Keywords: Tech
A relentless sell-off in technology stocks showed no signs of easing Wednesday as investors dumped software company shares over growing concerns that artificial intelligence will upend their business models. Sparked by Anthropic's launch of Claude Cowork AI plugins on January 30, the rout has now......
Elon Musk has shattered wealth records, becoming the first individual ever to surpass $800 billion in net worth following the merger of his aerospace giant SpaceX with AI venture xAI. Forbes pegs Musk's fortune at about $852 billion post-deal, adding roughly $84 billion to his already staggering......
Envision Energy, a frontrunner in sustainable technology, has signed a seven-year Framework Agreement with ACWA Power, the world's top private desalination firm and a key player in energy shifts toward renewables and green hydrogen. The deal sets the stage for joint ventures in Saudi Arabia, Uzbekistan,......
Apple's stock climbed about 3% on Monday, reaching around $267 during mid-session trading. This uptick came as Wall Street analysts lifted their price targets following the tech giant's stellar first-quarter fiscal results. The optimism builds on the January 29 earnings release, which reported......
An AI-exclusive social platform resembling Reddit has surged to 1.4 million registered users within 72 hours of launch, drawing reactions from tech leaders who view it as either a glimpse of humanity's future or a brewing security disaster. Moltbook allows AI agents to post, comment, and vote on......
SpaceX and Elon Musk's xAI are negotiating a potential merger that could pave the way for the largest initial public offering in history, according to an exclusive Reuters report. The deal would unite Musk's aerospace powerhouse with his AI venture, folding the Starlink satellite network, the......
Siemens AG has overtaken SAP SE to become Germany's most valuable listed company, following a steep sell-off in the software giant's shares triggered by investor disappointment over its 2026 cloud outlook. SAP's stock plunged as much as 17 percent in session trading, trimming its market capitalization......
Microsoft's market capitalization plunged by $357 billion on Thursday, securing the second-largest one-day loss in stock market history. Investors punished the tech giant over slowing cloud growth and rising doubts about the returns from its massive artificial intelligence investments. The stock......
Amazon has announced plans to lay off 16,000 employees, marking its second major round of workforce reductions within three months. The move aims to streamline operations and boost agility as the company vies for dominance in the rapidly evolving artificial intelligence landscape. In a recent company......
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