Apple and Elon Musk's SpaceX are locked in a battle for dominance in satellite-based communications, with tensions rising over spectrum rights and Musk expressing frustration over Apple's efforts, the Wall Street Journal reports. Both companies are investing heavily in satellite technology to expand connectivity in areas

Nvidia-backed CoreWeave has downsized its US IPO and priced its shares below the indicated range, Reuters reports. The move comes as investor enthusiasm for IPOs wanes, particularly in the AI sector. CoreWeave, a leading provider of cloud services for AI workloads, will now sell 37.5 million shares at $40

Anthropic and Databricks have announced a five-year, $100 million partnership to sell AI tools to businesses, the Wall Street Journal reports. This collaboration aims to capitalize on the burgeoning demand for AI agents, a technology that is rapidly gaining traction in the corporate world, but whose true value proposition remains

Leading chipmakers, including Taiwan Semiconductor Manufacturing Co. (TSMC) and Intel, are slowing down their expansion plans in Japan and Malaysia, Nikkei Asia reports. The slowdown is attributed to sluggish demand for older chips and lingering uncertainties surrounding tariffs. TSMC, the world's largest chipmaker, is delaying the installation of

AI company Anthropic has scored an early victory against music publishers in a major copyright lawsuit, Reuters reports. US District Judge Eumi Lee denied a preliminary injunction that would have blocked Anthropic from using lyrics owned by Universal Music Group (UMG), Concord, and ABKCO to train its AI-powered chatbot, Claude.

DNA testing company 23andMe filed for bankruptcy in the US, Reuters reports, following struggles with waning demand for its ancestry kits and a damaging data breach in 2023. The company's shares plunged 50% to 88 cents on Monday after co-founder Anne Wojcicki resigned as CEO following multiple unsuccessful

Alibaba Group, the Chinese tech giant, will resume hiring, emboldened by President Xi Jinping's recent meeting with business leaders, as reported by Reuters. This follows a two-year period of layoffs and reduced investment in China's tech sector due to regulatory tightening. Alibaba Chairman Joe Tsai, speaking

OpenAI is restructuring its leadership to focus on global expansion and corporate partnerships, with Chief Operating Officer Brad Lightcap taking the reins of this initiative. This move, announced by CEO Sam Altman on Monday, aims to solidify OpenAI's position in the rapidly evolving AI landscape. Altman's

Dropbox, the file-storage company, is facing pressure from an activist investor to curtail CEO and co-founder Drew Houston's voting power, according to a report by The Wall Street Journal. Half Moon Capital, a hedge fund, has submitted a shareholder proposal seeking to eliminate Dropbox's dual-class share

Three Democratic senators have urged President Donald Trump to seek congressional approval to extend the deadline for ByteDance's TikTok sale, Reuters reports. This comes as the White House reportedly considers a deal with Oracle for a US TikTok entity. In a letter to Trump, Senators Ed Markey, Chris