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Exclusive-Alibaba plans to charge big users of its next open-source AI model, sources say
07 Aug 2026

Exclusive-Alibaba plans to charge big users of its next open-source AI model, sources say

Chinese technology giant Alibaba plans to ask major users of the next version of its Qwen open-source AI model for a share of revenue they make from the hotly anticipated offering, according to two people familiar with the company’s plans.
Meta ordered to pay $567 million in New Mexico for teen mental health fund

Meta ordered to pay $567 million in New Mexico for teen mental health fund

07 Aug 2026
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children’s wellbeing.
Trump's tech ties blamed for AI inaction by MAGA Republicans and Democrats

Trump's tech ties blamed for AI inaction by MAGA Republicans and Democrats

06 Aug 2026
In a rare show of bipartisanship, Democrats and Donald Trump’s conservative supporters both blame the president’s ties to the tech industry for his administration’s limited response to recent hacks carried out by OpenAI and Anthropic’s AI agents.
China launches cybersecurity review into Palo Alto Networks products

China launches cybersecurity review into Palo Alto Networks products

06 Aug 2026
China has launched a cybersecurity review of products sold in the country by U.S. company Palo Alto Networks, citing risks to critical information infrastructure and national security, the country’s cyberspace regulator said on Thursday.
SpaceX attracts retail buyers after post-earnings share slide

SpaceX attracts retail buyers after post-earnings share slide

05 Aug 2026
Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday. 
Etsy lays off 12% of workforce as part of restructuring plan
05 Aug 2026

Etsy lays off 12% of workforce as part of restructuring plan

Crafting marketplace Etsy Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," the company said in a U.S. Securities and Exchange Commission filing on Wednesday. 
UK regulator investigates whether Microsoft misled personal and family customers

UK regulator investigates whether Microsoft misled personal and family customers

29 Jul 2026
Britain’s antitrust regulator said it would investigate Microsoft over whether it misled personal and family customers when marketing subscription plans for its ever-popular Microsoft 365 product, resulting in them overpaying.
SoFi lifts 2026 revenue forecast as member growth, new loans hit records

SoFi lifts 2026 revenue forecast as member growth, new loans hit records

29 Jul 2026
Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations.
Hedge funds on track for another stellar year on AI boom

Hedge funds on track for another stellar year on AI boom

28 Jul 2026
Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman Sachs note sent to clients that was seen by Reuters.
Shein discloses FTC probe in US, warns of significant payments

Shein discloses FTC probe in US, warns of significant payments

28 Jul 2026
Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S. Federal Trade Commission and that it could face significant fines as a result, according to documents filed in connection with its planned Hong Kong IPO.
Trump set to expand power cost pledge on data centers
23 Jul 2026

Trump set to expand power cost pledge on data centers

President Donald Trump is set to unveil on Thursday a pledge backed by governors, lawmakers, utilities and data center developers aimed at shielding households from electricity costs tied to the AI boom, as he pushes to make the United States the global leader in artificial intelligence.
Google increases capex forecast again after cloud-driven quarterly beat

Google increases capex forecast again after cloud-driven quarterly beat

23 Jul 2026
Alphabet on Wednesday reported its best-ever quarter of growth for its cloud computing division, but faced investor scrutiny after concerns about continued delays to its flagship AI model were aggravated by a $15 billion increase in capital spending plans for 2026.
IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spending

23 Jul 2026
IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.
As Musk pivots beyond cars, Tesla’s autos engine is under strain

As Musk pivots beyond cars, Tesla’s autos engine is under strain

23 Jul 2026
As Elon Musk pivots to robots and AI, he wants investors to stop thinking of Tesla as simply an automaker.
Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy

Hyundai Motor Group to own Boston Dynamics in full with SoftBank stake buy

16 Jul 2026
Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10%, a move it said would help it deploy advanced robotics across its operations.

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