[BIG TECH]

IBM shares plummeted 25% on Tuesday following preliminary second-quarter earnings that missed analyst expectations, marking the company's worst trading day since the 1987 stock market crash.

Nokia's stock surge is forcing investors to reassess the Finnish company as an infrastructure beneficiary of the AI boom rather than a legacy telecom-equipment maker.

Stripe and private equity firm Advent International have jointly offered $60.50 per share to acquire PayPal, representing a 28% premium to Tuesday's closing price and valuing the payments company at over $53 billion.

X's product head Nikita Bier acknowledged Monday that a broken algorithm stripped visibility from posts shared among mutual followers, making the platform feel combative. The company says it's implementing a fix to boost content distribution among connected users.

Microsoft's latest patch Tuesday brings new update flexibility to Windows 11, allowing users to pause updates for up to 35 days and repeatedly extend the deadline.

The UK government plans to implement an overnight curfew on social media apps for 16- and 17-year-olds by default. The proposal also requires platforms to disable addictive features like auto-play and infinite scroll.

X has adjusted its algorithm to boost post visibility among mutual followers—users who follow each other back—in an effort to reduce hostile interactions in reply sections.

New York Governor Kathy Hochul signed an executive order Tuesday establishing a one-year moratorium on new artificial intelligence datacenters, making the state the first in the nation to impose such restrictions on the power-intensive facilities.

Spotify is rolling out Talk to Spotify, a new voice-controlled feature that lets users create playlists and perform other actions hands-free. The beta feature is available to Premium subscribers aged 18+ in the US, Ireland, and Sweden.

Iranian President Masoud Pezeshkian has ordered the reopening of international internet access after nearly three months of restrictions, according to state media reports.

Apple filed a high-profile lawsuit against OpenAI in Northern California federal court, accusing former Apple employees of stealing trade secrets to benefit the AI company. The legal action targets OpenAI's hardware initiatives.

The European Commission approved €659 million in state aid for four first-of-a-kind semiconductor facilities in Germany. The investment aims to reduce EU dependence on foreign chip makers.

New York Governor Kathy Hochul signed a moratorium blocking permits for hyperscale data centers exceeding 50MW for up to one year, making New York the first state to implement such restrictions.

Elon Musk's xAI has installed significantly more gas turbines without federal permits at its Colossus 2 data center in Tennessee than publicly acknowledged. The unpermitted installations disproportionately impact Black neighborhoods near the facility.

Uber Technologies is pursuing an acquisition of German food-delivery company Delivery Hero SE, according to sources familiar with the negotiations. The deal would expand Uber's presence in the competitive food-delivery market.

X has updated its algorithm to prioritize replies from people you already follow in comment sections. The change gives followers' responses higher visibility in the reply feed.

KeyBanc Capital Markets downgraded Apple to underweight, delivering a rare bearish call on the tech giant. The firm cited demand risks and valuation concerns as key drivers.

IBM reported preliminary second-quarter sales below expectations, prompting CEO acknowledgment of underperformance. The company attributed the shortfall to customers prioritizing spending on chips and servers driven by AI demand.

UK Chancellor Rachel Reeves has instructed cabinet ministers to prioritize British companies for government procurement in ships, steel, energy, and AI. The directive comes amid frustration that too much public spending is going to foreign firms.

Apple has released the macOS 27 Golden Gate public beta, bringing a more subtle take on the Liquid Glass design language to M-series Macs. The public beta reaches parity with the third developer beta, offering a stable testing ground for users.

Google has purchased all electrical output from a major solar project to offset emissions from its data centers. The deal represents the company's latest effort to reach carbon-neutral operations.

State Street Global Markets plans to continue purchasing technology stocks during market dips, citing stabilizing analyst expectations and institutional investor positioning as key drivers.

India's antitrust regulator has fined HP's Indian unit 1.27 billion rupees ($13.3 million) for colluding with resellers to rig prices in government procurement tenders.

Sam Altman accused Elon Musk of overselling space-based data centers to public investors, a critique that aligns with widespread expert doubt about the technology's near-term viability.

Successful tech entrepreneurs are re-entering the startup fray, driven by fear of missing artificial intelligence's transformative moment and the prospect of substantial financial gains.

A controversial California bill may restrict the infinite scroll feature on social media platforms. The legislation targets design patterns that critics argue encourage excessive teenage use.

SoftBank founder Masayoshi Son identified nuclear fusion as the most viable solution for powering the massive energy demands of future AI data centers.

Huawei and Apple expanded their shipments in China's smartphone market during Q2, as falling memory chip costs boosted profitability for premium device makers, according to IDC data.

X has updated its feed algorithm to amplify posts from mutual followers, aiming to create a more communal experience on the platform. The change marks a shift away from the contentious dynamics that have characterized the social network.

Uber's Chief Product Officer Sachin Kansal outlined the company's strategic priorities, including hotels, robotaxis, and financial services, while clarifying that Uber has no intention of becoming an all-encompassing platform.

Ericsson AB is relocating its global headquarters from Kista, a suburban tech hub, to central Stockholm after more than 20 years. The move signals a shift in the Swedish telecom giant's strategy and reflects broader changes in Europe's tech landscape.

Prime Minister Modi and Vietnamese leader Lam agreed to strengthen economic and defense partnerships. The move comes as both nations navigate regional tensions in the Middle East.

Huawei's clean energy division is scaling beyond China, positioning the telecom giant as a major player in the global energy transition. The $11 billion operation quietly built backbone infrastructure for renewable power systems worldwide.

OnePlus and parent company Oppo plan to announce the smartphone brand's withdrawal from US and European markets in the coming days, according to reports. The move concludes months of speculation about OnePlus's future.

Apple released the first public beta of iOS 27 today, featuring enhanced Siri capabilities. The update prioritizes performance improvements and bug fixes over new features.

Apple has sued OpenAI, alleging systematic theft of intellectual property. The legal action could derail the AI company's efforts to develop hardware that competes with the iPhone.

Cloudflare introduced Precursor, a new security platform designed to identify and mitigate vulnerabilities before they're exploited. The tool aims to help developers proactively manage application security risks.

SpaceX has received clearance to resume Starship test flights following a booster failure in May. The upcoming launch marks the company's first test flight as a publicly traded company.

Apple has surged $600 billion in market value as investors shift away from artificial intelligence-focused stocks. The rally reflects growing caution about AI spending among chipmakers and cloud-computing firms.

Scotland's incentives for 'green datacentres' fail to account for the carbon footprint of AI workloads, according to analysis by Action to Protect Rural Scotland. The policy definition, created in 2022 before ChatGPT's release, does not address the substantial emissions generated by AI operations.

The European Union is considering sweeping restrictions on young people's social media access, including potential age limits and outright bans. European Commission President Ursula von der Leyen said new legislation could be proposed within months.

Meta is committing an additional $40 billion to its Louisiana data center campus, bringing total expected investment beyond $250 billion as the company expands its AI computing infrastructure.

Washington is considering restrictions to prevent Chinese companies from using American AI models to train their own systems, reviving longstanding debates over tech export controls and intellectual property.

MiniMax Group Inc.'s stock plummeted following JPMorgan Chase's second price target reduction in under a week. The downgrade cites value dilution concerns from the Chinese AI model maker's recent fundraising round.

Hyundai Motor workers launched a three-day partial strike Monday, demanding higher bonuses and job protections against AI and robotics displacement. The move follows recent wage gains at semiconductor competitors.

The White House is requiring its official app to be installed on all government employee devices, according to reports. The mandate covers federal workers across agencies.

Netflix confronts investor concerns as subscriber growth plateaus. The streaming giant must demonstrate its ability to maintain momentum in an increasingly competitive market.

Google's I/O 2026 Search redesign, which replaced traditional blue links with AI agents, has triggered significant user exodus. DuckDuckGo installations surged 30% as customers reject the new direction.

The Guardian's global tech team is shifting from covering digital phenomena to investigating physical infrastructure, examining how massive datacentres powering the AI boom are reshaping technology journalism.

Local opposition to artificial intelligence data centers is intensifying across the U.S. as communities worry about power grid strain and environmental impacts from the rapid buildout.

Attorney Mark Lanier secured a major courtroom victory against tech giants Meta and Google, proving the companies deliberately created "addiction machines" that harm mental health. The case centered on young plaintiff Kaley and her experience with social media platforms.

Microsoft, Amazon and Google's combined carbon emissions jumped nearly 20% in the past year, reaching 119 million metric tonnes of CO₂ equivalent—roughly a third of France's total output. The spike is driven primarily by rapid datacentre construction.

The European Commission plans to introduce new digital regulations by year-end to protect consumers from deceptive online spending practices. EU Justice Commissioner Michael McGrath announced the initiative as part of broader efforts to strengthen social media safeguards.

SK Hynix, Nvidia's largest RAM supplier, raised $26.5 billion in its Wall Street IPO Friday, becoming the largest foreign company debut on record. The South Korean chipmaker opened at $170 per share.

Malaysia is implementing an age verification requirement for social networks effective June 1, prohibiting users under 16 from accessing major platforms.

Chancellor Rachel Reeves will announce a new 'skills compact' on Tuesday committing major financial firms to retrain thousands of workers for the AI era. The initiative targets companies including Barclays and Lloyds.

Johannes Heidecke, OpenAI's head of safety, is leaving the company following an internal reorganization. The departure marks a shift in the AI firm's safety leadership structure.

Netflix is reportedly developing always-on live channels to address slowing subscriber engagement. The move would offer users continuous content streams without traditional on-demand selection.

Netflix has broadened its content offerings to include video games, live sports, podcasts, and YouTube videos alongside its traditional shows and movies. The expansion marks a significant shift for the platform, which historically focused on on-demand entertainment.

The FCC is cracking down on companies allegedly created by DJI to circumvent the U.S. foreign drone ban. Firms like Xtra and Skyrover have been selling DJI products under different brand names to avoid regulatory restrictions.

Microsoft has announced significant layoffs across its Xbox division as part of a broader restructuring effort. The Engadget Podcast examines the implications with industry analyst Mike Futter.

Apple filed a lawsuit against OpenAI, alleging the AI startup and its hardware chief orchestrated a coordinated campaign to steal confidential information about unreleased products. The complaint claims OpenAI encouraged poached Apple employees to share trade secrets including prototypes, drawings, and supplier details.

Microsoft's Xbox division eliminated 1,600 positions this week, with another 1,600 cuts scheduled over the next 12 months. The staggered layoffs have left remaining staff uncertain about their future at the company.

Disney Plus is considering a free streaming tier that would offer some content at no cost, according to Business Insider. The company's chief product and technology officer mentioned the concept during a Thursday town hall.

Meta is pursuing author Sarah Wynn-Williams for breaking a non-disclosure agreement, but the aggressive legal action is reinforcing perceptions of the company as a bully. Meanwhile, the EU is pressuring Meta to disable auto-play and infinite scroll features or face substantial fines.

Instagram head Adam Mosseri said the platform won't filter out AI-generated content, but users should be able to control what appears in their feeds. He emphasized transparency over removal.

The European Commission has determined that Facebook and Instagram's design features violate the Digital Services Act, citing their addictive nature as a breach of EU regulations.

Singapore-based Datagrid has secured approval to build a NZ$3.5bn AI datacentre in Makarewa, southern New Zealand, but residents are demanding greater transparency over environmental concerns.

Major European software companies including SAP, Capgemini, Nemetschek, Hexagon, and Dassault reported better-than-expected earnings this season, defying concerns about AI disruption and geopolitical uncertainty.

Microsoft's carbon emissions jumped 25 percent last year to 34 million metric tons, according to the company's 2026 sustainability report. The increase threatens the tech giant's climate commitments.

Standard Chartered CEO Bill Winters apologized for describing employees facing AI-driven layoffs as "lower-value human capital." The comments sparked regulatory scrutiny and union backlash as the bank prepares to cut approximately 7,800 jobs.

Elon Musk testified for three days this week in his lawsuit against OpenAI, with courts examining communications that underscore his central claim: Sam Altman betrayed the company's nonprofit mission by converting it to a for-profit model.

Nvidia's dominance in AI compute has created a lucrative marketplace that now attracts competitors worldwide. The company that proved compute's value now struggles as simpler technologies and less prominent rivals capture market share.

A critical analysis highlights inconsistencies in Google's recent antigravity research announcements. The examination, gaining traction in tech circles, questions the methodology and claims behind the company's gravity-related initiatives.

Recent earnings from Amazon, Microsoft, and Meta have prompted analyst optimism about the technology sector's near-term prospects, according to DA Davidson Managing Director Gil Luria.

Artificial intelligence takes center stage at Allen & Co's annual summit as top tech leaders including Tim Cook, Jeff Bezos, and Bill Gates convene to discuss the industry's future.

SpaceX's anticipated initial public offering marks a pivotal moment for space-based infrastructure as companies race to build out AI computational networks. Industry experts gathered on Bloomberg Television to discuss implications for the broader tech investment landscape.

Furniture and home goods retailer Wayfair is integrating artificial intelligence across its platform to enhance customer experience and streamline internal operations. CFO Kate Gulliver outlined the strategy in a recent Bloomberg interview.

Despite Texas's pro-business reputation, local groups are mobilizing to block AI data center projects as global investors pour billions into infrastructure expansion.

X will send direct messages to users when posts they've liked, replied to, or reposted receive Community Notes corrections. The feature aims to make the platform's crowdsourced fact-checking system more visible and timely.

A US judge has signed off on Elon Musk paying $1.5 million to settle an SEC lawsuit over his failure to disclose his growing Twitter stake in 2022. The judge approved the deal despite expressing reservations about its fairness.

Investment executive Ross Gerber warned that Nvidia's competitors should be concerned as artificial intelligence and space technology converge. Meanwhile, Nvidia retired its GeForce Control Panel after two decades.

Major technology companies are borrowing heavily to fund artificial intelligence infrastructure, potentially exceeding the capacity of investment-grade bond markets, according to Barclays analysis.

Bank of America reversed course to extend a $520 million credit line to OpenAI, signaling renewed confidence in the AI company as it prepares to launch its most advanced model.

Google is expanding Gemini's reach across smart home devices by making it easier for manufacturers to build Gemini-powered products. The company also rolled out AI-powered camera automations that let Gemini trigger routines based on what your home security cameras detect.

Meta is introducing a new feature to prevent secret recordings with its AI glasses, yet continues expanding personal data collection across its AI products.

China plans to allow select AI companies to purchase limited quantities of Nvidia's H200 chips, marking a potential relaxation of US technology export controls.

Amazon is working on Project Moonraker, an upgraded Alexa assistant designed to handle complex, multi-step tasks more effectively. The initiative signals Amazon's push to make its voice assistant more capable and autonomous.

Microsoft announced sweeping layoffs across its Xbox division, eliminating 1,600 positions immediately with another 1,600 cuts planned next fiscal year. The company is also closing four game studios as Xbox leadership acknowledges the business is "not healthy."

Google's upcoming Pixel Watch 5 could see significant price increases across the lineup, according to leaked pricing data. The base model may cost $399 for Wi-Fi and $499 for LTE.

SK Hynix, the world's second-largest memory chip maker, is pursuing a $28 billion listing on Nasdaq. The IPO prospectus reveals significant concentration in high-bandwidth memory (HBM), substantial China exposure, and workplace safety concerns.

Nvidia has lost approximately $1 trillion in market capitalization over the past two months, declining 16% from its May peak. The chipmaker now trades at 18x forward earnings, its lowest valuation since 2019.

Proposed legislation may require autonomous vehicles to use multiple sensor types like lidar and radar, potentially excluding Tesla's vision-only technology. The move signals a regulatory shift in the decade-long debate over autonomous vehicle safety standards.

DuckDuckGo has added video ad blocking to its browser, including ads on YouTube that play before and during videos. The feature is enabled by default.

The US government is moving to limit American companies' adoption of Chinese-made AI models, which firms have increasingly turned to for cost savings. The push reflects broader concerns about technology dependencies and national security.

France's competition authority has mandated that Meta engage in good faith negotiations with news organizations over copyright payments. The order follows complaints from two groups alleging the social media giant abused its dominant market position.

X is rolling out a built-in video editor and recorder for iOS users, featuring multilingual captions, green-screen effects, and other editing tools. The move aims to encourage creators to produce original content rather than repost stolen material.

Manus co-founders are exploring options to buy back the Chinese-founded AI company from Meta, including raising approximately $1 billion from external investors to satisfy Beijing's demand to reverse the acquisition.

A study found that 50 test accounts created across nine platforms in Australia were never asked to verify age, despite new laws requiring social media bans for under-16s.

Meta is rolling out a software update for its smart glasses that automatically disables the camera if the device detects tampering with the privacy LED light. The move addresses growing concerns after users began physically modifying the indicator.