American cloud-data platform company
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.
US markets rally as the Dow climbs, but chipmakers drop after earnings; CrowdStrike and Broadcom move markets with mixed results as AI momentum faces a pullback.
Microsoft’s CEO has warned that a future where a few AI providers capture most value could hollow out entire industries unless companies retain control of their learning systems. He calls for a broad AI ecosystem where businesses maintain ownership of knowledge and invest in governance and identity controls.
Cred’s leadership shift and Meta’s $900 million investment strengthen WhatsApp’s push into payments and business services. Kunal Shah departs Cred to lead WhatsApp; Miten Sampat becomes interim WhatsApp chief strategy officer as Cred scales toward an IPO.
Santander targets over €1bn in AI-led value by 2028; Higgsfield eyes $1bn run rate as AI media tools expand; Databricks reports rising costs amid rapid AI-driven revenue growth.
Apple has filed a trade‑secrets lawsuit accusing OpenAI of stealing hardware-related information and poaching more than 400 employees. Apple has delayed its smart‑glasses launch to June 2027 and pushed consumer availability to late 2027 while it refocuses on Siri‑driven AI, privacy controls and developer support. The sector is also seeing rising competition from Chinese open‑weight models and growing investment in open AI infrastructure.
Telstra’s nationwide outage has disrupted mobile and internet services, including emergency calls. Investigations are underway, welfare checks have been conducted, and ministers vow accountability as the company investigates the cause and outlines reforms.
Ofcom has fined Virgin Media £28 million after findings that millions of calls were mishandled between 2022 and 2024, delaying or blocking contract cancellations and encouraging staff to retain customers via incentives. The regulator says customers faced hold times, transfers, and deliberate call-dropping, impacting switching to rivals. Virgin Media has overhauled its customer services and will compensate affected customers.