Business

Micron Joins the Trillion-Dollar Club on ... Micron Joins the Trillion-Dollar Club on an AI Memory Shortage A 19% single-day stock surge pushed Micron past a $1 trillion market cap — driven by sold-out HBM supply and long-term AI contracts that won't ease until at least 2027. yesterday
SpaceX billed the Pentagon $500M for ... SpaceX billed the Pentagon $500M for free internet in Iran — and it agreed SpaceX demanded a 5x price hike on military Starlink terminals and proposed a $500 million upfront fee for Direct-to-Cell access in Iran. The Pentagon had little choice but to negotiate. May 26, 2026, 5:30 p.m.
Musk's own companies bought 18% of ... Musk's own companies bought 18% of Cybertruck sales last quarter SpaceX and xAI have funneled roughly $890 million to Tesla since 2023 — raising questions about how much of the automaker's revenue is self-generated. May 23, 2026, 1 p.m.
Xiaomi Launches 10-Year AC Warranty in ... Xiaomi Launches 10-Year AC Warranty in China — and Hints at Global Expansion Xiaomi's MiCare extended warranty now covers large home appliances in China with up to a decade of protection, but US and UK buyers will have to wait. May 22, 2026, 2:35 p.m.
Samsung averts 48,000-worker strike with bonuses ... Samsung averts 48,000-worker strike with bonuses reaching $416,000 A last-minute wage deal suspends a threatened walkout at the world's largest memory chip maker — and sends Samsung's stock up 8%. May 21, 2026, 9:29 a.m.
OpenAI plans September IPO with Goldman ... OpenAI plans September IPO with Goldman Sachs and Morgan Stanley The ChatGPT maker is preparing a confidential filing targeting a fall stock market debut, even as it projects $14 billion in losses for 2026. May 21, 2026, 4:58 a.m.
Anthropic buys the SDK startup that ... Anthropic buys the SDK startup that OpenAI and Google depend on A $300M+ acquisition of Stainless gives Anthropic structural control over developer tools used by its biggest rivals. May 19, 2026, 4:36 a.m.
Disney hit with class action over ... Disney hit with class action over facial recognition at Disneyland A lawsuit filed in California federal court accuses Disney of scanning guests' faces without meaningful consent — and potentially storing the data far longer than the company admits. May 19, 2026, 3:51 a.m.
Meta and Nvidia are locking up ... Meta and Nvidia are locking up fiber optic supply for years — and everyone else is waiting Big Tech's billion-dollar deals with Corning are squeezing smaller buyers out of the fiber market, with lead times stretching to a year and prices up 70%. May 18, 2026, 6:49 p.m.
Samsung's 18-Day Strike Threat Puts HBM ... Samsung's 18-Day Strike Threat Puts HBM Chip Supply at Risk More than 45,000 workers plan to walk out May 21 over a bonus gap that's already driven 200 engineers to rival SK Hynix — and courts may be the only thing keeping factories running. May 18, 2026, 2:50 p.m.
Xiaomi's May 21 event: a 1,000 ... Xiaomi's May 21 event: a 1,000 hp EV, a 200MP camera phone, and new earbuds The YU7 GT leads a packed Xiaomi showcase — but the flagship phone stays China-only for now, and the EV won't reach Western markets until 2027. May 18, 2026, 12:20 p.m.
Casio's keyboard business is losing money ... Casio's keyboard business is losing money — and the company is shrinking to survive The Sound division posted a $21M loss in FY2024. Casio's plan: cut markets, cut staff, and go premium-only by 2029. May 18, 2026, 4:30 a.m.
Amazon sued for keeping tariff-driven price ... Amazon sued for keeping tariff-driven price hikes after courts struck down the tariffs A federal class action filed in Seattle alleges Amazon collected hundreds of millions from customers to cover Trump-era tariffs — then refused to issue refunds once the Supreme Court ruled those tariffs illegal. May 18, 2026, 2:31 a.m.
Most companies are running AI projects. ... Most companies are running AI projects. Almost none are ready for them. A global survey of 10,000 businesses finds 97% have active AI initiatives — but only 5% say their data infrastructure can actually support them at scale. May 17, 2026, 3:17 p.m.
SpaceX IPO: Musk raises $75 billion ... SpaceX IPO: Musk raises $75 billion and keeps almost all the power SpaceX is set to list on Nasdaq under ticker SPCX on June 12, 2026 — the largest IPO in history, with a governance structure that leaves public shareholders almost no say. May 17, 2026, 10:47 a.m.
Snap and YouTube settle Kentucky school ... Snap and YouTube settle Kentucky school district's social media addiction lawsuit Both companies reached undisclosed deals ahead of a June trial in Oakland, while Meta and TikTok remain defendants in the same case. May 16, 2026, 4:22 a.m.
Apple cuts iPhone 17 prices in ... Apple cuts iPhone 17 prices in China — no discounts coming to the US or UK The iPhone 17 Pro dropped below a key price threshold in China for the first time, but buyers in the US and UK won't see any equivalent deals. May 15, 2026, 2:19 p.m.
OpenAI is preparing legal action against ... OpenAI is preparing legal action against Apple over ChatGPT's buried Siri integration A 2024 deal that was supposed to generate billions in subscriptions has stalled — and OpenAI's lawyers are now exploring a breach-of-contract claim. May 15, 2026, 2 p.m.
Apple turns to Intel to make ... Apple turns to Intel to make chips for budget iPhones and iPads After more than a year of talks, Apple and Intel have reached a preliminary manufacturing deal — with small-scale testing in 2026 and full production targeted for 2027. May 15, 2026, 1:41 p.m.
SK Hynix is weeks away from ... SK Hynix is weeks away from a $1 trillion valuation — AI memory is why The South Korean chipmaker's stock has surged over 200% in 2026 alone, fuelled by insatiable demand for the high-bandwidth memory that powers AI data centres. May 14, 2026, 2:51 p.m.
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