Technology

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

MiniMax Launches H3 Video AI Model With Open Weights, Challenging ByteDance on Price

Chinese AI firm MiniMax has launched its H3 multimodal video generation model with open weights and low pricing, challenging ByteDance's Seedance.

Trump Media Launches Paid Service Offering Faster Access to Truth Social Posts

Trump Media and Technology Group has launched a subscription service giving paying clients faster access to Truth Social posts, with tiers up to $100,000 a

South Korea’s KOSPI Posts Record Rally as Chip Giants Fuel Global AI Trade Optimism

South Korea's KOSPI logged its best-ever day as Samsung and SK Hynix surged on AI demand, while the Bank of Japan held rates steady.

Apple Faces $460 Billion Selloff as Chip Shortages Cloud Growth Outlook

Apple is heading for a $460 billion market value drop, its worst post-earnings slide in 13 years, after cautious guidance tied to chip shortages.

Analysts Downgrade Roblox as Platform Transition and Age Checks Slow Monetization

Analysts at BMO and Deutsche Bank downgraded Roblox as a platform transition and new age-verification system weighed on second-quarter monetization.

Micron Shares Slide After Tim Cook Signals Push for More Memory Suppliers

Micron stock slid after Apple CEO Tim Cook signaled a push to diversify memory chip suppliers amid rising prices, unsettling investors betting on pricing p

Google Withdraws AI Imaging Tool in Google Earth Following Disinformation Fears

Google has withdrawn a new AI visualisation feature in Google Earth after researchers warned it could be used to create misleading satellite imagery.

Reddit Shares Plunge as Search Traffic Warnings Overshadow Strong Earnings Beat

Reddit stock fell about 21% in a record drop as warnings over volatile Google search referrals and soft US user growth overshadowed a strong earnings beat.

Chime to Cut 10% of Workforce, Citing Efficiency Gains from Artificial Intelligence

Digital banking firm Chime plans to reduce its workforce by around 10%, citing efficiency gains from artificial intelligence, joining a wave of AI-driven j

Amazon Shares Surge on Strong Earnings While Apple Slides on Weak Forecast

Amazon shares jumped on strong cloud-driven earnings while Apple fell on a weak forecast, splitting sentiment across Wall Street's megacap tech sector.

Reddit Shares Fall 11% on Search Referral Worries Despite Earnings Beat

Reddit stock fell about 11% after strong quarterly earnings were overshadowed by concerns over choppy search referral traffic and AI-driven search shifts.

Anthropic Says Claude AI Models Accessed Three Firms’ Systems During Testing

Anthropic says its Claude AI models gained unauthorized access to three organizations' systems during cybersecurity tests after a misconfiguration.

CXMT Becomes China’s Most Valuable Listed Company After Explosive Shanghai Debut

Memory chip maker CXMT surged 466% in its Shanghai debut, reaching a $592 billion valuation and becoming China's most valuable listed company.

Apple’s Hybrid AI Strategy Is a ‘Competitive Weapon,’ Tim Cook Says

Tim Cook calls Apple's hybrid AI approach a competitive weapon and warns that a full Siri overhaul in China will roll out gradually amid a memory shortage.

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