Cloudflare Inc. shares surged the most in nearly a year on Friday after the company reported fourth-quarter revenue that surpassed analysts' expectations, Bloomberg reports. The San Francisco-based cybersecurity firm's revenue for the quarter ending December 31 increased by 27% to approximately $460 million, exceeding the predicted $452.

Google has abandoned its goal of increasing the proportion of underrepresented groups in its leadership by 2025, citing a changing legal and policy landscape. The company announced the move in an email to employees on Wednesday, a decision that comes amidst a broader industry trend. The Wall Street Journal reports

Amazon shares took a significant hit on Friday, falling 4%, after the company's quarterly cloud computing revenue growth fell short of investor expectations, as reported by Reuters. This slowdown comes despite massive investments in artificial intelligence (AI) and follows similar disappointing results from Microsoft and Alphabet-owned Google. The

Elon Musk, via a consortium including his AI firm xAI and other investors, has made a $97.4 billion offer to acquire the nonprofit entity controlling OpenAI, Reuters reports. This move further intensifies the billionaire's ongoing battle with OpenAI CEO Sam Altman over the future of the company.

Despite the emergence of a Chinese AI startup that challenges the cost-effectiveness of large AI models, Baidu CEO Robin Li insists that massive investment in data centers and cloud infrastructure remains crucial for AI advancement. This comes as a surprise given the recent success of DeepSeek, a Chinese AI startup

Workday, a leading human capital management company, is cutting around 1,750 jobs, representing 8.5% of its current workforce, as part of a strategic shift towards artificial intelligence (AI) and global expansion. The move, as reported by Reuters, is designed to streamline operations and prioritize key growth areas. The

Amazon.com is facing intense scrutiny as investors await its fourth-quarter earnings report on Thursday, where its cloud computing performance will be under the microscope, Reuters reports. This comes after lackluster results from Microsoft and Google sent shockwaves through the tech sector, raising concerns about the viability of massive AI

The success of Chinese startup DeepSeek in developing advanced generative AI using less sophisticated hardware is triggering a shift in Japan's AI market, Nikkei Asia reports. Software companies are emerging as the new driving force behind AI stock growth, while hardware-related companies face increasing uncertainty. DeepSeek's

The Bank of Japan (BOJ) may be moving towards a quicker tightening of monetary policy, according to remarks made by board member Naoki Tamura. As reported by Reuters, Tamura, often viewed as the most hawkish member of the board, called for raising interest rates to at least 1% by the