Latest Technology News
Intel Rallies on Bold Factory Stake Buyback
Shares of technology companies rose as Intel agreed to buy back its 49% stake in an Ireland-based microchip factory from Apollo Global Management for $14.2 billion, sold in 2024. This move stirred a rally in chip makers recovering from risk-off sentiment due to the Iran war.
Tech stocks stormed back this week following the downturn.
OpenAI Reaches $852 Billion Valuation in Mega-Funding Round
OpenAI topped an $852 billion valuation through a recent mega-funding round, highlighting explosive growth in AI. Bloomberg’s Tim Stenovec discussed the funding's implications for the AI leader.
This positions OpenAI ahead of rivals in the competitive landscape.
SpaceX Files Confidentially for IPO Ahead of AI Rivals
SpaceX has filed confidentially for an IPO, aiming to capitalize before AI competitors advance. The filing underscores SpaceX's strategic timing in public markets.
This development draws attention amid broader venture capital shifts toward AI.
Oracle Announces Massive Global Layoffs of Up to 30,000 Jobs
Oracle initiated a global layoff affecting up to 30,000 employees, with India hit hardest at around 12,000 jobs. Employees received abrupt termination emails at 6 AM as the company pivots to AI infrastructure and cloud expansion.
This reflects a tech-wide trend of AI-driven restructuring seen at Amazon, Microsoft, and others.
Anthropic Exposes Claude AI's Internal Instructions by Accident
Anthropic is addressing fallout from accidentally exposing underlying instructions for its Claude coding assistant, blamed on human error. The incident occurred with the AI agent popular among developers and businesses.
This raises concerns over AI safety and internal safeguards.
Microsoft Commits $5.5 Billion to AI and Cloud in Singapore
Microsoft plans to invest $5.5 billion in cloud and AI infrastructure in Singapore through 2029. The investment responds to surging demand for AI skills and computing in the city-state.
It bolsters Microsoft's regional presence amid global AI growth.
Baidu Apollo Go Robotaxis Freeze in Chinese Traffic
Baidu's Apollo Go robotaxis halted mid-traffic in a major Chinese city, forcing passengers to abandon vehicles. The incident questions the safety and reliability of self-driving technology.
It highlights ongoing challenges in autonomous vehicle deployment.
Manna Air Delivery Secures $50 Million Series B Funding
Manna Air Delivery raised $50 million in Series B funding to expand U.S. operations. The drone delivery firm aims to scale amid growing logistics tech demand.
Founder and CEO announced proceeds for broader rollout.
Big Tech Faces Major Court Fines for Platform Harms
Big tech companies received courtroom setbacks, including a $375 million fine in New Mexico for enabling child exploitation on platforms. A California verdict adds pressure, with whistleblower Frances Haugen warning of massive future liabilities potentially reaching trillions.
This signals rising regulatory scrutiny on tech accountability.
Tech Sector Layoffs Surge Amid AI Shift
Global tech layoffs continue with Oracle's cuts, joining Amazon, Microsoft, Intel, TCS, and Google in prioritizing AI over traditional roles. Companies restructure for cloud and high-cost AI investments despite profitability.
This creates job uncertainty, particularly in markets like India.
Taiwan Plans Nano 4 Supercomputer Launch in Q3
Taiwan's Nano 4 supercomputer is set to launch in the third quarter of 2026. The announcement underscores advancements in high-performance computing for research and AI.
It positions Taiwan competitively in global tech infrastructure.