exclusively on Nvidia's Vera Rubin architecture going forward, even as AMD beat Q2 estimates and CEO Lisa Su guided to 80% second-half server revenue growth.
BIG TECH
Reddit Is Testing an LLM to Replace AutoMod
BIG TECH
Reddit Is Testing an LLM to Replace AutoMod
Reddit is expanding tests of Rules Hub, an LLM-based enforcement system that reads the intent of a subreddit rule instead of matching keywords, and says it eventually wants it to take over AutoMod's enforcement job.
BIG TECH
Zoox Starts Charging for Robotaxi Rides in Las Vegas
BIG TECH
Zoox Starts Charging for Robotaxi Rides in Las Vegas
Amazon-owned Zoox will begin charging fares for its steering-wheel-free robotaxis in Las Vegas on August 10, its first commercial market after NHTSA cleared it to operate up to 2,500 driverless vehicles without human controls.
BIG TECH
AMD Sinks Despite Record Earnings, Data Center Doubles
BIG TECH$11.5B Q2 revenue
AMD Sinks Despite Record Earnings, Data Center Doubles
AMD posted record $11.5B quarterly revenue and 107% data center growth, yet shares fell nearly 9% after hours as investors questioned the pace and durability of the AI buildout funding it.
BIG TECH
Saudi-Led Group Closes $55B EA Buyout With Kushner
BIG TECH$55B buyout
Saudi-Led Group Closes $55B EA Buyout With Kushner
Saudi Arabia's Public Investment Fund, Silver Lake and Jared Kushner's Affinity Partners completed the largest leveraged buyout on record, taking Electronic Arts private at $210 a share with $20B borrowed from JPMorgan.
BIG TECH
Google Assistant Is Disappearing From Phones Next Month
BIG TECH
Google Assistant Is Disappearing From Phones Next Month
Google is shutting down the classic Google Assistant on phones and tablets next month, completing its transition to Gemini as the default AI assistant across Android.
BIG TECH
SpaceX Beats, Musk Vows Moon Robots and $1T Sales
BIG TECH$7.8B Q2 revenue
SpaceX Beats, Musk Vows Moon Robots and $1T Sales
SpaceX's debut public earnings report beat estimates with revenue nearly doubling to $7.8B, but a promise of moon-based robots and a pulled-forward $1 trillion revenue target didn't stop shares from sliding on the size of its AI capex.
BIG TECH
SpaceX's First Public Earnings Spook Wall Street
BIG TECH$7.8B Q2 revenue
SpaceX's First Public Earnings Spook Wall Street
SpaceX posted 92% revenue growth to $7.8B in its first quarterly report since June's IPO, but shares reversed to a loss after hours once investors saw quarterly capex nearly double to $18.4B.
BIG TECH
AMD Data Center Revenue Doubles, Stock Still Falls
BIG TECH$6.7B data center rev.
AMD Data Center Revenue Doubles, Stock Still Falls
AMD's data center revenue rose 107% to $6.7B and beat the Street, but shares fell more than 8% after-hours on concerns about what sustaining that growth will cost.
BIG TECH
OpenAI Fires Back at Apple's Trade Secret Suit
BIG TECH
OpenAI Fires Back at Apple's Trade Secret Suit
OpenAI published internal chats and emails calling Apple's trade-secret lawsuit over its hardware plans careless, aggressive and oddly personal, escalating a fight that began when Apple sued in July.
BIG TECH
OpenAI Publishes Emails to Rebut Apple's Trade Secret Suit
BIG TECH
OpenAI Publishes Emails to Rebut Apple's Trade Secret Suit
OpenAI answered Apple's July trade secrets lawsuit with a public post calling it careless, aggressive and oddly personal, publishing messages it says show Apple staff asking a departed employee to help locate files.
BIG TECH
SpaceX Now Makes More Money as an AI Company
BIG TECH
SpaceX Now Makes More Money as an AI Company
SpaceX's Q2 revenue nearly doubled year-over-year, with compute deals for Anthropic and Google now contributing enough that its AI-infrastructure business is rivaling its core launch and Starlink revenue.
BIG TECH
Bending Spoons Buys Airtable for $1.28B
BIG TECH$1.285B
Bending Spoons Buys Airtable for $1.28B
Bending Spoons, fresh off its own July IPO, agreed to acquire Airtable for $1.285B -- a steep discount to Airtable's 2021 peak valuation of over $11B but a premium to recent secondary pricing near $4B.
BIG TECH
Amazon Joins the $3 Trillion Club on AI Cloud Demand
BIG TECH$3T market cap
Amazon Joins the $3 Trillion Club on AI Cloud Demand
Amazon crossed a $3 trillion market cap after AWS grew 37% to $42.2B on AI-driven cloud demand, joining Apple, Microsoft, Alphabet and Nvidia in a club it took just over two years to reach from $2 trillion.
BIG TECH
Palantir Revenue Nearly Doubles, Erases Short Bets
BIG TECH$1.94B Q2 revenue
Palantir Revenue Nearly Doubles, Erases Short Bets
Palantir's Q2 revenue rose 93% to $1.94B and full-year guidance climbed to at least $8.15B, sending shares up 29% in a single session and wiping out roughly $3B in short-sellers' gains.
BIG TECH
The AI Trade Is Splitting Into Two Economies
BIG TECH
The AI Trade Is Splitting Into Two Economies
Amazon just crossed $3 trillion and Palantir posted its best quarter ever on real enterprise deployment, while SpaceX's stock and AI pricing power keep getting cheaper -- the money is bifurcating into what's shipped and what's still promised.
BIG TECH
Palantir Posts Blowout Quarter, Revenue Up 93%
BIG TECH$1.94B Q2 revenue
Palantir Posts Blowout Quarter, Revenue Up 93%
Palantir's Q2 revenue jumped 93% to $1.94B, with U.S. commercial revenue up 149%, and the company raised full-year guidance well above what Wall Street expected.
BIG TECH
Palantir's Commercial Business Just Tripled Its Bet
BIG TECH$1.94B Q2 revenue
Palantir's Commercial Business Just Tripled Its Bet
Palantir posted 93% revenue growth and raised its full-year commercial guidance after U.S. commercial revenue surged 149% -- the clearest evidence yet that enterprise AI deployment, not just government contracts, can carry a real growth story.
BIG TECH
Microsoft's Capex Guidance Is a Nvidia Demand Signal
BIG TECH
Microsoft's Capex Guidance Is a Nvidia Demand Signal
Microsoft CFO Amy Hood says fiscal 2027 capex will grow year-over-year on 'demand signals across our portfolio,' and Nvidia stock rose 3% on the read-through even before its own August 26 earnings.
BIG TECH
Amazon Joins the $3 Trillion Club
BIG TECH$3.06T market cap
Amazon Joins the $3 Trillion Club
Amazon became only the fifth company ever to cross a $3 trillion market cap, driven by an AWS beat that showed cloud growth accelerating rather than plateauing -- a direct rebuttal to the summer's AI-capex skepticism.
BIG TECH
Apple Finally Fixed Siri. It Feels Anticlimactic.
BIG TECH
Apple Finally Fixed Siri. It Feels Anticlimactic.
Apple's long-promised, genuinely capable Siri AI has arrived in the iOS 27 beta, but reviewers say it lands at a moment when being a competent AI assistant no longer feels like news.
BIG TECH
An Apple iCloud Policy Quietly Fueled the OpenAI Leak Suit
BIG TECH
An Apple iCloud Policy Quietly Fueled the OpenAI Leak Suit
An Apple iCloud policy reportedly made it easier for departing employees to retain company data, now central to leak allegations underpinning a lawsuit tied to OpenAI.
BIG TECH
Big Tech's AI Capex Verdict: Discipline Beats Scale
BIG TECH
Big Tech's AI Capex Verdict: Discipline Beats Scale
This week's earnings split investors sharply on AI capex: Microsoft's spending got rewarded, Meta's crushed free cash flow and its stock -- the market has stopped treating all AI infrastructure spending as equally good news.
BIG TECH
Uber Is Quietly Building an Autonomous Vehicle Empire
BIG TECH
Uber Is Quietly Building an Autonomous Vehicle Empire
Uber has stitched together partnerships with more than a dozen self-driving companies -- including Waymo and Wayve -- betting it can win the robotaxi era as an aggregator rather than a manufacturer.
BIG TECH
SpaceX Won't Remove All of xAI's Turbines Until 2027
BIG TECH
SpaceX Won't Remove All of xAI's Turbines Until 2027
SpaceX confirmed it will keep running dozens of unpermitted gas turbines powering xAI's Memphis data centers for another year, even as it builds a permanent 1.2-gigawatt gas plant to replace them.
BIG TECH
Meta Tops $60B in Quarterly Revenue, Lifts AI Capex to $145B
BIG TECH$60.8B Q2 revenue
Meta Tops $60B in Quarterly Revenue, Lifts AI Capex to $145B
Meta reported second-quarter revenue of $60.8 billion, up 28% year-over-year, and raised the top end of its 2026 AI infrastructure spending range to $145 billion as advertising and large-language-model investment both accelerated.
BIG TECH
Amazon Surges, Apple Falls as Investors Pick AI Winners
BIG TECHAMZN +12-14%, AAPL -8-9%
Amazon Surges, Apple Falls as Investors Pick AI Winners
Amazon jumped after AWS posted its fastest cloud growth in 18 quarters while Apple fell on soft guidance and supply constraints, in Tim Cook's final earnings call before handing the CEO role to John Ternus.
BIG TECH
Amazon Completes Additional $35B Investment in OpenAI
BIG TECH$35B completed
Amazon Completes Additional $35B Investment in OpenAI
Amazon has funded the remaining $35 billion of its $50 billion OpenAI commitment, a tranche that was contingent on OpenAI hitting an IPO or AGI-linked milestone, deepening Amazon's stake in the AI leader it also competes with through AWS.
BIG TECH
IonQ Completes $1.8B Acquisition of SkyWater Technology
BIG TECH$1.8B acquisition
IonQ Completes $1.8B Acquisition of SkyWater Technology
IonQ closed its $1.8 billion cash-and-stock purchase of SkyWater Technology on Friday, creating what it calls the only vertically integrated, full-stack quantum computing company with its own domestic chip foundry.
BIG TECH
Aschenbrenner's $45B AI Hedge Fund Forced Into Fire Sale
BIG TECH$45B to ~$10B
Aschenbrenner's $45B AI Hedge Fund Forced Into Fire Sale
Leopold Aschenbrenner's hedge fund was forced to unwind nearly all its public stock positions after leveraged AI-infrastructure bets moved sharply against it, shrinking from roughly $45 billion to about $10 billion in weeks.
BIG TECH
Kospi Jumps a Record 18% as Samsung, SK Hynix Soar
BIG TECH+17.9%, record
Kospi Jumps a Record 18% as Samsung, SK Hynix Soar
South Korea's benchmark index posted its largest single-day gain on record after Samsung Electronics and SK Hynix surged on renewed confidence in AI-chip demand, following Microsoft's blowout cloud earnings.
BIG TECH
Amazon Tops $200B Revenue as AWS Growth Hits 18-Quarter High
BIG TECH$200.6B rev, AWS +37%
Amazon Tops $200B Revenue as AWS Growth Hits 18-Quarter High
Amazon's Q2 revenue topped $200 billion for the first time, with AWS growing 37% -- its fastest pace in 18 quarters -- as the company raised its 2026 capex outlook to $220 billion.
BIG TECH
Microsoft Posts Largest Single-Day Market-Value Gain Ever
BIG TECH+15.5%, +$450B
Microsoft Posts Largest Single-Day Market-Value Gain Ever
Microsoft shares surged more than 15% Thursday, adding roughly $450 billion in market value in a single session -- the largest one-day market-cap gain in stock market history -- after Azure crossed $100 billion in annual revenue and accelerated to 43% growth.
BIG TECH
Microsoft Adds Record $450B in a Single Trading Day
BIG TECH+$450B market cap
Microsoft Adds Record $450B in a Single Trading Day
Microsoft shares jumped 16% and added roughly $450 billion in market value on Thursday, the largest single-day gain for any company in market history, after fourth-quarter earnings showed Azure growing 43% year-over-year.
BIG TECH
Apple Beats Estimates for a 13th Straight Quarter
BIG TECH$109.4B rev, EPS $2.02
Apple Beats Estimates for a 13th Straight Quarter
Apple beat Wall Street's revenue and profit estimates for a 13th consecutive quarter, posting $109.4 billion in Q3 revenue and EPS of $2.02, up 29% year-over-year, on strong iPhone sales.
BIG TECH
Coinbase Revenue Falls 19% in Q2, Renews Circle Deal
BIG TECH$1.2B, -19% YoY
Coinbase Revenue Falls 19% in Q2, Renews Circle Deal
Coinbase reported second-quarter revenue fell 19% to $1.2 billion, its third consecutive quarterly decline, even as the exchange renewed its lucrative USDC revenue-sharing agreement with Circle on existing terms.
BIG TECH
SpaceX Wins $1.6B Space Force Launch Contract
BIG TECH$1.6B contract
SpaceX Wins $1.6B Space Force Launch Contract
The Space Force awarded SpaceX $1.6 billion across two task orders to launch 18 Falcon 9 missions carrying missile-tracking satellites, on a two-month acquisition timeline the Pentagon called unprecedented.
BIG TECH
Nscale Buys Anyscale for $1.65B to Own More of AI Stack
BIG TECH$1.65B acquisition
Nscale Buys Anyscale for $1.65B to Own More of AI Stack
AI cloud platform Nscale agreed to acquire Anyscale, the commercial steward of the open-source Ray framework, for roughly $1.65 billion, combining Nscale's power and data-center assets with Anyscale's workload orchestration software.
BIG TECH
Meta's Record Losing Streak Deepens, Zuckerberg Down $15B
BIG TECH-9.64% AH, $223B wiped
Meta's Record Losing Streak Deepens, Zuckerberg Down $15B
Meta shares extended their longest losing streak on record into Thursday's premarket, tacking a further slide onto a nine-day, $223 billion rout that a mixed Q2 print and a 91% collapse in free cash flow failed to stop.
BIG TECH
Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia
BIG TECH
Chip Rout Goes Global as Kioxia, SoftBank Slide in Asia
A third day of chip-stock selling spread to Asia, with Kioxia down nearly 8%, SoftBank off more than 6%, and Tokyo Electron down almost 5% after SK Hynix missed second-quarter estimates, even as Samsung posted a record quarter the same morning.
BIG TECH
Meta Beats on Revenue, Misses on EPS as Capex Climbs
BIG TECH$60.8B Q2 revenue
Meta Beats on Revenue, Misses on EPS as Capex Climbs
Meta posted $60.8 billion in second-quarter revenue, up 28% and ahead of estimates, but adjusted EPS of $6.18 missed the $7.13 consensus as AI infrastructure costs compressed margins and full-year capex guidance ticked up to $130-145 billion.
BIG TECH
Microsoft's Azure Tops $100B as FY27 Capex Guide Jumps
BIG TECH$90.01B Q4 revenue
Microsoft's Azure Tops $100B as FY27 Capex Guide Jumps
Microsoft closed fiscal 2026 with Azure crossing $100 billion in annual revenue for the first time and beat on every headline number, but it's the FY2027 capex guide of $255-260 billion -- up from $190 billion this year -- that's the number Wall Street will be arguing about tomorrow.
BIG TECH
Divided Fed Holds Rates as Three Officials Dissent
BIG TECH
Divided Fed Holds Rates as Three Officials Dissent
The Federal Reserve held its benchmark rate at 3.5-3.75% in a 9-3 vote, the first policy-level dissent favoring a hike since 2016, as Chair Kevin Warsh called it the 'good family fight' he asked for.
BIG TECH
DoorDash Launches Its Own Drone Delivery Fleet
BIG TECHFAA Part 135
DoorDash Launches Its Own Drone Delivery Fleet
DoorDash launched DoorDash Air, its in-house drone delivery program, after securing FAA Part 135 certification to begin commercial operations targeting sub-25-minute deliveries within five miles.
BIG TECH
Chip Stocks Shed $1.5 Trillion in Two-Day Rout
BIG TECH-$1.5T sector value
Chip Stocks Shed $1.5 Trillion in Two-Day Rout
The semiconductor selloff deepened Wednesday as SK Hynix fell 14.7% and Samsung dropped 13.4%, extending a rout that has erased roughly $1.5 trillion in sector value since June 25 on fears that AI infrastructure spending is outrunning near-term demand.
BIG TECH
SK Hynix Earnings Miss Deepens $1 Trillion Chip Rout
BIG TECH
SK Hynix Earnings Miss Deepens $1 Trillion Chip Rout
SK Hynix posted a record quarterly profit that still fell short of Wall Street's AI-fueled expectations, sending its stock down nearly 10% and extending a chip-sector selloff that has now wiped out more than $1 trillion in market value.
BIG TECH
Microsoft, Meta Earnings Put Wall Street's AI Patience to the Test
BIG TECH
Microsoft, Meta Earnings Put Wall Street's AI Patience to the Test
Microsoft and Meta report Q2 results after the bell Wednesday, the first of the Magnificent Seven to face investors since Apple reclaimed the world's-most-valuable-company crown from Nvidia on the strength of capital discipline rather than AI spending.
BIG TECH
Cyera to Acquire Oasis Security for $1 Billion
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
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.
BIG TECH
Microsoft Commits $2.5B and 6,000 Staff to New AI Deployment Unit
BIG TECH$2.5B / 6,000 employees
Microsoft Commits $2.5B and 6,000 Staff to New AI Deployment Unit
Microsoft is investing $2.5 billion to launch Frontier Company, a 6,000-person unit that embeds engineers directly with enterprise customers to get AI deployments actually working, following similar moves from Amazon, OpenAI and Anthropic.
BIG TECH
Tesla Deliveries Jump 25% to a Record 480,126 Vehicles in Q2 2026
BIG TECH480,126 vehicles delivered
Tesla Deliveries Jump 25% to a Record 480,126 Vehicles in Q2 2026
Tesla delivered 480,126 vehicles in the second quarter of 2026, a company record and a 25% jump from a year earlier, beating even the most bullish Wall Street estimates of roughly 418,000-420,000 by more than 60,000 units, according to Ars Technica and.
BIG TECH
Anthropic in Early Talks With Samsung on Custom 2nm AI Chip
BIG TECHEarly-stage, no design contract yet
Anthropic in Early Talks With Samsung on Custom 2nm AI Chip
Anthropic is in preliminary discussions with Samsung to manufacture a custom AI accelerator on Samsung's 2nm process, joining a wave of frontier labs building their own silicon to cut Nvidia dependence.
BIG TECH
Amazon Now Has Enough Satellites in Orbit to Launch Its Starlink Competitor
BIG TECH~700 satellites by July
Amazon Now Has Enough Satellites in Orbit to Launch Its Starlink Competitor
Amazon's Project Leo satellite broadband service has crossed the deployment threshold needed for commercial launch, The Verge reported July 2, with roughly 700 production satellites expected in orbit by the end of July after CEO Andy Jassy confirmed a 'mid-2026' launch target. The FCC waived Amazon's original July 30 deadline to have half its 3,232-satellite constellation in orbit, but is penalizing spectrum priority on satellites launched after that date to keep pressure on the rollout.
BIG TECH
Sony to End Physical PlayStation Game Disc Production Starting 2028
BIG TECHDiscs end 2028
Sony to End Physical PlayStation Game Disc Production Starting 2028
Sony announced on July 1 that it will stop producing physical discs for new PlayStation games starting January 2028, citing that digital purchases already account for 85% of PlayStation game sales. The move doesn't affect games already released or shipping before 2028, but it marks the beginning of the end for physical media on the platform that helped define disc-based console gaming.
BIG TECH
Big Tech's 2026 AI Capex Will Hit $725B, up 77% Year-Over-Year
BIG TECH$725B combined
Big Tech's 2026 AI Capex Will Hit $725B, up 77% Year-Over-Year
Alphabet, Amazon, Meta and Microsoft collectively guided to roughly $725 billion in 2026 capital expenditure — up 77% from $410B last year — as the AI infrastructure buildout enters its third and most expensive year. Amazon leads at ~$200B, Microsoft ~$190B, Alphabet $175-185B and Meta $115-135B, according to freshly restated guidance from the four companies' most recent updates.
BIG TECH
Nvidia Challenger Etched Hits $5B Valuation on $1B in AI Chip Orders
BIG TECH$5B valuation
Nvidia Challenger Etched Hits $5B Valuation on $1B in AI Chip Orders
Etched, the Harvard-dropout-founded AI chip startup building the transformer-specific Sohu chip, disclosed on June 30 that it has booked more than $1 billion in customer contracts for its 'frontier inference clusters' and sits at a $5 billion valuation following a $500 million round in December. The company says an 8-chip Sohu server can outperform 160 Nvidia H100 GPUs on Llama 70B inference while using less power and space -- a direct challenge to Nvidia's inference dominance from a company that nearly ran out of cash three years ago.
BIG TECH
Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
BIG TECH$3.9B
Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
Qualcomm's roughly $3.9 billion acquisition of Modular -- the AI-software company founded by Swift and LLVM creator Chris Lattner -- has handed early backer GV a 27x return on its initial check, the firm's Dave Munichiello revealed this week. The deal is the clearest sign yet that the strategic battleground in AI is shifting from raw silicon to the software layer that makes chips usable, as Qualcomm bets it can challenge Nvidia's CUDA moat by owning the stack that runs models across CPUs, GPUs and AI accelerators.
BIG TECH
Waymo and Uber Quietly End Their Phoenix Robotaxi Partnership
BIG TECHPartnership ends
Waymo and Uber Quietly End Their Phoenix Robotaxi Partnership
Waymo robotaxis are no longer bookable on Uber's app in Phoenix, ending a nearly three-year partnership in the city where the deal began. Both companies framed it as a planned contract expiration -- Waymo has folded the vehicles back into its own Phoenix fleet, available through the Waymo app, while Uber is preparing to name a new autonomous-vehicle partner in the market. The split lands as the two firms prepare to compete head-to-head in London.
BIG TECH
Comcast to Split Into Two Public Companies, Spinning Off NBCUniversal and Sky
BIG TECHTwo-company split
Comcast to Split Into Two Public Companies, Spinning Off NBCUniversal and Sky
Comcast announced a tax-free spin-off that will separate NBCUniversal and Sky from its core broadband, wireless and technology business, creating two independent public companies. The move follows January 2026's carve-out of Versant -- the cable networks including CNBC and MS NOW -- and completes a dramatic dismantling of the empire Brian Roberts spent decades assembling. The split is expected to close in about a year.
BIG TECH
Rocket Lab to Buy Iridium for $8B, Forging a Fully Vertically Integrated Space Powerhouse
BIG TECH~$8.0B
Rocket Lab to Buy Iridium for $8B, Forging a Fully Vertically Integrated Space Powerhouse
Rocket Lab agreed to acquire satellite-communications operator Iridium Communications in a cash-and-stock deal valuing Iridium at roughly $8.0 billion, or $54 per share. The combination welds Rocket Lab's launch vehicles and satellite manufacturing to Iridium's global L-band constellation, spectrum and 500-plus partner ecosystem -- a bid to become the first company that designs, builds, launches and operates its own networks end to end. Iridium shares jumped about 20% and Rocket Lab rose roughly 9% on the news.
BIG TECH
South Korea's Chip Giants Pledge $550B-Plus to End 'RAMageddon'
BIG TECH$550B+
South Korea's Chip Giants Pledge $550B-Plus to End 'RAMageddon'
Samsung, SK Hynix and other South Korean firms committed well over $550 billion toward new memory fabs, HBM packaging and AI data centers to relieve the global memory shortage the industry has dubbed 'RAMageddon.' The plan includes roughly $518 billion for four new memory fabs in the country's southwest and $52 billion for an HBM packaging hub, a national-scale answer to AI's voracious appetite for DRAM.
BIG TECH
Apple's Vision Pro Chief Paul Meade Is Leaving for OpenAI's Hardware Team
BIG TECHSenior hardware exit
Apple's Vision Pro Chief Paul Meade Is Leaving for OpenAI's Hardware Team
Paul Meade, the Apple vice president who led Vision Pro development and the company's still-unreleased AI smart glasses, is reportedly leaving to join OpenAI's hardware division. The departure follows a reorganization under new Apple CEO John Ternus that left some hardware VPs feeling sidelined, and it hands OpenAI -- already building an AI device with former Apple design chief Jony Ive -- another senior Apple hardware leader.
BIG TECH
South Korea Plans to Train Its Entire Military as 'Drone Warriors'
BIG TECH60,000 drones by 2029
South Korea Plans to Train Its Entire Military as 'Drone Warriors'
South Korea's defense minister unveiled a plan to train the country's roughly 500,000-strong military to operate drones as routinely as personal firearms, calling unmanned systems a battlefield 'gamechanger.' The procurement ramp is steep: about 11,000 training drones by the end of 2026, scaling to 60,000 by 2029, plus more than 20,000 low-cost disposable combat drones by 2030 -- a national bet that the next war is fought with cheap, mass-produced robotics.
BIG TECH
FTC Clears Elon Musk to Acquire SpaceX-Alumni Startup Mesh
BIG TECHFTC clearance
FTC Clears Elon Musk to Acquire SpaceX-Alumni Startup Mesh
The Federal Trade Commission has cleared Elon Musk to acquire Mesh, a startup founded by SpaceX alumni, removing the regulatory hurdle for another addition to Musk's sprawling corporate empire. The green light comes as a newly public, cash-rich SpaceX deploys its stock on an acquisition spree, and as antitrust scrutiny of Musk-linked deals draws fresh attention.
BIG TECH
OpenAI, SpaceX and the Scramble to Build Custom AI Chips -- and Escape Nvidia
BIG TECHCustom silicon
OpenAI, SpaceX and the Scramble to Build Custom AI Chips -- and Escape Nvidia
From OpenAI to SpaceX, the most compute-hungry companies in tech are now designing their own silicon, intensifying pressure on Nvidia's dominance of AI hardware. OpenAI recently unveiled its first custom chip built with Broadcom, and the broader move toward in-house accelerators reflects a strategic push to cut costs, secure supply, and avoid paying Nvidia's margins on every training run and inference call.
BIG TECH
FTC Clears Musk to Acquire Mesh, the SpaceX-Alumni Optical-Interconnect Startup
BIG TECHMesh acquisition
FTC Clears Musk to Acquire Mesh, the SpaceX-Alumni Optical-Interconnect Startup
The FTC expedited its antitrust review and cleared Elon Musk to acquire Mesh Optical Technologies, a startup founded by three former SpaceX engineers that builds high-speed optical transceivers for data-center communications. Mesh emerged from stealth in February with a $50M Series A led by Thrive Capital; the acquisition slots directly into Musk's push to make his AI data centers faster and more energy-efficient.
BIG TECH
IBM Debuts the World's First Sub-1-Nanometer Chip Technology at the 0.7nm Node
BIG TECH0.7nm node
IBM Debuts the World's First Sub-1-Nanometer Chip Technology at the 0.7nm Node
IBM unveiled what it calls the world's first sub-1-nanometer chip technology -- a new transistor architecture at the 0.7nm (7-angstrom) node that packs nearly 100 billion transistors onto a fingernail-sized chip. The breakthrough, built on IBM's 3D nanostack architecture, promises up to 50% higher performance or 70% greater energy efficiency versus its 2nm chips, with a path to production within five years.
BIG TECH
Amazon Commits Another $13B to India for AI and Cloud, Pushing Its Bet to $48B by 2030
BIG TECH$13B / $48B total
Amazon Commits Another $13B to India for AI and Cloud, Pushing Its Bet to $48B by 2030
Amazon CEO Andy Jassy, meeting Prime Minister Narendra Modi in New Delhi, announced an additional $13 billion investment in India for AI and cloud infrastructure by 2030, lifting Amazon's total committed India spend to about $48 billion -- more than $21 billion of it earmarked for AI and cloud. The money expands AWS data-center capacity in Mumbai and Hyderabad as the hyperscalers race to own the infrastructure layer of the world's fastest-growing internet market.
BIG TECH
SpaceX Acquires AI Coding Startup Cursor for $60B in the Year's Largest Startup M&A Deal
BIG TECH$60B
SpaceX Acquires AI Coding Startup Cursor for $60B in the Year's Largest Startup M&A Deal
SpaceX, fresh off its record IPO, formalized a $60 billion all-stock acquisition of Anysphere, the company behind the AI coding tool Cursor -- the biggest venture-backed startup M&A deal of 2026. The purchase, exercised from an option SpaceX took in April, hands Elon Musk's rocket maker a foothold in enterprise software development and delivers a generational return to Cursor's backers, including a16z, Thrive and Coatue.
BIG TECH
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
BIG TECH~-20% stock drop
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
Cerebras shares fell roughly 20% -- back near their IPO price -- after the AI-chip maker's first earnings report as a public company spooked investors with a soft gross-margin outlook, even as it beat on revenue. CEO Andrew Feldman said the market 'misunderstood' the guidance, which reflects a temporary plan to lease back systems while it builds its own data centers.
BIG TECH
Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
BIG TECH$3.92B
Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
Qualcomm agreed on June 24 to acquire Modular, the AI-infrastructure company founded by Chris Lattner (LLVM, Swift), in an all-stock deal valued near $4 billion — its largest ever. The play: use Modular's MAX platform to run AI models across Qualcomm silicon without hand-tuning code for each chip, directly attacking the software stack that has cemented Nvidia's data-center dominance.
BIG TECH
Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
BIG TECH~$3.9B
Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
Qualcomm agreed to acquire Modular -- the startup behind the Mojo programming language and MAX AI platform -- in an all-stock deal worth roughly $3.9 billion. The bet is that the way to break Nvidia's dominance isn't a faster chip but an open software layer that lets AI models run efficiently across any hardware, directly challenging the CUDA lock-in.
BIG TECH
Mark Zuckerberg Wants Meta to Launch Its Own Prediction Market
BIG TECHNew product push
Mark Zuckerberg Wants Meta to Launch Its Own Prediction Market
Mark Zuckerberg is pushing Meta to build its own prediction market, according to TechCrunch, betting that the booming category -- popularized by Polymarket and Kalshi -- belongs inside Meta's social and advertising machine. The move would thrust Meta into a fast-growing but heavily scrutinized corner of online finance.
BIG TECH
Oracle Cuts 21,000 Jobs to Help Fund Its Debt-Fueled AI Data Center Buildout
BIG TECH21,000 jobs cut
Oracle Cuts 21,000 Jobs to Help Fund Its Debt-Fueled AI Data Center Buildout
Oracle has laid off roughly 21,000 workers as it pours borrowed money into a massive AI data center expansion, according to Ars Technica. The juxtaposition -- deep headcount cuts alongside an aggressive, debt-financed compute buildout -- captures how far legacy software firms are stretching to stay relevant in the AI infrastructure race.
BIG TECH
Microsoft and Chevron Plan One of the Largest Gas-Powered Data Centers in the US
BIG TECHGas-powered megasite
Microsoft and Chevron Plan One of the Largest Gas-Powered Data Centers in the US
Microsoft and Chevron are teaming up to build one of the largest natural-gas-powered data center projects in the country, pairing on-site gas generation with AI compute to sidestep strained electric grids. The deal is the clearest sign yet that power -- not chips -- is now the binding constraint on AI expansion.
BIG TECH
GM Installs Robots at Flagship EV Factory After Laying Off 1,300 Workers
BIG TECH1,300 jobs cut
GM Installs Robots at Flagship EV Factory After Laying Off 1,300 Workers
General Motors is installing robots at its flagship EV factory shortly after laying off roughly 1,300 workers, according to Ars Technica. The juxtaposition crystallizes the automation-versus-jobs tension as carmakers automate production amid soft EV demand.
BIG TECH
Lucid's New CEO Cuts 18% of Staff -- 1,500 Jobs -- in Its Second Deep Cut This Year
BIG TECH1,500 jobs cut
Lucid's New CEO Cuts 18% of Staff -- 1,500 Jobs -- in Its Second Deep Cut This Year
EV maker Lucid Motors is laying off about 1,500 employees, roughly 18% of its workforce, just four months after cutting 12% of staff. It is the first major move by new CEO Silvio Napoli, who formally took the role on June 1, and includes eliminating the second production shift at the Arizona factory to align output with demand.
BIG TECH
Meta Names CRED Founder Kunal Shah to Run WhatsApp -- and Puts $900M Into His Startup
BIG TECH$900M investment
Meta Names CRED Founder Kunal Shah to Run WhatsApp -- and Puts $900M Into His Startup
Meta has appointed Kunal Shah, founder of Indian fintech CRED, as the new head of WhatsApp, replacing Will Cathcart after nearly seven years. Alongside the hire, Meta led a $900 million round in CRED at roughly a $4.5 billion post-money valuation -- a striking bet on India, WhatsApp's single largest market with over 500 million users.
BIG TECH
Polymarket Reportedly Paid Creators to Post Deceptive Videos of Fake Bets
BIG TECHPaid-influencer scandal
Polymarket Reportedly Paid Creators to Post Deceptive Videos of Fake Bets
Prediction-market platform Polymarket reportedly paid online creators to post viral videos depicting fake bets and exaggerated payouts, according to reporting surfaced by TechCrunch and The Verge. The revelation lands as Polymarket pushes into the US mainstream, raising fresh questions about how much of the prediction-market hype is organic versus manufactured.
BIG TECH
SpaceX to Acquire Cursor for $60B in Stock -- the Largest Buyout of a Venture-Backed Startup Ever
BIG TECH$60B
SpaceX to Acquire Cursor for $60B in Stock -- the Largest Buyout of a Venture-Backed Startup Ever
Days after the largest IPO in history, SpaceX agreed to acquire AI coding company Cursor (Anysphere) in a $60 billion all-stock deal -- the biggest acquisition of a venture-backed startup on record. Cursor, last valued around $29 billion and reportedly raising at $50 billion, will be folded into Musk's AI effort to challenge OpenAI and Anthropic in code, with the deal expected to close in Q3 2026.
BIG TECH
A New Robotaxi Scorecard Shows China's Dominance in Autonomous Ride-Hailing
BIG TECHChina leads AV race
A New Robotaxi Scorecard Shows China's Dominance in Autonomous Ride-Hailing
A new industry scorecard tracking global robotaxi deployment puts Chinese operators clearly out front on scale, cities covered and rides delivered, according to TechCrunch's Mobility report. As US players like Waymo expand methodically, the data suggests China's combination of permissive rollout and domestic competition is compounding into a real lead.
BIG TECH
Adobe Embeds Agentic AI Across Creative Cloud, Pivoting From Media Generation to Production Orchestration
BIG TECHAgentic Creative Cloud
Adobe Embeds Agentic AI Across Creative Cloud, Pivoting From Media Generation to Production Orchestration
Adobe is wiring agentic AI workflows across Creative Cloud, shifting its pitch from one-shot media generation to orchestrating entire multi-step creative production pipelines. It's the clearest sign yet that the incumbent software giants intend to own the agent layer on top of their existing tools rather than cede it to startups.
BIG TECH
NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX
BIG TECH2028 Mars mission
NASA Picks Eric Schmidt's Relativity Space for a 2028 Mars Mission, Setting Up a Race With SpaceX
NASA selected Relativity Space -- the rocket company Eric Schmidt took over and now runs as CEO -- to build and fly the Aeolus orbiter to Mars in 2028, funded by an unnamed philanthropic backer. It's an audacious bet on an unproven launcher and, if it works, could make Relativity the first private mission to reach the Red Planet.
BIG TECH
Ambani Wants AI in Every Call, App, and Home as Reliance Bids to Make India an AI Hub
BIG TECH
Ambani Wants AI in Every Call, App, and Home as Reliance Bids to Make India an AI Hub
At Reliance's annual shareholder meeting, Mukesh Ambani laid out a sweeping plan to wire AI into Indian life -- a Jio Call Agent for phone calls, a Jio Teleframe home OS run by AI agents, and a renewable-powered AI data center in Jamnagar -- in a bid to reduce India's dependence on US and Chinese technology.
BIG TECH
Hyundai Takes Full Control of Boston Dynamics, Buying Out SoftBank for $325M
BIG TECH$325M
Hyundai Takes Full Control of Boston Dynamics, Buying Out SoftBank for $325M
Hyundai Motor Group is buying SoftBank's remaining ~9.65% stake in Boston Dynamics for $325 million, completing its takeover of the Waltham, Massachusetts robotics company and turning it into a wholly owned subsidiary. The move closes out the put option SoftBank retained when Hyundai bought 80% control in 2021, and hands the automaker undivided ownership of the world's most famous humanoid-robotics brand just as physical AI becomes a venture and corporate obsession.
BIG TECH
Adobe Embeds Agentic AI Across Creative Cloud, Shifting From Generation to Production
BIG TECH
Adobe Embeds Agentic AI Across Creative Cloud, Shifting From Generation to Production
Adobe is weaving agentic AI workflows across Creative Cloud, moving beyond one-off media generation toward agents that orchestrate full production pipelines -- assembling, editing, and shipping creative work across its apps. It's Adobe's clearest answer yet to the threat that generative tools pose to its franchise.
BIG TECH
SpaceX Buys Cursor Maker Anysphere in $60B All-Stock Deal
BIG TECH~$60B
SpaceX Buys Cursor Maker Anysphere in $60B All-Stock Deal
Freshly public SpaceX agreed to acquire Anysphere, the maker of the AI coding agent Cursor, in a roughly $60 billion all-stock deal -- its first major move into consumer and developer software. The transaction puts SpaceX's newly rich public currency to work and instantly makes Musk's space company a serious AI applications player.
BIG TECH
Alphabet Raises ~$85B in Equity to Fund the AI Buildout -- With $10B From Warren Buffett's Berkshire
BIG TECH~$84.75B
Alphabet Raises ~$85B in Equity to Fund the AI Buildout -- With $10B From Warren Buffett's Berkshire
Alphabet upsized its equity raise to roughly $84.75 billion to bankroll an AI infrastructure buildout it now guides at $180-190 billion of capex this year, with even more in 2027. The package pairs a $30 billion underwritten offering of preferred and common stock with a $40 billion at-the-market program starting in Q3 and a $10 billion private placement to Warren Buffett's Berkshire Hathaway -- a striking move for a company that prints cash.
BIG TECH
Apple Says iPhone Price Hikes Are 'Unavoidable' as the AI Memory Crunch Becomes a 'Hundred-Year Flood'
BIG TECH~4x memory costs
Apple Says iPhone Price Hikes Are 'Unavoidable' as the AI Memory Crunch Becomes a 'Hundred-Year Flood'
Tim Cook told the Wall Street Journal that Apple can no longer fully absorb surging memory and chip costs, calling the AI-driven shortage a 'hundred-year flood' and price increases 'unavoidable.' DRAM and high-bandwidth memory have been gobbled up by AI data centers, leaving consumer-device makers paying multiples of last year's prices.
BIG TECH
SpaceX Buys Cursor for $60B in All-Stock Deal -- Its First Move as a Public Company
BIG TECH$60B
SpaceX Buys Cursor for $60B in All-Stock Deal -- Its First Move as a Public Company
Days after the largest IPO in history, SpaceX agreed to acquire Anysphere -- the company behind AI coding tool Cursor -- in an all-stock deal valued around $60B, expected to close Q3 2026. Cursor generates roughly $2.6B in annualized revenue, and SpaceX is paying with freshly minted public equity rather than cash.
BIG TECH
Salesforce Buys Fin (formerly Intercom) for $3.6B to Supercharge Agentforce
BIG TECH$3.6B
Salesforce Buys Fin (formerly Intercom) for $3.6B to Supercharge Agentforce
Salesforce agreed to acquire Fin -- the AI customer-service agent business formerly known as Intercom -- for $3.6B, folding it into its Agentforce platform. It's a direct bid to own the AI customer-service category before vertical agent startups like Sierra run away with it.
BIG TECH
Fox Acquires Roku for $22B -- Legacy Media Bets the Company on Streaming Distribution
BIG TECH$22B
Fox Acquires Roku for $22B -- Legacy Media Bets the Company on Streaming Distribution
Fox agreed to buy Roku in a $22B cash-and-stock deal, absorbing its 100M+ streaming households and the Tubi free-streaming service. It's the boldest move yet by a legacy broadcaster to own the connected-TV operating layer instead of renting it.
BIG TECH
Apple Unveils Siri AI Powered by Google Gemini at WWDC 2026
BIG TECH$3B+ estimated Gemini deal
Apple Unveils Siri AI Powered by Google Gemini at WWDC 2026
Apple conceded the foundation model race and chose to be a distribution layer instead, embedding Google Gemini into Siri across 2B+ devices. Google wins the platform war without building hardware, while every startup building an "AI assistant" layer just got commoditized.
BIG TECH
FAANG Is Dead -- Wall Street Crowns 'MANGOS' as the New Big Tech
BIG TECH$10T+ combined market cap
FAANG Is Dead -- Wall Street Crowns 'MANGOS' as the New Big Tech
The MANGOS acronym (Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX) replaces FAANG as Wall Street's power index, with a combined projected market cap of $10T+ once all members are public. Half that value was created in the last 18 months alone.