Eric Trump and Donald Trump Jr. have backed a $1 billion investment network targeting industries heavily promoted by President Donald Trump‘s administration, including artificial intelligence, drones and cryptocurrency.
The Donald Trump administration is reportedly inviting several tech and business leaders to accompany the President on his trip to Beijing next week.
U.S.-based employers announced 83,387 job cuts in April, up 38% from March, according to a report released Thursday by Challenger, Gray & Christmas.
U.S. authorities intensified scrutiny of AI chip supply chains after prosecutors alleged that a Thailand-linked network diverted Super Micro Computer, Inc. (NASDAQ:SMCI) servers containing advanced NVIDIA Corp. (NASDAQ:NVDA) chips to China, with Alibaba Group Holding Limited (NYSE:BABA) identified as one of several alleged end customers.
The European Union (EU) is reportedly considering implementing regulations that would limit its member governments' use of U.S. cloud providers for managing sensitive data.
The White House and Pentagon are taking opposing positions on whether federal agencies should use Anthropic’s artificial intelligence systems, escalating a dispute over national security risks and government access to advanced AI tools.
Earnings Snapshot
Innodata Inc. (NASDAQ:INOD) reported first-quarter results that topped Wall Street estimates and raised its full-year 2026 revenue outlook.
Cloudflare Inc. (NYSE:NET) reported a strong first-quarter revenue beat but simultaneously announced it will cut roughly 20% of its global workforce as the web infrastructure giant fundamentally restructures its operations around artificial intelligence (AI).
Advanced Micro Devices Inc (NASDAQ:AMD) posted first-quarter revenue of $10.25 billion, beating analyst estimates of $9.89 billion. The chipmaker reported adjusted earnings of $1.37 per share for the quarter, beating estimates of $1.29 per share, according to Benzinga Pro.
Snap Inc. (NYSE:SNAP) reported first-quarter results and disclosed that it had ended its relationship with AI search startup Perplexity AI.
Datadog Inc. (NASDAQ:DDOG) reported first-quarter results that topped Wall Street expectations, driven by rising demand for artificial intelligence-enabled cloud security products.
IonQ Inc (NYSE:IONQ) reported first-quarter revenue of $64.67 million, beating analyst estimates of $49.73 million. The quantum company posted a first-quarter adjusted loss of 34 cents per share, beating estimates for a loss of 35 cents per share, ...
