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Explained: Why Oracle shares crashed 10% in extended trading despite earnings beatOracle shares fell sharply in after-hours trading despite beating earnings estimates, as investors reacted to aggressive AI spending plans ...- CoreWeave founders have dumped $2.3 billion in stock since IPOCoreWeave executives and a major investor have sold over $7.8 billion in stock since the company's March 2025 IPO. Despite this, CoreWeave'...
- PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...
- Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreementsOracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despi...
- SpaceX needs to get to $5 quadrillion to rival mag seven magicUpcoming trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic are set to redefine market valuations, asking investors to wager heavily o...
- Speed, cost, accessibility key in next phase of AI race, says Sundar PichaiSpeaking to the media ahead of Google’s annual developer conference Google I/O, Pichai said the industry is entering a phase where efficien...
- Elon Musk’s xAI promised staff $420 for their tax returns, hasn’t paidElon Musk's xAI offered employees a $420 payment for their tax returns to train its Grok chatbot. Two months later, these promised payments...
- OpenAI to cap Microsoft revenue-sharing at $38 billion: ReportOpenAI and Microsoft have reportedly agreed to cap revenue-sharing payments at $38 billion, a move that could strengthen OpenAI's investor ...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Palo Alto Networks acquires Portkey; Tim Cook on Apple's India growthPalo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5.
- US stocks today: US markets slips ahead of Big Tech earnings, Fed rate decisionInvestors are adopting a cautious approach, keenly awaiting key earnings from major technology firms. The Federal Reserve's upcoming meetin...
- Australia moves to tax Meta, Google and TikTok to fund newsroomsAustralia plans to tax Meta, Google, and TikTok. This aims to fund news reporters. The government will introduce legislation by July 2. Pla...
- Adobe expands AI ecosystem to tackle fragmentation in enterprise customer experienceA key aspect of Adobe’s strategy is its focus on first-party data as the foundation for AI-driven customer experiences. As privacy regulati...
- Apple's 50-year journey from garage to tech titanThe company turns 50 on Wednesday. Its rise has shaped both the technology industry and popular culture by making first desktop computers a...
- Leaked files expose OpenAI’s huge payments to MicrosoftLeaked documents reveal OpenAI’s growing financial ties with Microsoft, showing payments of $494 million in 2024 and $866 million in early ...
- ETtech Explainer: why Elon Musk is taking OpenAI to court againElon Musk argues that OpenAI’s shift to a for-profit model is straying from its original mission to advance AI for everyone’s benefit. He s...
- Major Canadian news media companies launch legal action against OpenAIIn a statement, Torstar, Postmedia, The Globe and Mail, The Canadian Press, and CBC/Radio-Canada said OpenAI was scraping large swaths of c...
- US newspapers sue OpenAI for copyright infringement over AI trainingNew York Daily News, Chicago Tribune, MediaNews Group sue Microsoft, OpenAI for misusing reporters' work. Lawsuit includes Copilot, alleges...
- Sam Altman returns to OpenAI board months after crisisCEO Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and ...
- New York Times sues OpenAI, Microsoft for copyright infringementThe Times is the first major American media organisation to sue the companies, the creators of ChatGPT and other popular AI platforms.
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