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TCS CEO: AI could capture 20% of company revenue in 4-6 quarters
Tata Consultancy Services CEO K. Krithivasan said the share of AI in company revenue could grow to 20% within about a year and a half while automation is changing job structures.
Nobel laureate in economics: AI won not restore era of rapid growth
A Nobel Prize winner in economics warned that AI will not restore western economies to the era of rapid productivity growth of past decades.
SK Hynix raised record $26.5 billion on debut ADR placement in US
South Korean memory chip maker SK Hynix raised $26.5 billion on its debut American Depositary Receipt placement in the US, the largest initial public offering of a foreign company in market history.
Shares of Chinese AI developer Zhipu surged 22% after $4 billion placement
Zhipu shares jumped 22% on Hong Kong exchange on July 16, 2026 after the AI developer placed shares at $4 billion at the lower end of the price range.
Technoprobe shares surged 330% on AI chip boom from Nvidia
Italian Technoprobe whose products are used in the manufacturing of Nvidia chips has become one of the largest European beneficiaries of the AI boom, its shares have surged 330%.
Google and RWE invested 411 million euros in nuclear fusion startup Proxima Fusion
German startup Proxima Fusion raised 411 million euros from Google and RWE reaching a valuation of 2.4 billion euros the company is building a nuclear fusion power plant by the 2030s.
Recruitment companies shift focus to niche AI specialists to survive
Recruitment agencies are shifting their focus to recruiting rare specialists in the field of AI trying to remain relevant amid the rise of AI resume screening and threats of hiring automation.
SambaNova raised $1 billion at $11 billion valuation on surge in AI inference demand
Chip startup SambaNova Systems closed a round at $1 billion at $11 billion valuation, investors are betting on growing demand for fast AI model inference.
AI became the main topic at Allen Co Sun Valley 2026 conference
At the annual Allen Co conference in Sun Valley artificial intelligence has displaced traditional media deals, participants include Tim Cook Alex Karp Jeff Bezos Bill Gates.
SK Hynix became trillion-dollar company amid AI boom
South Korean memory chip manufacturer SK Hynix struggling for survival two decades ago has now become the second most valuable company in the country.
Lerer Hippeau: venture market enters second generation of AI startups
Managing Partner of Lerer Hippeau Eric Hippo told Bloomberg that AI dominates venture investments with OpenAI Anthropic and xAI capturing the lion share of global funding.
Samsung Electronics' Profit Surges 19-Fold, but Investors Unmoved
Samsung Electronics' quarterly profit jumped 19 times higher, yet the company's shares did not respond with growth—investors are comparing it to AI chip suppliers.
Netherlands Calls on EU Banks to Pool Purchasing Power Against Big Tech from US
Dutch proposals urge European banks and financial companies to pool purchasing power in negotiations with American tech giants over AI and cloud services.
Samsung Electronics' Record Profit Fails to Lift Stock Amid AI Boom
Samsung Electronics shares barely responded to record quarterly profit—investors are trying to gauge how long the cycle of massive AI investments will last.
Solstice Buys Element Solutions for $14.5B for AI Data Center Cooling Market
Solstice Advanced Materials offered $14.5 billion for Element Solutions to strengthen its position in chip materials and AI data center cooling.
Chinese Companies Switch from Nvidia Chips to Domestic AI Accelerators
A survey cited by Bloomberg showed that Chinese companies increasingly replace advanced Nvidia AI chips with domestic alternatives amid trade tensions with the U.S.
Kling AI from China Raised $2 Billion for AI Video Generation Development
Chinese startup Kling AI, spun out from Kuaishou Technology, raised its first funding tranche of $2 billion to expand operations in the AI video field.
OpenAI discusses transferring 5% stake to US government — FT reports
OpenAI has begun preliminary negotiations about transferring a 5% stake in the company to the US government — ChatGPT's developer, according to Financial Times. Final deal terms remain undefined.
Ireland's tech sector faces job cuts due to AI
Bloomberg: Ireland's technology sector, tied to American corporations, is experiencing pressure from AI automation — high-tech employment is declining.
Data center operator Switch raises $2 billion with Andreessen Horowitz
Switch Inc., a major US data center operator, is launching a private funding round of $2 billion led by venture fund Andreessen Horowitz. Deal details are not yet disclosed.
AI startup LinqAlpha from former Goldman Sachs analyst raises $22 million
LinqAlpha, a company in AI investment research, founded by ex-Goldman Sachs analyst, is close to closing Series A round of $22 million. Round investors not yet named.
UBS: AI demand shows no signs of slowing, bank maintains chip stocks
UBS Wealth Management strategist Hartmut Issel told Bloomberg TV he sees no signs of declining AI demand; the bank maintains its position on chipmaker stocks.
Abu Dhabi's MGX raises $49 billion for one of the world's largest AI-focused funds
Abu Dhabi investment firm MGX, founded in 2024, has raised $49 billion—one of the largest AI-focused funds in history.
Chipmaker stocks surge as investors bet on continued AI rally
After recent declines, chipmaker stocks have rebounded sharply—investors are snapping up cheaper shares, betting that AI themes have not exhausted market growth potential.
Xbox cuts 3,200 employees—roughly 20% of staff—as part of Microsoft restructuring
Microsoft announced 3,200 job cuts in its Xbox division—approximately 20% of staff—as part of a restructuring of its troubled gaming business.
US Commerce Department requires Samsung and SK Hynix to increase AI memory chip production
US Commerce Secretary Howard Latnik called on Samsung and SK Hynix to expand memory chip manufacturing in the US amid a shortage of AI components.
Somalia supported India in dispute with Meta over WhatsApp usernames due to security threats
Somalia, struggling against Islamist militants for decades, joined India's criticism of WhatsApp's transition to usernames, citing security threats.
AI chip maker Syntiant filed for IPO with Intel support
Syntiant Corp., a developer of energy-efficient chips and software for edge AI, filed for an IPO, counting on investor interest in artificial intelligence.
Runway will open offices in London, Tokyo and Paris and invest nearly $300 million
AI company Runway announced global expansion: new offices in London, Tokyo and Paris and nearly $300 million in investments into the company's business and AI research.
Apple negotiates to buy Chinese memory chips from ChangXin and Yangtze
Apple is discussing the purchase of memory chips from Chinese manufacturers ChangXin Memory Technologies and Yangtze Memory Technologies to ease the shortage on the global market.