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Apple bets on overdue Siri fix to close AI gapThe revamp, unveiled at its annual Worldwide Developers Conference in Cupertino, California, introduces "Siri AI," a more conversational as...- Amazon shares slide as $200 billion outlay fans fears over AI returnsAmazon.com shares slid 9% on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concern...
- Amazon shares sink as Big Tech's AI spending plans worry investorsAmazon's capex spending plans are expected to reach $200 billion in 2026. Alphabet said its capex could double from a year ago, while Meta ...
- CoreWeave's shares slip after it unveils AI spending plans in first results since IPOCoreWeave shares fell over 5% premarket after revealing $3–3.5 billion in Q2 capital spending to meet soaring AI demand, despite projecting...
- Netflix stock crashes, erasing $40 billion in market cap as investor panic grows over slowing subscriber growthNetflix shares fell significantly amid concerns over slowing subscriber growth. The market value of the company decreased by about $40 bill...
- Apple stock gets a rare Sell rating from an analyst; here's the reason he gave for downgrading the world's largest company from NeutralApple's stock has suddenly seen itself getting marked in red, as a top market expert has suddenly claimed that the top Silicon Valley shoul...
- Tech giants are set to spend $200 billion this year chasing AIWall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more,...
- Digital ad sellers jump as Google, Reddit and Snap earnings indicate sturdy demandThe three companies were set to add more than $70 billion combined to their market capitalizations. Shares of Alphabet rose 6% in premarket...
- Amazon shares fall 10% on slowing sales growth, ‘value-conscious customer’Shares of Amazon.com fell nearly 10% on Friday after the company reported slowing online sales growth in the second quarter and said consum...
- Paramount Global owner calls off merger talks with Skydance MediaNational Amusements ends talks on Paramount-Skydance merger, citing inability to reach terms. Concerns over Paramount's future due to debt ...
- Roku tumbles 20% as stiff competition from heavyweights dents outlookRoku dropped nearly 20% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles...
- Netflix emulates old-school cable TV playbook with addition of live sportsNetflix expands its investment in live programming with a $5 billion deal to acquire rights to broadcast live wrestling, including World Wr...
- SVB Financial to sell its I-banking business to management teamThe group will acquire SVB Securities for a combination of cash, repayment of an intercompany note, assumption of certain liabilities and a...
- Fox's settlement with Dominion Voting Systems over defamation charges unlikely to cost it $787.5 millionOn Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against form...
- Walt Disney Co begins 7,000 layoffsSeveral major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, ac...
- SVB’s research unit expects business to continue as normalSVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise...
- Warner Bros Discovery shares fall as ad woes weighThe company's networks business, which includes channels like HGTV, Discovery Channel and TLC, took a hit as brands cut their advertising b...
- Disney's new CEO Bob Iger may have to cut costs as streaming loses moneyDisney shocked investors late on Sunday evening by announcing the ouster of CEO Bob Chapek and appointing Iger, 71, to a two-year contract ...
- Big tech ad revenue growth to taper as pandemic bubble pops: analyst reportWhile the companies have warned of pressure from inflation, the Ukraine war and the end of a Covid-induced lift to advertising, the report ...
- Megahit "Squid Game" puts focus squarely on Netflix's overseas growthWith a 111 million-strong fan base in just 27 days after its release, the low-cost survival drama has become Netflix's biggest original sho...
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