Alphabet runs Google, dominates search and ads, and is racing in AI, cloud, and hardware as it faces regulation and market shifts.
The AI investment story shows a widening gap: hardware and memory stocks surge while hyperscalers slow. The Magnificent Seven lag as chipmakers lead the rally, with concerns over AI monetization and rising memory costs shaping investor sentiment.
Several firms have announced expansion plans and new measures that will accelerate commercial robotaxi rollouts. Mobileye has announced a 2027 U.S. launch with an initial 100-vehicle fleet and a five-year target of 17,000; Wayve and Uber are preparing a supervised London service in the coming months; Tesla and Waymo are expanding U.S. coverage; and new indices show Chinese robotaxi players are scaling faster than many expected.
The AI-driven memory-chip rally has continued this week. SK Hynix and Samsung Electronics have joined trillion-dollar valuations while the broader Kospi shows renewed volatility amid global AI market enthusiasm and new IPO chatter.
OpenAI has submitted a confidential S‑1 to the US Securities and Exchange Commission for a potential IPO, joining Anthropic and SpaceX in what could become a wave of blockbuster listings. The company has not set timing or deal terms and says it may remain private while it completes plans that are easier offline.
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
Trump has warned at the G7 summit that the United States will impose a 100% tariff on all champagnes and French wines unless France scraps its digital services tax. Macron has refused to drop the tax, escalating a trade conflict tied to tech levies and EU-US diplomacy.
Waymo, Wayve, Baidu and Uber-backed ventures have pushed robotaxi testing and commercial rollouts in London, San Francisco and Houston, while Uber has announced Houston as its next market after San Francisco. Companies have recalled vehicles and limited freeway operations after construction-zone incidents, and unions and regulators are blocking some US rollout plans.
Executives are leaving top AI labs for rivals, highlighting a talent war as Google loses senior researchers to Anthropic and OpenAI. The exits come as industry leaders push for faster AI deployment and policy alignment, with investors watching margins amid heavy AI compute spending.
SpaceX has announced a senior unsecured notes offering to raise about $20 billion to refinance a bridge loan and fund expanding AI infrastructure, including Starship and Starlink. The move follows a record IPO and large cash reserves, but faces scrutiny over negative free cash flow and high capital needs.
Global markets are mixed as US inflation signals and corporate results shape investor sentiment. Oil prices edge higher amid Iran talks, while technology names remain a volatile driver of indices.
China's LineShine has been named the world's fastest supercomputer on the TOP500 list, marking its debut at the top. The system runs entirely on CPUs and achieves 2.198 exaflops, surpassing El Capitan in the US. Analysts say the result signals recognition of China’s chip-design efforts, though AI workloads and list methodology cloud the claim.
Zoox has unveiled interior and interface improvements to its bidirectional robotaxi as it eyes a wider rollout later this year, including a lighter interior, new seating, larger cupholders, improved touchscreens, and two-way audio for riders and first responders. Production is planned at the Hayward facility with up to 100 vehicles weekly pending regulatory approval.
The world’s richest person has seen his fortune swing wildly after SpaceX’s IPO. SpaceX and Tesla shares have fallen amid a broader tech sell-off, eroding Musk’s trillionaire status. Despite volatility, he remains the wealthiest individual as markets reassess growth prospects in AI and tech.
President Donald Trump has threatened to impose a 100% tariff on any country that implements a digital services tax on US tech companies, saying the levy would "supersede" trade deals and be applied immediately. European officials have warned they will respond to unilateral measures; legal and practical hurdles make the timetable for any US action unclear.
Anthropic is launching an internal drug discovery program to develop AI tools for life sciences, focusing on neglected diseases. The move highlights a tension between rapid scientific promise and the slow pace of clinical development and regulatory pathways.
Meta is pursuing a new cloud business to sell excess AI compute power and access to AI models. The move could generate revenue from its data-center footprint and compete with AWS, Google Cloud and Microsoft Azure. The plan has sparked immediate stock in the market but faces questions about ROI given Meta’s heavy capex.
The European Court of Justice has dismissed Google's appeal against the Android antitrust ruling, confirming the European Commission's 4.1–4.3 billion euro penalty for pre-installation practices. The decision comes after years of litigation, as Brussels continues to push for stronger digital regulation.