Sandisk, Micron, Seagate and Western Digital were among the top stocks of early 2026 but have dropped to the S&P 500’s bottom 10% since July, Bloomberg reported. Western Digital fell even after beating forecasts. Investors doubt how long debt-funde…
BNY has built tools to track how it spends AI tokens and to route tasks to the most suitable models, CFO Dermot McDonogh told Bloomberg Television. The bank runs about 400 AI agents and spends $4B a year on technology. Banks are under pressure as AI bi…
A US federal judge has temporarily blocked a Pentagon rule that could cost companies their defence contracts if they share lobbyists with Alibaba, Reuters reported. The California court granted Alibaba’s request for an injunction on Monday while its le…
Apple has acknowledged a fault with the inner screen of some iPhone Duos. It says affected owners can get a replacement through AppleCare. Apple gave the same statement to several outlets on Monday, including CNBC, where Kif Leswing and MacKenzie Sigal…
Marissa Mayer has defended using her startup’s AI assistant to describe her own daughter, after a New York Times profile drew a wave of criticism online. The former Yahoo chief executive told Alexandra Alter of The New York Times that her daughter’s te…
Johnny Rodgers, one of Slack’s original eight team members, has written a first-hand account of Slack’s first two years inside Salesforce. It quotes Stewart Butterfield, Slack’s co-founder and former chief executive, throughout. Rodgers spent 11 years …
Shares in CoreWeave, Nebius and Iren fell in early trading on Monday after Elon Musk wrote that most neoclouds will not survive. All three rebounded later in the day, as Arjun Kharpal reported for CNBC. Neoclouds rent out AI computing power, mostly Nvi…
Verizon CEO Dan Schulman said SpaceX would need up to $500B, up to 80,000 cell towers and as many as eight years to build a US mobile network that matches Verizon’s, Business Insider reported. Elon Musk replied on X that it “will take 2 or 3 years“. Sp…
Audi is recalling 9,048 Q4 e-tron and Q4 Sportback e-tron SUVs in the US because their batteries could catch fire above 80% charge, an NHTSA filing shows. The cells come from SK On’s plant in Hungary. It follows VW’s recall of 22,524 ID.4s over the sam…
Authentic Brands Group and other owners of Elvis Presley’s catalogue filed a copyright lawsuit against Anthropic on Friday. They want about $41.1m from the company behind Claude, or $150,000 for each of 274 songs. Billboard first reported the suit. The…