Latest Technology News
Tesla Boosts Spending Plan to $25 Billion in AI and Robotics
Tesla anticipates billions of dollars in additional spending this year to invest as much as $25 billion in AI and robotics. The company cited EV demand recovery as profit topped expectations.
However, analyst Stephanie Brinley of S&P Global Mobility noted a lack of clarity in Tesla's basic capacity plans.
Agentic AI Becomes Dominant Theme in Enterprise Software
The acceleration of agentic AI—systems that autonomously act rather than just analyze or recommend—is reshaping the enterprise technology landscape. Recent launches including DOJO AI's $6M seed round, GoodData's Agent Builder, and AWS's new Bedrock AgentCore features signal a shift from dashboards and tools operated by humans to AI agents operating on behalf of humans.
SK Hynix Profit Jumps on Soaring AI Memory Chip Prices
SK Hynix reported strong first-quarter results driven by surging AI memory chip prices, while Samsung hit record highs. The gains contributed to Korean stocks reaching record levels amid AI optimism.
S&P 500 Hits Fresh Record Led by Chipmakers
The S&P 500 reached a fresh record high, with chipmakers leading the gains despite US equity futures falling earlier in the session. The rally reflects investor confidence in AI-driven semiconductor demand.
Companies Plan to Allocate 5-20% of Tech Budgets to AI
According to Bain & Company's latest Tech Services Buyer Survey, three in four surveyed executives expect at least 5% to 10% of tech spending to focus on AI/ML in 2026. Retail, institutional banking, and oil and gas sectors plan even more aggressive investments, with significant portions dedicating more than 20% of tech budgets to AI.
TSMC Says ASML's Latest Chipmaking Machines Are Too Expensive
TSMC announced that ASML's most cutting-edge chipmaking machines, which cost upwards of €350 million ($410 million), are too expensive to deploy immediately. The company plans to hold off on deploying them until at least 2029 to save money, dealing a blow to Europe's most valuable company.
Boeing Accelerates AI Use for Next-Generation Airplane Development
Boeing announced that expanding the use of Artificial Intelligence will be an important part of developing its next new airplane. The company views AI as central to the precipice of an absolute technology revolution in aerospace.
Starbucks Establishes Global Tech Hubs to Cut Costs
Starbucks is hunting for new technology worker locations, including potentially international cities, after recently announcing a new Tennessee office. The company is looking to reduce tech costs further after already cutting spending by $100 million in the last 90 days, with about 270 technology positions—or 20% of its current tech labor force—moving to Nashville.
Oil Climbs Above $100 per Barrel Amid Iran Tensions
Brent crude rose above $100 a barrel as tensions surrounding the Strait of Hormuz mount. The White House is waiting for Iran's peace deal proposal but has not set a deadline for submission.
Persistent Systems Maintains $2 Billion Revenue Target Despite AI Disruption
Despite macro uncertainty and AI disruption weighing on demand, Persistent Systems remains on track to achieve its $2 billion revenue target in FY27, implying 15% year-on-year growth. CEO Sandeep Kalra emphasized the importance of identifying new opportunities AI creates rather than focusing only on deflation in existing work.
SoftBank Seeks $10 Billion Margin Loan Backed by OpenAI Shares
In a breaking development, SoftBank is seeking a $10 billion margin loan backed by OpenAI shares. This move reflects growing investor appetite for financing secured by high-value AI company stakes.
IBM Posts In-Line Software Sales but Fails to Quell AI Concerns
IBM reported software sales that met expectations; however, the results were insufficient to address ongoing investor concerns about the company's AI strategy and competitive positioning.