Snowflake in the spotlight again as AI, cloud data, and earnings chatter push stocks; founded in San Mateo, now Menlo Park-based data platform.
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.
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.
Meta will invest $900 million in Cred as Kunal Shah steps down as Cred CEO to lead WhatsApp, with Miten Sampat becoming interim WhatsApp chief strategy officer. The move highlights Meta's push to expand WhatsApp into payments, business services, and AI-enabled products while Cred scales toward an IPO.