Alphabet NASDAQ:GOOG has reportedly limited Meta's access to Gemini AI models, a sign that the AI infrastructure crunch is now hitting even the biggest technology companies.The Financial Times reported that Google has placed usage restrictions on several customers because of capacity constraints, w…
Baidu NASDAQ:BIDU shares listed in Hong Kong climbed about 5% on Monday after a media report indicated the company's artificial intelligence chip subsidiary, Kunlunxin, is pursuing a Hong Kong initial public offering that could value the business at roughly $50 billion.The report said Kunlunxin has…
Palantir Technologies NASDAQ:PLTR continues to maintain a strong position in the artificial intelligence software market despite increasing competition from large language model developers and data platform provide.UBS analyst Karl Keirstead reiterated a Buy rating on Palantir and set a $200 price…
Gold (GLD) moved lower toward $4,000 an ounce as investors weighed renewed US-Iran attacks in the Persian Gulf against the possibility of talks resuming this week. Spot gold fell as much as 1.2% after rising more than 2% across the previous two sessions, while oil initially climbed after a tanker c…
Apple NASDAQ:AAPL is lobbying the Trump administration for permission to source memory chips from ChangXin Memory Technologies, a Chinese supplier blacklisted by the U.S. government.The iPhone maker has approached the White House, Commerce Department and other administration officials in recent wee…
BT Group (BT.A) rose 0.86% in London trading after the British telecom group announced a 50/50 joint venture with Verizon Communications NYSE:VZ combining their international enterprise operations. Verizon will pay BT a $625 million equalisation fee to ensure equal voting rights in the new entity…
Bank of America NYSE:BAC technical strategist Paul Ciana is cautioning that U.S. equities could face a corrective phase in the third quarter. The bank's analysis suggests the powerful first-half rally may be losing momentum as stretched valuations and weakening indicators point to potential consoli…
British American Tobacco (BATS) fell 1.60% in London trading after the cigarette maker announced it is cutting almost one fifth of its global workforce, removing or outsourcing 9,000 jobs as part of a cost-cutting programme targeting 600 million in annual savings by 2028. Of the total, 5,500 roles…
Toyota Motor Corp. NYSE:TM posted another global sales decline in May as Middle East disruptions and fierce competition in China continued to pressure the world's top-selling automaker. Global sales, including Daihatsu, fell 7.4% from a year earlier to 885,207 units, marking Toyota's fourth straigh…
Verizon Communications NYSE:VZ and BT Group (BTGOF) have agreed to form a new joint venture combining their international businesses, creating a platform with about $4 billion in annual revenue. Under the deal, Verizon will make a $625 million equalization payment to BT, while both companies will h…
Google (GOOG, Financials) has reportedly limited Meta's access to its Gemini artificial intelligence models as demand for computing power continues to outpace available capacity, according to the Financial Times.The reported restrictions reflect a growing challenge across the AI industry. As compan…
Apple's rapid AI-driven spending cycle may be entering a more challenging phase as customers seek lower-cost alternatives and question returns on large technology investments.Bank of America said the surge in artificial intelligence spending has helped create unusually strong profit expectations ac…
Honda Motor NYSE:HMC is reportedly repurposing its Ohio battery plant to supply the fast-growing AI data center market after weaker-than-expected electric vehicle demand forced the automaker to rethink its strategy.According to Nikkei, Honda and South Korea's LG Energy Solution have started produci…
Palantir Technologies NASDAQ:PLTR climbed Friday after investment firm ARK Invest increased its position in the data analytics and artificial intelligence company, adding shares across several of its exchange-traded funds.The purchases totaled more than 30,000 shares and were spread across the ARK…