Microsoft President Brad Smith has warned that the Trump administration's move to restrict green card access for skilled foreign workers could damage the technological competitiveness of the United States and push talented individuals to pursue opportunities elsewhere. In an interview, Smith also pushed back against accusations from Vice President JD Vance that Microsoft had abused …
The cost of protecting against defaults among United States technology companies has climbed to record highs, offering the clearest signal yet that credit stress is building within the artificial intelligence trade, particularly for data centre operators whose business models depend heavily on future revenue materialising as expected. Hotter than anticipated inflation figures, combined with growing …
TSMC, the world's largest manufacturer of advanced semiconductors, struck a cautious note regarding its outlook for 2027 on Thursday, citing macroeconomic uncertainties that temper an otherwise exceptionally strong performance. The company reported a sixth consecutive quarter of record profit, driven by robust demand tied to artificial intelligence, but signalled that it would not allow optimism …
Google DeepMind and Google Cloud, the cloud computing arm of Alphabet, have announced that they will provide up to two hundred European scientific researchers with direct access to their frontier models, alongside three million dollars in compute credits. The announcement, made on Wednesday, marks a significant expansion of the technology giant's engagement with the European …
Wall Street banks are increasingly investing in artificial intelligence while financing the infrastructure that supports its rapid development. However, the growing AI boom is creating a complex set of financial, operational, and cybersecurity challenges for major lenders. As technology companies commit billions of dollars to computing infrastructure, banks see opportunities to expand their lending and …
OpenAI has accused a former employee who joined Apple of transferring more than 100 files related to an unreleased product to a personal account and later presenting information about the product to senior Apple executives. The allegations, detailed in a new court filing in California, have intensified an ongoing legal dispute between the two technology …
The International Monetary Fund (IMF) has raised its growth forecast for the UK economy in 2026 to 1.3%, up 0.3 percentage points from its July projection, while urging the government to continue its efforts to strengthen public finances. Silvana Tenreyro, the IMF’s economic counsellor, said the UK stood out among G7 economies for having a …
Amazon confirmed on Friday that it is reshuffling leadership within its Alexa division, just one day after unveiling its first tablet computers featuring the voice assistant. Daniel Rausch, a seventeen-year Amazon veteran who has served as vice president of Alexa and Echo for more than three years, is stepping away from the unit next month, …
A contractor associated with Super Micro Computer has pleaded guilty to participating in a scheme to illegally divert advanced Nvidia AI servers from the United States to China, bringing renewed attention to the enforcement of export controls on high-performance computing technology. Ting-Wei “Willy” Sun entered his guilty plea in a federal court in Manhattan on …
Firmus, an Australian data centre operator backed by Nvidia and several prominent investment firms, has abandoned its planned $5 billion initial public offering, highlighting growing investor concerns about the financial risks, valuations and long-term sustainability of the artificial intelligence industry. The decision, announced on October 9, 2026, marks a significant setback for the company and …
Telecom shares across the United States and Europe fell sharply on Friday after SpaceX agreed to acquire a nationwide low-band spectrum portfolio, a move that investors interpreted as a direct challenge to the established wireless carriers that have long dominated mobile connectivity. The selling was broad and immediate. T-Mobile US, Verizon and AT&T each dropped …
Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, has reported record revenue for the third quarter of 2026, exceeding market expectations as demand for artificial intelligence applications continues to fuel rapid growth across the semiconductor industry. The company generated approximately T$1.49 trillion, or $46.71 billion, in revenue between July and September, marking a 50% …
Italy’s antitrust authority has launched an investigation into several Microsoft-owned gaming companies over the way virtual currencies are used and presented to consumers, bringing renewed scrutiny to how digital purchases are handled across the video game industry. The investigation is part of a wider European Union effort to examine whether gaming companies provide enough transparency …
Artificial intelligence is beginning to reshape the way pharmaceutical companies evaluate experimental medicines, with AI virtual drug trials emerging as a potential tool for identifying clinical risks before costly studies involving real patients begin. The technology is being explored by drugmakers and specialized AI companies as the industry looks for ways to reduce the number …
