Breaking News: Technology
- SoFi's stock drops on $1.5 billion share sale announcement - SoFi said it's selling $1.5 billion in stock after the company's market cap almost doubled this year.
- Apple announces departure of general counsel and policy chief - The two executives previously reported to Apple CEO Tim Cook and represent the latest sign that Apple's senior leadership is seeing a slew of exits.
- Nvidia has a cash problem -- too much of it - Nvidia's recent slew of billion-dollar checks highlight the company's growing cash pile.
- Meta faces Europe antitrust investigation over WhatsApp AI policy - The European bloc has launched an antitrust investigation into the social media giant over its WhatsApp AI policy.
- Software startup deploys Singapore’s first quantum computer for commercial use - Singapore-based software firm Horizon Quantum Computing has become the first private firm to deploy a quantum computer for commercial use in the city-state.
- Salesforce beats on earnings, issues better-than-expected revenue forecast - Salesforce said its Agentforce artificial intelligence business is generating over $500 million in annualized revenue.
- Micron stops selling memory to consumers as demand spikes from AI chips - Demand driven by the AI infrastructure boom is creating shortages for certain products like memory.
- Microsoft stock sinks on report AI product sales are missing growth goals - Microsoft stock sank after a report that multiple sales teams for the company's Azure Foundry product missed growth goals in the last fiscal year.
- Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.
- Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.