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Wall Street banks see AI 'super cycle' set to boost deals, financingInvestment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 bil...- Why IBM shares crashed 26%: CEO Arvind Krishna highlights customer spending shifts towards AIIBM's second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. C...
- BCG sees wider AI execution gap in India as marketers prepare for agentic AIIndian marketers embrace artificial intelligence with high ambition and investment. However, many companies mistake experimentation for tru...
- Data center firm Switch taps banks for IPO that could value it up to $80 billionData center operator Switch is preparing for a significant initial public offering. This offering could potentially raise up to ten billion...
- OpenAI seeks over $1 million from xAI as legal battle escalatesOpenAI requested over one million dollars in legal costs from xAI. This follows the dismissal of xAI's trade secrets lawsuit against the Ch...
- Payoneer bets big on India with Gurugram innovation hub, eyes country among top three global marketsPayoneer opened its innovation hub in Gurugram, India, on Monday. The company plans to expand its Delhi NCR center to 300 employees. This f...
- Satya Nadella's 'Reverse Information Paradox' post draws reactions from AI leadersMicrosoft CEO Satya Nadella highlighted risks businesses face with AI adoption. He warned companies could lose valuable organizational know...
- ETtech Explainer: Why did Apple sue OpenAI? All you need to know about the tech battleApple has sued OpenAI and two former employees over trade secret theft, alleging confidential information was shared to aid hardware entry....
- Global Market: AI stocks take a breather after blistering rally as investors reassess valuationsAI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats f...
- Global Market: SK Hynix warns of historic memory chip shortage by 2027 as AI demand soarsSK Hynix anticipates a severe global memory chip shortage extending beyond 2030. Accelerating artificial intelligence infrastructure demand...
- Korea's Kospi hits 8% lower circuit, trading halted. What's rattling investors today?South Korea's benchmark Kospi index plunged 8% to lower circuit on Monday as rising tensions in the Gulf and soaring oil prices rattled glo...
- Meta to put AI chip into production in September as it looks to double computing capacityThe tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTI...
- OpenAI safety head exits following leadership reorganisationJohannes Heidecke, OpenAI's head of safety systems, is leaving the company. Vice president of research and head of alignment Mia Glaese wil...
- Meta announces $9.17 billion Canada AI data center that will consume electricity equal to 800,000 homesMeta will invest C$13 billion to build its first Canadian AI data center in Alberta. This massive facility will require electricity equival...
- US makes it easier to export Nvidia AI chips and military equipment to the UAEThe United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military e...
- Apple files lawsuit accusing ChatGPT maker OpenAI of stealing trade secretsApple has accused OpenAI of stealing its trade secrets for new hardware. Two former Apple employees now working for OpenAI are named defend...
- AI data centre boom doubles Big Tech debt to $350 billion in five yearsMajor AI data center builders have doubled their debt in five years. This borrowing finances an unprecedented spending spree for economic t...
- BofA extends first $520 million loan to OpenAI ahead of IPOThe loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital markets financi...
- Temasek targets big jump in AI investments as value of portfolio hits record highTemasek, which owns stakes in Anthropic and OpenAI, also said its net portfolio value climbed to S$518 billion ($400 billion) last financia...
- Bank of England sees growing risks to financial stability from AIThe Bank of England identifies artificial intelligence as a growing threat to financial stability. Investors are heavily betting on AI's su...
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