AI
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techCisco Cuts 4,000 Jobs, Pivots to AI as Orders Surge
Cisco restructures and cuts nearly 4,000 jobs to invest heavily in AI, raising its revenue outlook after a surge in hyperscaler orders.
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techSoftBank and Arm Move to Acquire Cerebras Ahead of IPO
A potential acquisition by Arm, backed by SoftBank, targets AI chipmaker Cerebras just weeks before its IPO, signaling major shifts in the semiconductor landscape.
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financeNvidia Adds $591B in Market Cap in Four Days, Surpassing Oracle's Value
Nvidia gained $591 billion in four trading days, eclipsing Oracle's entire valuation. Driven by AI deals and GPU demand, the chipmaker continues its explosive growth.
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techCEOs find AI productivity gains 'underwhelming,' survey shows
Nearly 73% of executives surveyed say AI returns have fallen short of expectations, with many threatening to scale back investments.
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techAmazon Workers Game AI Usage Metrics Amid Internal Pressure
Amazon employees reportedly use a tool called MeshClaw to inflate their AI usage stats, a practice known as 'tokenmaxxing.'
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techa16z’s Jennifer Li: AI Infrastructure Is the New Backbone, Distribution the Key
a16z GP Jennifer Li discusses why infrastructure is paramount and distribution is the differentiator in AI.
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techIntel, Micron, and Qualcomm Hit All-Time Highs on AI and Crypto Demand
Three semiconductor giants open at record highs, fueled by AI partnerships and crypto infrastructure demand.
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financeHedge Funds Pile into Asian Tech Stocks at Decade-High Pace
Morgan Stanley reports the heaviest weekly hedge fund buying of South Korean, Japanese, and Taiwanese equities in over ten years.