Big Tech
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techAnthropic Co-Founder: AI Cannot Be Left to Big Tech Alone
Chris Olah urges oversight from religious leaders and governments, warning AI could displace labor at a historic scale.
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techMeta Cuts 8,000 Jobs Globally in AI-Driven Efficiency Push
Meta begins laying off 8,000 staff worldwide, starting in Singapore, as it pivots to AI and streamlines operations.
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worldIran Demands Fees from Big Tech for Undersea Internet Cables in Strait of Hormuz
Iran asserts authority over Strait of Hormuz subsea cables, threatening to charge Meta, Google, Amazon, and Microsoft for usage and maintenance.
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financeAlphabet Returns to Euro Bond Market with Six-Tranche Offering
Alphabet is selling euro-denominated bonds across six tranches, tapping debt markets to fund AI expansion.
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cryptoBitcoin Bounces on Tech Earnings, But $80K Resistance and Fed Uncertainty Loom
Bitcoin climbs to $77,400 after strong Big Tech earnings boost sentiment. However, the rally is cautious as the market eyes the key $80,000 resistance and a pending Fed leadership change.
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financeS&P 500 Set for Sharpest Quarterly Profit Growth in Four Years
Analysts sharply raise S&P 500 earnings forecasts after big tech results, signaling strongest profit growth since late 2021.
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techGoogle Cloud Leads AI Race as Big Tech Invests up to $700B by 2026
Google Cloud emerges as leader in AI infrastructure spending as US tech giants invest heavily to maintain edge over China.
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techEU Targets Big Tech's Cloud and AI Services Under Digital Markets Act
European Union regulators are expanding the scope of the Digital Markets Act to include cloud and AI services, aiming to foster competition and address emerging tech challenges.