Technology business news on AI, semiconductors, software and Big Tech, and what it means for investors.
Broadcom delivered the kind of numbers that would have looked extraordinary in almost any earlier semiconductor cycle. Revenue jumped 48% from a year earlier to $22.19 billion in its fiscal second quarter. AI semiconductor revenue reached $10.8 billion, up 143%. Free cash flow was $10.26 billion, and
Wise’s sharp selloff on Monday was not just a reaction to another regulatory headline. It was a reminder that the economics of fast-growing fintech companies depend on a fragile bargain: investors reward scale, low-cost payments and global reach, but only while they believe the compliance machinery can
Snowflake’s results on May 27 landed as more than a routine software earnings beat. The company not only raised its outlook after another quarter of strong growth, it also committed $6 billion over five years to Amazon Web Services in its largest infrastructure agreement to date. Taken together, those
Samsung Electronics entered a decisive stretch on Monday as its management and labor union opened last-ditch talks to avoid what would be the biggest strike in the company’s history, while a South Korean court imposed limits meant to keep any walkout from disrupting chip output. The combination matters
Apple’s latest quarter did more than beat expectations. It gave investors a cleaner answer to the question hanging over the company since it named John Ternus to succeed Tim Cook as chief executive on September 1. The answer is that Apple is not entering a leadership transition from a
Intel’s latest results finally gave investors something the company has lacked for years: evidence that the artificial intelligence boom may be helping its core business instead of passing it by. The chipmaker reported first-quarter revenue of $13.6 billion, up 7% from a year earlier, while non-GAAP
Hyundai Motor’s decision to launch 20 new models in China over the next five years is more than a routine product plan. It is an admission that the economics of the global auto business now run through China, not just because it is the world’s largest car market,
Google’s decision to invest up to $40 billion in Anthropic is the clearest sign yet that the economics of artificial intelligence are shifting away from software hype and toward the harder realities of power, chips, and data center capacity. Anthropic said Friday that Google will invest $10 billion in
The Chinese Communist Party’s ambitious plans for its digital currency, the e-CNY, are experiencing significant setbacks despite years of aggressive promotion and implementation efforts. What was once envisioned as a powerful instrument of financial surveillance and state control has struggled to gain meaningful traction among Chinese citizens. Launched
A college student scrolling through TikTok during a study break encounters content they never searched for: disaster footage, explanatory videos with moral conclusions, and campus confrontation clips. The algorithmic feed delivers this curated sequence automatically, representing what one analyst calls the defining political technology of our era—a system making
Russia’s Federal Security Service has raised concerns that Telegram may be facilitating Ukraine’s access to sensitive military communications, marking a significant shift in the messaging platform’s relationship with Moscow. According to intelligence officials, Ukrainian military and security forces appear capable of rapidly accessing information shared on the
The transformative power of artificial intelligence represents a shift more profound than the internet revolution itself. Just as the internet fundamentally altered human civilization, AI now stands poised to overshadow that digital transformation by several orders of magnitude. This isn’t merely technological evolution—it’s a complete restructuring of
