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The Latest Breaking News from Artificial Intelligence

Amazon layoffs: More jobs slashed after 30,000 roles cut in recent months

Amazon has announced fresh job cuts in its Selling Partner Services division. This move follows a recent review aimed at improving efficiency. The company is also increasing its investments in artificial intelligence across various operations. These layoffs are part of a broader trend in the tech sector.

The Economic Times

Foxconn logs quarterly net profit jump on AI demand

Taiwanese tech giant Foxconn saw a 19% profit increase. Artificial intelligence server demand is fueling this growth. The company expects strong AI server demand to continue. Foxconn factories in North America experienced a cyberattack but are resuming normal production. Geopolitical issues are not impacting the company's outlook.

The Economic Times

Doximity Q4 Earnings Call Highlights

Doximity (NYSE:DOCS) reported fiscal fourth-quarter revenue above the high end of its guidance and said it is entering what management called an “AI investment year,” with higher spending planned for artificial intelligence products even as near-term growth in the digital pharma advertising market r

MarketBeat

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Global Market: TSMC sees chip market crossing $1.5 trillion by 2030 on AI boom

TSMC has raised its long-term semiconductor industry forecast, projecting the global market to exceed $1.5 trillion by 2030, driven by artificial intelligence and high-performance computing demand. The company expects rapid growth in advanced chip production and is aggressively expanding manufacturing capacity across the US, Japan and Germany.

The Economic Times

Lightwave Logic Q1 Earnings Call Highlights

Lightwave Logic (NASDAQ:LWLG) reported a wider first-quarter loss while outlining progress on customer engagement, foundry integration and commercialization efforts for its electro-optic polymer technology, which management said is increasingly aligned with demand from artificial intelligence networ

MarketBeat

Aeluma Q3 Earnings Call Highlights

Aeluma (NASDAQ:ALMU) executives said the company is seeing increased customer interest in its photonics technology as artificial intelligence data center investment strains existing supply chains for optical components, while quarterly revenue remained roughly flat and the company narrowed its full-

MarketBeat

If AI can translate instantly, why learn another language?

From live speech translation in video calls to auto-dubbing on TikTok, the technology to dissolve language barriers has arrived. Real-time translation powered by artificial intelligence (AI) is now embedded in everyday life.

The Conversation

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Cisco stock price today: Why CSCO stock soared 17% after earnings and why Cisco is cutting thousands of jobs - here's what investors need to know

Cisco stock price today after CSCO earnings: Cisco shares soared following a robust earnings report. The networking giant exceeded expectations for revenue, profits, and future guidance. Demand for its artificial intelligence infrastructure business is growing significantly. Cisco also announced workforce reductions to focus on long-term growth areas.

The Economic Times

Amdocs Q2 Earnings Call Highlights

Amdocs (NASDAQ:DOX) reported fiscal second-quarter 2026 revenue and non-GAAP earnings above the midpoint of its guidance, while newly appointed Chief Executive Officer Shimie Hortig used the company’s earnings call to outline a strategy centered on “agentic” artificial intelligence for telecom opera

MarketBeat

Cisco Systems Q3 Earnings Call Highlights

Cisco Systems (NASDAQ:CSCO) reported record fiscal third-quarter revenue and raised its expectations for artificial intelligence infrastructure orders, as executives said demand accelerated across hyperscale, enterprise and public-sector customers. Chair and CEO Chuck Robbins said Cisco delivered “

MarketBeat

Who Is Andreessen Horowitz, the Silicon Valley Powerhouse Outspending Musk and Soros in the Midterms?

Andreessen Horowitz, the venture capital giant known in Silicon Valley as a16z, has reportedly become the biggest known political donor bloc of the 2026 midterm elections, pouring more than $115 million into federal politics as the technology industry fights to shape the future of cryptocurrency and artificial intelligence regulation.

Latin Times

Advanced Micro Devices Shareholders Back Board as Lisa Su Touts AI Growth

Advanced Micro Devices (NASDAQ:AMD) used its 2026 Annual Stockholders Meeting to secure shareholder approval for its director slate and key governance items, while Chair and CEO Lisa Su outlined the company’s growth strategy centered on artificial intelligence and data center computing. The virtual

MarketBeat

Dynatrace Q4 Earnings Call Highlights

Dynatrace (NYSE:DT) reported a stronger finish to fiscal 2026, with executives emphasizing steady annual recurring revenue growth, expanding consumption of its log management products and growing demand tied to artificial intelligence and cloud complexity. On the company’s fourth-quarter and full-y

MarketBeat

Sam Altman Says Elon Musk Left OpenAI Nonprofit "For Dead" in Explosive Trial Testimony

Sam Altman defended himself against Musk's claim that he and other OpenAI leaders betrayed the artificial intelligence company's founding purpose by shifting it from a nonprofit research lab into a commercial powerhouse.

International Business Times

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Wix.com Q1 Earnings Call Highlights

Wix.com (NASDAQ:WIX) executives said the company delivered solid first-quarter 2026 growth while accelerating investments in artificial intelligence products, including Wix Harmony and Base44, during the company’s earnings call. President and Co-founder Nir Zohar said the company is focused on usin

The Independent UK

LinkedIn set to layoff 5 percent of staff, report says

The layoffs are not a result of the artificial intelligence boom, according to the report

The Economic Times

Data center used 30 million gallons unnoticed — is America’s AI boom quietly pushing local water systems toward crisis?

Georgia AI data center water crisis is now raising serious questions across the United States. Investigators found that a massive data center used nearly 30 million gallons of water without proper billing or reporting in drought-hit Georgia. The discovery shocked residents already facing water conservation warnings and falling water pressure.…

inkl

How Artificial Intelligence Is Transforming Real Estate Investing

Artificial intelligence is transforming real estate investing through smarter lead generation, automated follow-ups, predictive analytics, and streamlined CRM workflows.

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The Economic Times

AI is not replacing workers on a large scale so far, says Bank of Canada

The Bank of Canada reports no widespread job losses due to artificial intelligence. AI is seen as a tool to transform tasks, not eliminate them. While some jobs will be replaced, new ones will emerge. Early signs show small productivity gains. This technology could boost efficiency, leading to higher wages…

The Economic Times

How did Nvidia CEO Jensen Huang join Donald Trump's China trip? Last-minute Air Force One addition sparks memes and global attention

How did Nvidia CEO Jensen Huang join Donald Trump's China trip? The Nvidia CEO became a last-minute addition to Donald Trump’s delegation to China. He boarded Air Force One shortly before departure. The visit focuses on trade, tariffs, Artificial Intelligence, Iran war, Taiwan, rare earths, and supply chains. The summit…

The Economic Times

Alibaba to exceed planned AI spending and says margin is secondary

Alibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly results impacted by significant investments in AI and cloud infrastructure. Despite profit pressures, Alibaba aims for market leadership, prioritising growth over margins. Demand for AI is surging, benefiting Alibaba's…

The Economic Times

Tencent revenue and profit miss on higher AI investment

Tencent Holdings announced first-quarter results below market expectations. Revenue and net profit missed forecasts. Gaming revenue saw growth, driven by popular titles. Online advertising also increased. The company is significantly investing in artificial intelligence, launching its advanced Hunyuan 3.0 large language model. This push aims to compete with rivals in…

The Conversation

How tarot readers are using AI – and what it says about our growing reliance on chatbots for emotional support and advice

If you’ve ever turned to artificial intelligence to try to figure out how to handle a tricky situation with a friend or colleague, you’re far from alone. For many, AI has become a modern oracle – a source of guidance, emotional support or clarity in moments of uncertainty – though…

The Economic Times

Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals

Tower Semiconductor anticipates exceeding second-quarter revenue expectations. The company has secured significant deals worth $1.3 billion for 2027, focusing on chips for artificial intelligence data centers. These advancements are driven by robust demand for their specialised processors. Tower Semiconductor is confident in its financial targets for 2028, projecting substantial annual…

The Economic Times

What is really driving copper futures to record highs? Copper prices just broke every record as AI data center boom fuels global supply crunch

Copper prices are soaring aggressively in 2026 as copper futures smash record highs above $14,000 per ton and COMEX copper crosses $6.50 per pound. The rally is no longer only about manufacturing demand. AI data center construction is now driving a massive global copper rush. China’s factory recovery, Middle East…

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