Big Tech Earnings Week Opens as AI Spending Comes Under Scrutiny
The most closely watched earnings week of the year opens July 29, when Apple, Microsoft, Meta and Amazon report quarterly results within 48 hours of each other. The four companies,…
Lyft and Baidu Apollo Launch Robotaxi Trial in London
London became the newest front in the global robotaxi race on July 28, when Lyft and Baidu’s Apollo unit began a public trial of driverless ride-hailing in the city. The…
Broadcom Signs $200 Billion AI Chip Pact With Samsung Through 2030
Broadcom said July 28 it has signed a $200 billion agreement with Samsung to supply AI chips and manufacturing services through 2030, covering high-bandwidth memory and foundry work. The deal…
SpaceX Shares Halve From IPO High as Cursor Deal Draws Investor Doubt
SpaceX’s stock has fallen about 50% from its post-IPO peak, wiping out roughly $1.2 trillion in market value, as investors question the company’s $60 billion acquisition of the AI coding…
Altman Declares AI Has Reached ‘Singularity’ as OpenAI Agent Attack Stirs Alarm
Sam Altman used a long essay on July 28 to declare that artificial intelligence has entered what he called the singularity, a state in which systems begin improving themselves. The…
EU Fines Google About $1 Billion Under Digital Markets Act
The European Union fined Google approximately $1 billion on July 28 for violating the Digital Markets Act, the bloc’s flagship competition law, in its Google Play app store and search…
Microsoft Unveils Cyber-Security AI Model as Nadella Warns on Single-Vendor Bets
Microsoft released its first dedicated cyber-security AI model on July 28, entering a corner of the AI market that has been dominated by startups and defense contractors. The model, called…
Meta and BlackRock Team Up on El Paso Data Center Campus
Meta said July 28 that it will develop a data center campus in El Paso, Texas, with funds managed by BlackRock, a structure that lets the social media giant build…
Amazon to Cut 16,000 Corporate Jobs as AI Automation Takes Over More Work
Amazon plans to cut 16,000 corporate positions, its largest workforce reduction of 2026, according to people familiar with the matter. The layoffs will hit a range of corporate functions rather…
NVIDIA Shares Slide 5% as China Chip Anxiety and Big Capital Moves Converge
NVIDIA shares fell 5% on July 28, their steepest one-day drop in six months, erasing roughly $250 billion in market value. The selloff had a trigger, a backdrop and a…
