Ashraf Alkarmi will become the new CEO of Dropbox, succeeding co-founder Drew Houston.
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"If you're 22 years old in San Francisco and building something in AI, there may be a seed term sheet in your inbox — but if you're 19, oh my God, this means you're really good; you might already have a Series A [offer]," said one, half-kiddingly.
Broadcom (NasdaqGS:AVGO) is backing a record US$36b AI infrastructure financing tied to Anthropic and Google, acting as a payment backstop and credit anchor. The financing relates to AI chips and infrastructure, positioning Broadcom as both a technology supplier and a financial supporter of large scale AI deployments. Broadcom has also entered a partnership with FuriosaAI to co-develop next generation rack scale AI inference solutions that draw on its AI networking and advanced packaging...
Investing.com -- The Strait of Hormuz has emerged as a potential vulnerability for global internet infrastructure, with threats to undersea fiber-optic cables raising concerns among major technology companies and investors, according to a note from Yardeni Research.
Investing.com -- Meta Platforms, TikTok parent ByteDance, Snap, and Alphabet’s YouTube have agreed to pay roughly $27 million to settle claims brought by a Kentucky school district alleging their platforms contributed to a student mental health crisis, Reuters reported on Friday.
The ruling drew support from founders, while lawyers said it could force platforms to revisit how they handle trademarked keywords.
Michele Spagnuolo, the Google engineer accused of using company data to bet on Polymarket, had a long list of enviable accomplishments
Over Mother’s Day weekend, Andy Milheizler’s quiet Atlanta cul-de-sac was overrun with empty Waymo vehicles. Empty Waymo vehicles recently clogged an Atlanta cul-de-sac. The passengers in two Waymo vehicles in Atlanta last week were in a less-humorous predicament.
The pitch behind YieldMax Magnificent 7 Fund of Option Income ETFs (NYSEARCA:YMAG) is intuitive: own all seven Magnificent Seven names through a single ticker, collect a fat weekly distribution, and let YieldMax run synthetic covered calls in the background. YMAG bundles seven single-stock YieldMax sleeves on Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA, and Tesla into ... YMAG Bundles YieldMax’s Magnificent Seven Strategy Into One Ticker, And the NAV Decay Compounds Across All Seven
Mattel is a global toy and entertainment company behind brands like Barbie, Hot Wheels, and Fisher-Price, serving families worldwide.
By Diana Novak Jones May 29 (Reuters) - A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis,
The $37 billion AI run rate gives Microsoft a clearer monetization benchmark, while in-house models could help manage the cost of serving AI demand across Azure and Microsoft 365.
A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday. Meta agreed to pay the most at $9 million in the bellwether case for school districts, according to documents that reveal financial terms for the first time as terms of the deals had not been disclosed in court. The operator of Instagram, Facebook and WhatsApp settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following settlements by co-defendants Snap Inc, YouTube parent Alphabet and TikTok parent ByteDance.
Alphabet is a major SpaceX shareholder.
Wall Street traders are increasingly hedging exposure to Big Tech credit as hedging activity tied to AI-era borrowing surges, pushing outstanding credit default swap (CDS) volume to record levels. In a Wednesday post on X, The Kobeissi Letter stated that...
In the latest trading session, Alphabet Inc. (GOOG) closed at $376.43, marking a -2.51% move from the previous day.
In the latest trading session, Alphabet (GOOGL) closed at $380.34, marking a -2.51% move from the previous day.
The stock market hit fresh highs on Iran deal hopes. Nvidia, Tesla lead five trillion-dollar titans near buy points.
We just covered the Claude Stock Portfolio: Top 10 Stocks to Buy According to AI Chatbot. Broadcom Inc (NASDAQ:AVGO) ranks #1 (see Claude Stock Portfolio: Top 5 Stocks to Buy According to AI Chatbot). Number of Hedge Funds: 202 Broadcom Inc (NASDAQ:AVGO) is one of Claude’s top AI stock picks. The reasoning is straightforward: Claude […]
Eli Lilly is near an all-time high in Friday's stock market after a strong first-quarter report. Shares are below a 1133.95 pivot.
The world's biggest PC maker surged 109% in May after AI revenue hit 38% of quarterly sales. Goldman Sachs more than doubled its target.
Alphabet's Waymo will offer unsupervised public rides in California and Arizona with its purpose-built Ojai vehicle.
Apollo and Blackstone are seeking investors for a TPU-backed debt deal tied to Anthropic's AI infrastructure buildout.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
The people deciding that AI can replace your job are also the ones least likely to understand what your job truly involves, according to Box founder Aaron Levie, who pointed to this as an example of “AI psychosis.” Indeed, ClickUp recently cut 22% of its workforce for AI agents, tech layoffs in 2026 are already nearly matching all of 2025, […]
The company reported better-than-expected earnings but analysts are focused on the AI product pipeline.