Technology
- Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
- Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
- iPhone 17 will drive record Apple shipments in 2025, IDC says - Apple will ship 247.4 million iPhones in 2025, up just over 6% year-on-year, research firm IDC forecast.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
- Marvell to acquire Celestial AI for as much as $5.5 billion - The deal is an aggressive move for Marvell to acquire complimentary technology to its semiconductor networking business.
- Okta beats third-quarter earnings expectations - Okta said its benefitting from artificial intelligence widespread product adoption
- Amazon to use Nvidia tech in AI chips, roll out new servers - Amazon.com's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to get major AI customers using its services. AWS
- OpenAI is under pressure as Google, Anthropic gain ground - Sam Altman reportedly sent a memo to his staffers outlining a "code red" effort to improve ChatGPT.
- YouTube's new AI deepfake tracking tool is alarming experts and creators - A YouTube tool that uses creators' biometrics to remove AI-generated videos also allows Google to train its AI models on that sensitive data, experts told CNBC.
- Nvidia-backed $4 billion AI startup announces major London expansion - U.S.-based Luma AI is targeting 200 hires in the U.K. by early 2027 as a wave of North American tech companies eye European growth.