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Cloudflare shares rose before the bell on Friday after the cloud services firm raised its annual forecasts, betting that resilient AI-driven demand will sustain traffic across its network
The White House on Thursday imposed a series of price floors and a 15 per cent tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China.
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers.
Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company’s hefty investments were bearing fruit.
Microsoft’s shares soared more than 16 per cent on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.
The European Union is offering 10 billion euros ($11.4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U.S. and China, the 27-nation bloc’s executive said on Thursday.
Microsoft topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity constraints ease and more businesses adopt the technology.
The rogue agent that escaped from OpenAI and went on a days-long hacking spree at the AI firm Hugging Face also compromised a customer at a second tech company — New York-based Modal Labs — according to a Modal executive and two other sources familiar with the matter.
The U.S. Federal Communications Commission is banning imports of new foreign-made humanoid robots and power inverters, citing national security risks, in a move that targets China.
Data breaches are becoming more costly for Canadian companies, a new report suggests.
Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another.
A U.S. school district is suspending plans to deploy an AI-powered robot in the classroom after state education officials, teachers and residents raised concerns, including the maker’s ties to a company that makes sex bots.
Apple’s market capitalization briefly surpassed US$5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia.
Stocks on Wall Street drifted to a mixed close Monday as oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end the war.
Shares of CXMT, China’s largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years.
U.S. threats to sanction Chinese AI developers over alleged intellectual property theft and export-control violations risk unravel efforts for a bilateral dialog.
