Browse Tag

Tech Industry

Autozi Internet Technology (AZI) Rockets on $1 Billion Wanshan Deal – All You Need to Know Today (19 November 2025)

Autozi Internet Technology (AZI) Rockets on $1 Billion Wanshan Deal – All You Need to Know Today (19 November 2025)

Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI), a Chinese automotive supply‑chain and services platform, has jolted back into the spotlight today after unveiling a $1 billion cross‑border sales cooperation framework with Wanshan International Trading Co. The announcement has triggered wild swings in AZI stock, massive trading volumes, and a wave of fresh analyst and media coverage. PR Newswire+2PR Newswire+2 Key takeaways Autozi’s $1 billion Wanshan deal: what was announced In a press release issued this morning, Autozi said it has entered a strategic cooperation framework agreement with Wanshan International Trading Co. to jointly build and operate a cross‑border supply‑chain cloud
CoreWeave (CRWV) Q3 Earnings Today: 5 Things to Watch as AI Trade Wobbles — Revenue, RPO, Power Capacity, and Big‑Tech Deals

CoreWeave (CRWV) Q3 Earnings Today: 5 Things to Watch as AI Trade Wobbles — Revenue, RPO, Power Capacity, and Big‑Tech Deals

As of 16:03 UTC, CRWV traded around $105.12, up roughly 1.1% intraday, ahead of results due after today’s close. The company has confirmed its Q3 FY2025 earnings release and webcast for Monday, Nov. 10. CoreWeave Why today’s print matters After a bruising week for AI‑linked names, CoreWeave shares fell about 22% last week amid a broader “AI trade” unwind, putting extra scrutiny on tonight’s numbers and guidance. Bloomberg Analysts expect triple‑digit revenue growth but continued losses. One widely watched preview pegs Q3 revenue near $1.3 billion (≈124% YoY) vs. a consensus near $1.21 billion; profitability remains a longer‑term goal as
IBM Stock Soars on Quantum Breakthrough and AI Revival – Key Updates (Sept 25, 2025)

IBM layoffs today (Nov. 5, 2025): Big Blue to cut ‘thousands’ of roles as focus shifts to software and AI

IBM said it will reduce a “low single‑digit percentage” of its ~270,000 global workforce in 4Q 2025. Here’s everything confirmed today, what remains uncertain, and how it may affect employees, customers, and investors. Key takeaways (as of Nov. 5, 2025) What’s new today, Nov. 5 How many jobs, and where? Why now? The strategy behind the cuts Timeline of reporting What this means if you’re an IBM employee or customer The open questions Short quote for context “In the fourth quarter we are executing an action that will impact a low single‑digit percentage of our global workforce.” — IBM spokesperson.
IBM Stock Soars on Quantum Breakthrough and AI Revival – Key Updates (Sept 25, 2025)

IBM Slashes Thousands of Jobs Amid AI Boom – Why Big Blue Is Cutting Staff Now

IBM’s AI-Era Layoffs and Strategic Shift IBM’s decision to cut thousands of jobs by year-end comes at a paradoxical moment when artificial intelligence is booming across the tech sector. The company announced that a “low single-digit percentage” of its global workforce will be impacted in Q4 2025 newsweek.com. In practice, this means on the order of three to eight thousand employees could lose their jobs in the coming weeks. An IBM spokesperson framed the move as a routine workforce adjustment, saying IBM continually reviews its staff mix and will “at times rebalance accordingly” to align with business priorities gvwire.com. What’s
Gartner (IT) Stock Plunges 50% – Will This Tech Advisor Bounce Back? (In-Depth Analysis)

Gartner (IT) Stock Plunges 50% – Will This Tech Advisor Bounce Back? (In-Depth Analysis)

Stock Price & Recent Performance (2025) Gartner’s stock has experienced a roller-coaster 2025. After touching all-time highs, the share price cratered ~50% from its peak over the past year finimize.com. Key factors behind this plunge include investor fears over slowing growth in Gartner’s contract value (CV) – a metric of future subscription revenue – and softening IT spending forecasts amid economic uncertainty finimize.com. A broader sell-off in high-growth tech stocks also weighed on Gartner’s valuation finimize.com. As of November 4, 2025, Gartner trades around $233 per share, down about 5% from the prior close reuters.com. Notably, the stock initially jumped
Nvidia’s $5 Trillion AI Juggernaut – Jensen Huang’s $400B Deal Frenzy and the Unstoppable Tech Boom

Nvidia’s $5 Trillion AI Juggernaut – Jensen Huang’s $400B Deal Frenzy and the Unstoppable Tech Boom

From Niche Player to the Backbone of AI Nvidia’s incredible ascent underscores how dramatically the tech landscape has shifted with the rise of artificial intelligence. Founded in 1993 as a graphics-chip designer, Nvidia spent decades as a niche player focused on PC gaming GPUs. But in the past few years – and especially since the debut of OpenAI’s ChatGPT in late 2022 – Nvidia has transformed into “the backbone of the global AI industry,” as Reuters puts it ts2.tech. Its high-end graphics processors proved ideally suited to training AI models, and Nvidia moved quickly to dominate this burgeoning market. The
OpenAI’s $500B Overhaul Rocks Tech World: Microsoft Snags $135B Stake and AI ‘Arms Race’ Ignites

OpenAI’s $500B Overhaul Rocks Tech World: Microsoft Snags $135B Stake and AI ‘Arms Race’ Ignites

Mission-Focused Overhaul On Oct. 28, OpenAI announced it had “completed its recapitalization” openai.com, simplifying its complex corporate structure. OpenAI – founded in 2015 as a nonprofit – now has two layers: the OpenAI Foundation (nonprofit) and the OpenAI Group PBC (public benefit corporation for-profit). The Foundation, chaired by Bret Taylor, “holds equity in the for-profit currently valued at approximately $130 billion” openai.com. Legally a public-benefit company, OpenAI Group must consider social good alongside profit, and the Foundation retains super-voting power to appoint the board. Crucially, the Foundation will funnel success back into public causes. It has earmarked $25 billion for two key
ChatGPT Crashes Worldwide — Downdetector Alarms, OpenAI Responds, Markets React

OpenAI’s Half-Trillion Restructuring Hands Microsoft a $135 B Stake – and Revs Up the ‘AGI Arms Race’

OpenAI Restructures at $500 B: Nonprofit Control Meets For-Profit Ambition In a milestone moment for the AI industry, OpenAI has officially restructured itself to unite a half-trillion-dollar for-profit business with its original nonprofit mission. The company announced on Oct. 28 that it “completed its recapitalization, simplifying its corporate structure”, with the nonprofit arm retaining control over the newly created OpenAI Group PBC (Public Benefit Corporation) openai.com economictimes.indiatimes.com. Under this novel setup, the OpenAI Foundation (nonprofit) holds a 26% stake valued around $130 billion and can appoint all board directors, effectively steering the ship medium.com medium.com. Meanwhile, investors and employees own roughly 47%, and
Nvidia Stock Soars on AI Mega-Deals – Will NVDA Hit $300 Amid Boom and Bubble Fears?

Nvidia Stock Soars on AI Mega-Deals – Will NVDA Hit $300 Amid Boom and Bubble Fears?

AI Boom Propels Nvidia to Historic Highs Nvidia’s meteoric stock surge in 2025 showcases how central the company has become to the AI revolution. In early October, NVDA briefly became the world’s most valuable publicly traded company when its market capitalization topped $4.5 trillion – surpassing even Apple and Microsoft ts2.tech. That milestone capped a massive run: Nvidia’s shares have soared over 1,300% since late 2022, as the market wagers that its high-performance graphics processors (GPUs) will be the indispensable engines of modern AI reuters.com reuters.com. This confidence is rooted in eye-popping fundamentals. For the quarter ended July 2025, Nvidia reported
Nasdaq Climbs Record Highs Then Retreats Amid Trade and Tech News

Nasdaq Climbs Record Highs Then Retreats Amid Trade and Tech News

The Nasdaq Composite Index surged to new highs in early October but slid by week’s end amid tariff fears and shifting investor sentiment. The tech-heavy index finished October 1 at 22,660, up about 0.3% on the day, as healthy corporate earnings and big gains in defense-related biotech names lifted the market nasdaq.com. By October 2, the Nasdaq added another 0.4% – closing at a fresh record high – powered by broad gains despite worries over a looming government shutdown investopedia.com investopedia.com. The rally continued into Monday, October 6, when the Nasdaq jumped 0.7% to new closing highs on the heels
11 October 2025
Rare Earth Shockwave: China’s Metal Curbs Jolt Tech Industry as Trump Threatens 100% Tariffs

Rare Earth Shockwave: China’s Metal Curbs Jolt Tech Industry as Trump Threatens 100% Tariffs

China’s Rare Earth Bombshell: What Happened? On October 9, Beijing dropped a bombshell announcement that sent tremors through the global tech and manufacturing sectors. China’s Ministry of Commerce unveiled new export controls on rare earth elements, vastly expanding an earlier round of curbs from April reuters.com reuters.com. Five additional rare-earth metals – holmium, erbium, thulium, europium, and ytterbium – were added to China’s restricted list, which already included seven key rare earths from prior controls ts2.tech reuters.com. In effect, 12 out of the 17 rare-earth elements are now subject to Chinese export licensing and quotas, covering well over half of the rare-earth periodic table ts2.tech. These
Mystery $75M Bet Propels POET Technologies – Tiny Optical Chipmaker Rides AI Gold Rush

Mystery $75M Bet Propels POET Technologies – Tiny Optical Chipmaker Rides AI Gold Rush

$75 Million Infusion Fuels AI Connectivity Expansion POET’s $75 million capital raise – a non-brokered private placement of ~13.64 million shares (with warrants) – marks a major vote of confidence in the company’s technology ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding it boosts POET’s balance sheet to $150 M+ cash and no debt ts2.tech ts2.tech. The deal was funded by a single institutional backer (whose identity was not disclosed), sparking speculation of a potential strategic partner behind the scenes ts2.tech. With this hefty war chest, management plans to “scale up [POET’s] growth ambitions in the
1 2 3
Go toTop