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Deliveroo Delays Profitability Target, Citing Weak Consumer Spending

Deliveroo shares plunged 9% on Thursday after the food delivery company pushed back its profit margin target, blaming a slower-than-anticipated recovery in consumer spending, particularly in international markets. The drop erased a year's worth of gains for the company's stock. While Deliveroo reported its first full
Deliveroo Delays Profitability Target, Citing Weak Consumer Spending

DOJ Drops Bid to Force Google to Divest AI Investments

The US Department of Justice (DOJ) has dropped its proposal to force Google's parent company, Alphabet, to sell its investments in artificial intelligence (AI) companies, including OpenAI competitor Anthropic, Reuters reports. However, the DOJ and a coalition of 38 state attorneys general are still pursuing a court order

Trump Claims "Good" Options Emerge in TikTok Sale Talks

US President Donald Trump stated on Sunday that his administration is in discussions with four different groups regarding the sale of TikTok, a popular video-sharing platform owned by Chinese company ByteDance. "We're dealing with four different groups, and a lot of people want it ... all four are

OpenAI and Oracle to Power Massive "Stargate" AI Data Center with Nvidia Chips

OpenAI and Oracle are set to equip the first phase of their ambitious "Stargate" AI data center project with a staggering 64,000 of Nvidia's latest GB200 Blackwell chips, according to a report by Bloomberg. The initial rollout, slated for completion by summer 2026, will see
OpenAI and Oracle to Power Massive "Stargate" AI Data Center with Nvidia Chips

China to Issue Guidance Boosting Open-Source RISC-V Chips

China is reportedly preparing to release new guidance aimed at promoting the use of open-source RISC-V chips, according to Reuters. This policy, expected to be released as early as this month, represents a significant step in Beijing's efforts to reduce its reliance on Western technology. The policy is

TSMC Announces $100 Billion US Expansion, Including Five New Chip Factories

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has announced a $100 billion investment in the United States, involving the construction of five new chip facilities over the next few years. This announcement, made by TSMC CEO C.C. Wei during a White House meeting with

US Export Controls Fail to Stop Flow of Nvidia AI Chips to China

Despite US export restrictions, Chinese buyers are successfully acquiring Nvidia's latest AI chips, illustrating the challenges of enforcing technology bans, the Wall Street Journal reports. Traders in China are utilizing third-party intermediaries in neighboring regions to procure computer systems equipped with Nvidia's Blackwell chips, offering delivery

Tech Weekly: How "Distillation" is Disrupting the AI Business Model

The race to build the biggest, most powerful AI models may be over. A technique called "distillation," which allows smaller models to learn from larger ones, is rapidly commoditizing cutting-edge AI, making it cheaper and more accessible than ever before. This increasingly becomes a challenge to the business
Tech Weekly: How "Distillation" is Disrupting the AI Business Model

DeepSeek Claims Theoretical 545% Daily Profit, Raising Eyebrows

Chinese AI startup DeepSeek has made a bold claim about its cost-profit ratio, reporting a theoretical 545% daily profit for its V3 and R1 models, Reuters reports. This comes as the company releases financial data related to its AI models for the first time, shedding light on a key area

SoftBank Seeks $16 Billion Loan for AI Investments

SoftBank Group CEO Masayoshi Son is planning to borrow $16 billion to invest in artificial intelligence, Reuters reports, citing The Information. The Japanese technology conglomerate is also considering an additional $8 billion loan in early 2026. These discussions come as SoftBank expands its AI investments, including a planned investment of