Latest Technology News
Tech Stocks Drop After OpenAI Profit Warning
Shares of technology companies fell following a profit warning from OpenAI, reviving fears of overspending in AI data centers. OpenAI CFO Sarah Friar noted misses on user and revenue targets, raising concerns about funding massive expenditures.
SoftBank shares dropped nearly 10%, Oracle fell over 3.5%, amid upcoming earnings from Microsoft, Amazon, Alphabet, and Meta.
OpenAI Faces Trial with Elon Musk Over Future Direction
Lawyers for Elon Musk and Sam Altman began opening statements in a landmark trial that could reshape OpenAI's trajectory. The case highlights tensions in AI leadership and governance.
It coincides with OpenAI's recent financial stumbles.
Fabric.AI Rebrands and Pivots to AI with Kopin Deal
Formerly StableX Technologies, Fabric.AI (Nasdaq: SBLX, now FABC) shifts to AI infrastructure via MicroLED optical interconnects with Kopin. The company signed a Joint Development Agreement paying up to $15M initially, plus $15-25M for production, sharing IP ownership.
Fabric.AI raised $21.5M through Series K preferred stock and warrants.
Kopin Gains 19.9% Stake in Fabric.AI's AI Project
Kopin receives Series J preferred shares equating to 19.9% of Fabric.AI's fully diluted common stock, plus royalties and rights in certain markets. The deal includes a four-year exclusive supply agreement for the GPU-to-GPU technology.
This bolsters Fabric.AI's AI pivot with joint commercialization.
US Draft Bill Mandates Comprehensive China AI Review
US lawmakers introduced a bill requiring the State Department to assess China's AI progress, identifying key leaders and comparing to US systems within 180 days. The report will cover autonomous research, self-improvement benchmarks, safety, ethics, and risks.
It's the first such provision in foreign affairs appropriations.
Silicon Motion Reports Exceptional Q1 2026 Results
Silicon Motion announced strong quarterly results for Q1 2026, marking a robust start to a pivotal year for market share expansion. The company anticipates growth in its NAND flash controller and storage solutions amid tech sector dynamics.
Details highlight performance exceeding expectations.
Big Tech Earnings Loom After OpenAI Setback
Microsoft, Amazon, Alphabet, and Meta are set to release Q1 earnings after the bell, under scrutiny post-OpenAI's warning. Investors watch for signs of AI spending sustainability.
Sector volatility persists with sustainability indexes tracking broader markets.
Fabric.AI Extends Preferred Stock Maturities to 2027
Fabric.AI extended Series H-7 and I preferred stock maturities to 2027, issued new Series J and K with 6-7% dividends, and added warrants. Equity awards for CEO and directors are approved pending share authorization.
This funds the AI infrastructure transformation.
China AI Ambitions Face US Scrutiny in New Legislation
The draft bill targets Beijing's AI rise, mapping progress and risks with side-by-side US comparisons. It emphasizes identifying 'specific AI leaders' in China.
Report due in 180 days under FY2027 appropriations.
Oracle Shares Slide on OpenAI Data Center Ties
Oracle, with a $300B data-center deal with OpenAI, saw shares drop over 3.5% after the profit warning, though losses moderated. The event underscores AI infrastructure cost concerns.
Broader tech sell-off followed.