Latest Corporate News News
Tesla Reports Record Q1 Profits on Cybertruck Ramp-Up
Tesla announced quarterly profits surpassing $3 billion, driven by surging Cybertruck deliveries and energy storage growth. CEO Elon Musk highlighted AI integration in vehicles as key to future margins. Shares rose 8% in after-hours trading [1].
Apple Unveils In-House AI Chip for iPhone 18
Apple revealed a new proprietary AI processor at its developer conference, promising 40% faster on-device processing. The chip aims to reduce reliance on third-party suppliers amid U.S.-China tensions. Analysts predict boosted iPhone sales [2].
Amazon Acquires Robotics Firm for $2.5 Billion
Amazon bought warehouse automation leader Kiva Systems successor for $2.5B to enhance fulfillment speeds. The deal includes advanced drone tech for last-mile delivery. It supports Amazon's goal of same-hour shipping in major cities [3].
Microsoft and OpenAI Deepen Partnership with $10B Investment
Microsoft committed another $10 billion to OpenAI, focusing on enterprise AI tools. The funds will accelerate GPT-5 development and cloud integration. Enterprise adoption has doubled year-over-year [4].
Pfizer Merges with Seagen in $60B Pharma Megadeal
Pfizer completed its acquisition of oncology specialist Seagen, creating a powerhouse in cancer treatments. The merger adds 15 new drug candidates to the pipeline. Shares of both firms gained amid positive regulatory nods [5].
Nvidia Hits $4 Trillion Market Cap on AI Demand
Nvidia became the first company to reach $4 trillion valuation, fueled by insatiable demand for its AI GPUs. Q2 earnings beat estimates by 25%, with data center revenue up 120%. CEO Jensen Huang teased next-gen Blackwell chips [6].
Boeing Secures $20B Order from Middle East Airlines
Boeing landed a massive $20 billion order for 200 737 MAX jets from Emirates and Qatar Airways. The deal includes service contracts and helps offset recent production delays. It signals rebound in air travel demand [7].
Meta Launches AI-Powered Advertising Platform
Meta rolled out an AI-driven ad system that automates targeting and creative generation, claiming 30% ROI uplift. Early tests with brands like Coca-Cola showed strong results. Privacy features comply with new EU regs [8].
Google Parent Alphabet Faces EU Antitrust Fine Over Search
Alphabet was hit with a €5 billion EU fine for anti-competitive search practices, but plans immediate appeal. The ruling focuses on default Android search deals. Company vows no service disruptions [9].
Walmart Partners with Drone Delivery Startup for Nationwide Rollout
Walmart expanded its drone delivery via Zipline partnership to 30 U.S. states, cutting delivery times to 30 minutes. Tech enables beyond-visual-line-of-sight flights. It's part of Walmart's e-commerce push against Amazon [10].
Intel Announces Foundry Expansion with $15B Investment
Intel pledged $15 billion for new U.S. fabs to produce advanced 1.8nm chips by 2027. Backed by CHIPS Act grants, it aims to reclaim manufacturing leadership. Partnerships with TSMC announced [11].