Latest Technology News
Intel Joins Elon Musk's Terafab Project with Tesla, SpaceX, and xAI
Intel plans to participate in the Terafab initiative by SpaceX, xAI, and Tesla to manufacture massive compute and silicon chip capacity. The announcement boosted Intel's stock nearly 5% intraday, paring to 2% gains.
This collaboration aims to build alternative technology to Nvidia's dominance.
Broadcom and Google Expand Agreement with Anthropic for AI Operations
Broadcom and Google are scaling their partnership with AI startup Anthropic to power its expanding operations. The deal supports Anthropic's growing compute needs amid AI boom.
It positions them as key players in AI infrastructure beyond Nvidia.
UK AI Startup Flexzo AI Secures €10.3 Million in Series A Funding
Flexzo AI, a UK-based AI firm, raised €10.3 million in Series A to fuel growth. The funding highlights surging investor interest in AI startups globally.
Details on use of funds were not specified in announcements.
Tufts Study: AI Could Eliminate Jobs Equivalent to Belgium's Economy
Researchers at Tufts University project 6% of US jobs vulnerable to AI-driven elimination in 2-5 years, equating to Belgium's economy size. The study ranks occupations and regions by AI risk, focusing on information sectors.
Adoption of agentic AI could amplify impacts near South Korea's economy scale.
Microsoft AI Chief Predicts All White-Collar Work Automated in 18 Months
Microsoft's AI leader forecasted full automation of white-collar jobs within 18 months. This follows large language models' mainstream rise since 2023.
Predictions have intensified in 2026 amid AI advancements.
Anthropic CEO: AI to Wipe Out Half of Entry-Level White-Collar Jobs by Decade's End
Anthropic's CEO warned AI could eliminate 50% of entry-level white-collar positions by 2030, calling it humanity's 'rite of passage'. This echoes broader tech sector gloom on job markets.
College students face heightened concerns over AI disruption.
Goldman Sachs: 7 Reasons to Buy Dipped Tech Stocks Now
Goldman Sachs deems beaten-down tech stocks a 'value opportunity' after a rough 2026 start, with XLK ETF down 5.7% YTD. The bank's note by Peter Oppenheimer highlights attractive PEG and PE ratios at multi-year lows.
Tech's forward PEG below 1 signals undervaluation versus broader markets.
Tech Sector PEG Ratio Hits Post-Bubble Lows, Signals Buy Signal
Global tech's trailing PEG ratio matches 2003-05 tech bubble trough, implying undervalued future earnings. Forward PE ratios for tech and software are at 2019 lows relative to world markets.
Only financials trade similarly to historical medians.
AI Fears Drive Worst Tech Start to Year in 50 Years
Tech stocks mark one of the poorest calendar year openings since 1976, fueled by AI disruption worries and hyperscaler capex concerns. Investors fear AI upending business models across industries.
Goldman advises buying the dip with ETFs like VGT and FTEC.
Bill Ackman Eyes Deal for Universal Music Group
Investor Bill Ackman is pursuing a transaction for Universal Music Group, the world's largest music company. The move intersects tech and entertainment sectors amid digital shifts.
Details on the deal's structure remain under discussion.
IMF Warns of Pressures on Digital Asset Treasuries
The IMF cautions that digital asset treasuries face mounting pressures amid market volatility. Discussions on Bloomberg Crypto feature crypto leaders on DeFi trends.
Broader relief from US-Iran ceasefire impacts crypto sentiment.