Anthropic investors expect the AI startup to float at a valuation of $2 trillion or more in October, which would eclipse SpaceX and mark the largest-ever initial public offering, driven by surging revenue and demand for its Claude models.
Meta CEO Mark Zuckerberg addressed the company's May layoffs of 8,000 employees and surging Q2 expenses during an earnings call, while defending massive investments in AI infrastructure.
Versant Media Group raised its full-year guidance after reporting second-quarter results that beat Wall Street estimates, driven by digital brands like Fandango and GolfNow despite linear TV declines.
Palantir reported a 93% year-over-year revenue increase to $1.94bn for the second quarter, beating Wall Street expectations and sparking a 10% surge in its share price.
Amazon's market capitalization exceeded $3 trillion for the first time, fueled by strong quarterly results and investor confidence in its AI-driven cloud business. This makes it the fifth company to reach this milestone, with its AI investments being rewarded by investors unlike some other tech giants.
Intel exceeded Q2 earnings and revenue expectations, reporting its fastest revenue growth since 2011, driven by AI infrastructure demand and server processor sales. The company also issued optimistic Q3 guidance, despite a recent stock slump.
Alphabet reported double-digit revenue growth and beat Wall Street's Q2 expectations, marking its 12th consecutive quarter of gains. The tech giant increased its capital expenditure forecast to $200bn, driven by massive AI investments, while facing intense competition from rivals like OpenAI and Anthropic.
Tesla reported Q2 financial results with total revenues up 26% to $28.2 billion, but operating expenses surged 47%, causing profit margins to drop to 1.4% and net income to fall 5%. Heavy spending on AI and robotaxis contributed to negative free cash flow.
UltraTech Cement announced a 17% YoY increase in Q1FY27 consolidated net profit to Rs 2,599 crore, with revenue up 16% to Rs 24,648 crore. Growth was driven by higher cement volumes, improved realisations, and strong performance in ready-mix concrete and construction chemicals.
Moore Threads and Hygon project 135.1%-149.1% and 55.6%-70.2% revenue growth, respectively, in H1 2026, driven by China's surging demand for AI computing power amid US export controls.
Bengaluru-based Spacetech startup Bellatrix Aerospace anticipates a more than fivefold increase in revenue this fiscal year, projecting "a few tens of crores" in FY27, up from Rs 2 crore annually over the past three years. This growth is fueled by increased commercial production of satellite propulsion systems, a $20 million fundraise in March, and rising global demand for in-space mobility.
TCS reported $7.6 billion in June-quarter revenue, a 2.7% year-on-year increase. The company saw a 2.7% sequential decline in net profit due to a one-time charge and annual wage hikes impacting operating margins to 24%. Despite cautious tech spending, TCS resumed workforce expansion, adding 9,279 employees.
Several AI startups are reporting accelerating revenue growth, hitting new financial milestones in shorter timeframes. Companies like Mercor, Anthropic, Sierra, Glean, and Gusto showcase rapid ARR increases, with some defining it as annualized recurring revenue, run-rate revenue, or committed ARR.
Citi CEO Jane Fraser stated that the banking sector is in two critical races driven by AI. She acknowledged job dislocations due to AI, citing Citi's 3,500 tech layoffs in China in 2025, but also emphasized AI's potential to augment human roles and create new jobs.
KPMG Australia is under fire for leaking confidential client data (Lendlease, Optus, Westpac, Dexus, Telstra) to aid in lucrative audit contract bids, while allegedly retaliating against a whistleblower who reported the misconduct, leading to resignations and calls for regulatory reform.
Trip.com reported a 17% rise in first-quarter revenue to 16.2 billion yuan but a 42% profit drop to 2.5 billion yuan, its lowest since late 2024. The company forecast weaker Q2 growth and warned that an ongoing antitrust investigation could lead to significant fines or changes to business practices.
Leaked financial documents reveal OpenAI's revenue surged from $3.7B in 2024 to $13.07B in 2025, but expenses, particularly R&D, grew even faster, leading to significant operating losses. The company aims for profitability by 2030.
South Korea's managed fiscal balance showed a deficit of 36.6 trillion won as of end-April 2026, an improvement of 9.5 trillion won from the previous year, driven by robust tax revenue growth, particularly from corporate and income taxes.
Victor Montagliani, Concacaf president and Fifa vice president, believes the World Cup will spark a cultural revolution in North American football, potentially making MLS rival the Premier League, while defending the tournament's pricing strategy and discussing future expansion plans.
Despite trade tensions and US export restrictions, 26 US semiconductor firms, including Qualcomm and Nvidia, experienced an average 20% revenue increase in China last year, according to the Hurun Research Institute.
German industry revenue grew 1.7% in Q1, the first increase since mid-2023, but 127,300 jobs were lost, with the automotive and mechanical engineering sectors hit hardest. High costs and competition remain challenges.
Lenovo's shares jumped 19.32% after the company reported a 27% year-on-year revenue increase to $21.6 billion for the March quarter, driven by an 84% surge in AI-related revenue. Net income rose significantly to $521 million.
Lenovo's shares jumped over 15% after reporting a 27% year-on-year revenue increase to $21.6 billion for the March quarter, driven by an 84% surge in AI-related revenue. The company aims to reach $100 billion in market cap within two years.
Microsoft-owned LinkedIn is cutting over 600 jobs this summer, with California employees bearing the brunt. Around 606 employees were notified of permanent job cuts effective July 13, impacting various offices, particularly Mountain View.
