Akamai Shares Surge 20% After Earnings Beat and $1.8 Billion AI Infrastructure Deal
Akamai shares jumped 20% after the company reported strong quarterly earnings and announced a $1.8 billion AI infrastructure agreement.
Big Tech & Innovation - Page 13
Follow the breakthroughs and disruptions driving the technology industry. From artificial intelligence and advanced chips to new digital platforms and corporate strategies, this section covers how leading tech companies innovate and shape the future of business. We highlight major product launches, research advances and market moves to give readers a clear view of where technology and commerce intersect.
Latest Big Tech & Innovation News
Sony Forecasts Double-Digit Profit Growth Despite Slower PS5 Sales
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Musk Dissolves xAI, Integrates AI Operations Into New SpaceXAI Division
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases...
Ferrari Beats Q1 Estimates, Reaffirms Outlook Ahead of EV Launch
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
PayPal Restructures Into Three Core Units to Accelerate Growth Strategy
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Microsoft Loses OpenAI Exclusivity as Partnership Terms Shift
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Netflix Authorizes $25 Billion Buyback as It Shifts Focus After M&A Exit
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia and Google Partner to Build ‘AI Factories’ in Push for Physical and Agentic AI
Nvidia and Google announced a major partnership to develop AI infrastructure, combining hardware and software to advance 'physical' and agentic AI systems.