Latest Technology News
Tesla Plans $25 Billion Spending Boost for AI and Robots
Tesla announced plans to spend an additional $25 billion this year to fuel Elon Musk's AI ambitions and robotaxi development. Intel shares jumped after pledging support for Musk's Terafab advanced chip project. Tesla stock dipped 4% on weak Q1 car earnings despite the capex ramp.
China's DeepSeek Launches V4 AI Model Update
DeepSeek released preview versions of its V4 AI model, featuring pro and flash variants with major gains in knowledge, reasoning, and agentic capabilities. The V4 Pro Max outperforms OpenAI’s GPT-5.2 and Google’s Gemini 3.0-Pro on benchmarks, though slightly behind top versions. This escalates US-China AI rivalry following DeepSeek's market-shaking R1 model.
Meta Cuts 8,000 Jobs Amid AI Spending Push
Meta plans to lay off about 8,000 employees, or 10% of its workforce, starting May 20, to balance massive AI investments. This follows prior cuts in Reality Labs and thousands more over four years. The company reports earnings April 29.
Intel Shares Surge 22% on Strong Q1 Earnings
Intel reported Q1 revenue of $13.6 billion, up 7% year-over-year, beating expectations of a 2% decline. Q2 guidance projects $13.8-14.8 billion, exceeding analyst forecasts of $13.06 billion. Shares rose sharply in after-hours trading.
Blackstone's Jon Gray Calls AI Biggest Driver
Blackstone President Jon Gray highlighted AI as the single biggest driver for the firm's 'best year ever' amid IPO momentum. This comes alongside Tesla's AI spending news and semiconductor strength. Semiconductors are set for their best month since 2000.
Gartner: 80% of CEOs Expect AI to Overhaul Operations
A Gartner survey of 469 executives shows 80% of CEOs anticipate high-to-medium AI-driven changes to operational capabilities, shifting to autonomous business. Currently, 54% limit automation to specific tasks. Focus moves from digital to agentic AI.
Salesforce and Google Cloud Partner for AI Agent Data Sharing
Salesforce and Google Cloud connected platforms for AI agents to share data across systems, accessing Salesforce history and Google Workspace files seamlessly. This enables interoperable workflows like email drafting without manual switches. A key advance in enterprise agentic AI.
SAP Shares Jump 10% on Strong Q1 Cloud Revenue
SAP reported Q1 revenue of €9.56 billion, beating estimates, with cloud revenue up 19% to €5.96 billion. The results drove a 10% share price increase. Highlights ongoing enterprise software AI integration.
Microsoft Offers Voluntary Buyouts to 7% of U.S. Staff
Microsoft is providing voluntary buyouts to about 7% of its U.S. employees amid tech sector adjustments. This aligns with broader cost management in AI-heavy investments. Part of ongoing workforce optimization.
Braze Launches AI Decisioning Studio on Google Cloud
Braze introduced BrazeAI Decisioning Studio with EU hosting on Google Cloud, delivering customer results like 81% unsubscribe reduction at Cleo. Focuses on agentic platforms for marketing workflows. Includes integrations changing measurement and governance.
Cognizant and Google Cloud Build AI Retail Service with Gemini
Cognizant and Google Cloud created a Gemini-powered system for retailers to handle customer service, tracking inventory and answering queries in stores. It bridges digital and in-store experiences with real-time data. Enhances physical retail AI.