Oracle stock rises in premarket on plans to cut thousands of jobs
[ad_1] Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle rose in premarket trading on Wednesday as the multinational tech conglomerate looks to cut thousands of jobs to free up cash to build AI […]
Microsoft closes worst quarter on Wall Street since 2008 on AI concerns: ‘Redmond is in a pickle’
[ad_1] Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant’s prospects in artificial intelligence. The company’s […]
Nebius unveils plans to build one of Europe’s largest AI factories as region scrambles for compute
[ad_1] Nebius unveiled plans on Tuesday to build a new AI data center in Finland, which it says will be one of Europe’s largest when up-and-running, as the region races to develop the compute infrastructure needed to power the AI boom. The new facility will be based in the Finnish city of Lappeenranta with a […]
Mistral secures $830 million in debt financing to fund AI data center
[ad_1] French AI startup Mistral said Monday it has secured $830 million in debt financing to fund a data center powered by thousands of Nvidia chips. Founded in 2023, Mistral is one of the few European startups building foundational AI models, looking to compete with the likes of OpenAI and Anthropic, albeit with a far […]
Meet Figure AI: The company behind the humanoid robot hosted by Melania Trump
[ad_1] First lady of Sierra Leone Fatima Jabbe-Bio, Polish first lady Marta Nawrocka, French first lady Brigitte Macron, and U.S. first lady Melania Trump look at a humanoid robot during the Fostering the Future Together Global Coalition Summit in the East Room of the White House in Washington, DC, on March 25, 2026. Oliver Contreras […]
The Tech Download: Agentic tools and chips take center stage at Nvidia’s ‘Super Bowl of AI’
[ad_1] This report is from this week’s The Tech Download newsletter. Like what you see? You can subscribe here. Nvidia’s yearly showcase event — dubbed the ‘Super Bowl of AI’ by some — kicked off at the start of the week to much fanfare across the tech sector. The event sees tens of thousands of attendees […]
Micron revenue almost triples, tops estimates as demand for memory soars
[ad_1] Micron CEO Sanjay Mehrotra speaks at a groundbreaking ceremony for the company’s semiconductor manufacturing facility in Clay, New York, on Jan. 16, 2026. Heather Ainsworth | Bloomberg | Getty Images Micron’s revenue almost tripled in the latest quarter as results topped analysts’ estimates and guidance sailed past expectations. The stock, which is up more […]
Microsoft shakes up Copilot AI leadership team, freeing up Suleyman to build new models
[ad_1] Microsoft AI CEO Mustafa Suleyman speaks during an event highlighting Microsoft Copilot, the company’s AI tool, on April 4, 2025 in Redmond, Washington. The company also celebrated its 50th anniversary. Stephen Brashear | Getty Images News | Getty Images Microsoft said Tuesday that it’s bringing together the engineering groups for its commercial and consumer […]
CNBC Daily Open: Risk-off trade back on for oil
[ad_1] Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump continues to dominate the news cycle, and his latest round with reporters in the Oval Office has yielded more headlines and market moves this morning. It’s only Tuesday and already it’s been […]
Nebius jumps 14% after inking $27 billion infrastructure deal with Meta
[ad_1] In an aerial view, a billboard advertising an artificial intelligence (AI) company is posted on Sept. 16, 2025 in San Francisco, California. Justin Sullivan | Getty Images Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius‘ AI infrastructure, the company announced on Monday. Nebius’ shares […]