Amazon slide continues Big Tech’s $1 trillion wipeout as AI bubble fears rise
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters.…
China tech stocks enters bear market as tax, AI fears take hold
UBTech humanoid robot is on display during the 27th China Beijing International High-tech Expo at China National Convention…
Nintendo shares sink 10% as gaming giant faces memory shortage concerns
Nintendo Co. Switch 2 game consoles at a Bic Camera Inc. electronics store in Tokyo, Japan, on Thursday,…
Musk’s xAI, SpaceX merger valued at $1.25 trillion, the biggest ever
Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value…
SoftBank subsidiary to work with Intel on next-gen memory for AI
Saimemory, a subsidiary of multinational investment giant SoftBank, has signed a collaboration agreement with American chipmaker Intel Corp.…
Elon Musk’s SpaceX acquiring AI startup xAI ahead of potential IPO
A SpaceX Falcon Heavy rocket carrying the National Oceanic and Atmospheric Administration’s (NOAA) weather satellite Geostationary Operational Environmental…
Nvidia shares down after report that its OpenAI investment stalled
Nvidia President and CEO Jensen Huang speaks to the media as he arrives for a meeting with the…
Judge signals Musk’s xAI may lose lawsuit accusing Altman’s OpenAI of stealing trade secrets
Sam Altman, CEO of OpenAI (L) and Elon Musk, CEO of Tesla. Reuters A federal judge signaled on…
Blue Origin shutters New Shepard rocket program to focus on moon lander development
A Blue Origin New Shepard rocket lifts off with a crew of six from Launch Site One in…
SK Hynix overtakes Samsung in annual profits for the first time
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office…
Advantest shares jump as much as 14% as AI chip boom drives record sales
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug.…
16,000 jobs to be cut in latest anti-bureaucracy push
Amazon said Wednesday it plans to eliminate about 16,000 corporate jobs, marking its second round of mass job…