CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025,…
GitHub has launched Spark, a new AI tool that builds full-stack apps from simple text prompts. Spark is GitHub’s ambitious entry into the “vibe coding” trend, allowing users to go from an idea to a deployed application without writing code or configuring a server. Available in a public preview for GitHub Copilot Pro+ subscribers, the…
President Donald Trump unveiled an aggressive, low-regulation strategy on Wednesday to boost big tech’s race to stay ahead of China on artificial intelligence and cement US dominance in the fast-expanding field. Trump’s 25-page “America’s AI Action Plan” outlines three aims: accelerating innovation, building infrastructure, and leading internationally on AI. The administration frames AI advancement as…
Wall Street analysts lifted their price targets on Amazon stock ahead of the Facebook and Instagram parent’s quarterly earnings report July 31. Needham analyst Laura Martin lifted her outlook on Amazon shares on Tuesday to $265 from $220, citing “strong” revenue growth for the company’s cloud division, AWS, “record-breaking” Amazon Prime days, waning tariff woes,…
US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) ticked up 0.1%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) held steady. On Monday, the S&P 500 and Nasdaq…
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Senators Marsha Blacburn (R-Tenn.), Mike Blumenthal (D-Conn.), Amy Klobuchar (D-Minn.) Dick Durbin (D-Ill.) and Mike Lee (R-Utah) have reintroduced a bill that would force app store owners like Apple and Google to allow third-party payment systems and sideloading apps, among a collection of other developer-friendly changes. The bill, called the Open App Markets App, was…
Apple is reportedly in eleventh-hour negotiations with European regulators about changes to its App Store. As the Financial Times (FT) reported Monday (June 23), the tech giant is hoping to escape a series of escalating fines from the European Union (EU) set to go into force this week. Apple has already been fined 500 million…
Chinese short video platform Douyin now counts about 40 per cent of Hong Kong’s 7.5 million residents as users, about five years after social media giant ByteDance suspended the operation of hit global app TikTok in the city. The number of monthly active users (MAUs) of Douyin in Hong Kong has already surpassed 3 million,…
