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ARTIFICIAL INTELLIGENCE SPENDING
Global Market: European shares rebound as tech stocks recover; investors assess Middle East developmentsEuropean stock markets traded higher on Thursday, recovering from previous losses. Technology shares led the gains, driven by renewed inter...- TCS braces for muted June quarter earnings; AI outlook and deal pipeline in focusTata Consultancy Services anticipates slower revenue and profit growth for June 2026 quarter. Client decision cycles are elongating, impact...
- Quote of the day by Nikola Tesla: 'In the twenty-first century, the robot will take the place which slave...' - A century-old prediction on AI, robots and humanity's technological future by the world's greatest inventorQuote of the Day by Nikola Tesla: Nikola Tesla's famous prediction, "In the twenty-first century, the robot will take the place which slave...
- Karnataka to invest Rs 1.5 lakh crore in Bengaluru infrastructure; aims to promote GCCs in tier-2, tier-3 citiesDK Shivakumar said the government was focused on improving Bengaluru's infrastructure while encouraging companies to expand operations acro...
- Dream Sports CTO Amit Sharma steps down after a decade to launch AI ventureDream Sports CTO Amit Sharma is stepping down after nearly a decade to build an AI venture. A former Netflix and Yahoo executive, Sharma jo...
- Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?Michael Burry, famed for predicting the 2008 financial crisis, has increased his bearish bets against AI-linked chipmakers through the iSha...
- US trade deficit widens sharply in May as capital goods imports hit record highThe United States trade deficit significantly widened in May. Imports of capital goods reached a record high, driven by artificial intellig...
- Welsh Proverb of the Day: 'A spoon does not know the taste of soup, nor a learned fool the taste of wisdom'A Welsh proverb highlights the difference between knowing and understanding information. It compares a spoon in soup to a learned person wi...
- Explained: Why did Samsung shares crash 10% even after tech giant forecast 19x jump in profitSamsung Electronics shares plunged 10% despite forecasting a 19-fold jump in second-quarter profit, as investors worried the AI-driven memo...
- Microsoft shares fall over 1% after company announces to layoff 4,800Microsoft announced significant job cuts affecting approximately 4,800 employees globally. The Xbox gaming division will experience the dee...
- SAP tightens hiring, travel spend as it ramps up AI investmentsGerman tech giant SAP is strategically curbing hiring, travel, and external spending to fuel its ambitious artificial intelligence investme...
- US Stock Market: Soft US jobs data eases Fed rate fears, lifts market sentimentA recent U.S. jobs report, showing slower-than-expected growth and downward revisions, has eased investor fears of persistent inflation and...
- No longer magnificent? How Apple, Microsoft and other Mag 7 stocks are crumbling under AI pressureThe Magnificent Seven are underperforming as investors question whether massive AI spending will generate adequate returns. With $2.3 trill...
- US construction spending inches up in May, but homebuilding weakIn May, US construction spending edged up by a mere 0.1%, influenced by increased mortgage rates partly due to tensions in the Middle East....
- Japanese stocks hit by biggest foreign weekly selloff since March as tech rally coolsForeign investors recorded their biggest weekly selloff in Japanese stocks since March, offloading ¥1.82 trillion worth of shares amid prof...
- Wipro shares could crash 17% on Thursday if ADR is an indicator. What’s worrying investors?Wipro shares are poised for a significant drop following a steep decline in its ADRs, fueled by investor worries about future earnings and ...
- SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessionsTo make lenders more comfortable, the Japanese technology investor is offering to guarantee repayment of the loan, giving banks recourse to...
- Days after Meta sent 4 AM layoff emails to 8,000 employees, CEO Mark Zuckerberg says fears of AI job losses are overstated and more jobs could be created if...Meta CEO Mark Zuckerberg believes artificial intelligence won't necessarily lead to mass job losses. He has argued that companies can choos...
- US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boomMarket strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He ad...
- AI spending sparks historic Microsoft selloff: Opportunity ahead?Microsoft is headed for its worst monthly decline since December 2000 as AI spending concerns weigh on sentiment, though its cloud, softwar...
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