China's economy shows sluggish consumption and weak investment in May, with new bank loans falling year-on-year. Despite regulatory efforts, demand remains weak, though the tech sector is a bright spot amid innovation drives.
Microsoft President Brad Smith wrote a 3,000-word essay addressing student boos at AI mentions during commencement speeches. He argues the tech sector has overestimated AI's spread and underestimated human adaptability, citing historical parallels and acknowledging the "perfect storm" of job market pressures.
SpaceX's potential $75 billion IPO on Nasdaq could be the largest ever, surpassing Saudi Aramco. With massive investor interest and a significant retail allocation, the listing is expected to reshape tech valuations and global capital flows.
The tech sector, led by chipmakers and AI stocks, experiences steep declines globally, with the Nasdaq Composite falling 4.18% on Friday. Geopolitical tensions between Israel and Iran, and a U.S.-brokered deal, also impact trading. Meanwhile, SpaceX's upcoming IPO is valued too highly by Aswath Damodaran.
SoftBank Group shares dropped over 11% following a tech sector sell-off, driven by profit-taking and concerns over its high-risk AI investments. CEO Masayoshi Son remains optimistic about AI's long-term potential.
SoftBank's shares dropped 10% following a U.S. market sell-off and profit-taking in the tech sector. Despite recent gains and CEO Masayoshi Son's bullish AI outlook, concerns linger over SoftBank's high-risk investments.
A proposed US Department of Homeland Security rule could limit international graduates' ability to stay and work in the US, potentially exacerbating labor shortages in AI, tech, and engineering. Indian students, a large demographic, may be particularly affected as pathways like Day 1 CPT programs could be restricted.
Meta has eliminated over 2,700 jobs in California as part of a global workforce reduction aimed at prioritizing AI development. Software engineers focused on AI products were most affected, with layoffs occurring across multiple Silicon Valley locations.
China's National Development and Reform Commission (NDRC) has sought to quell concerns over foreign capital outflow, particularly in the tech sector, following the de facto rejection of Meta's acquisition of AI startup Manus. The NDRC stated that China supports global innovation participation and has not prohibited foreign investment in its tech firms, while emphasizing adherence to Chinese laws and national security.
All 90 Hong Kong lawmakers will travel to Beijing in July for a week-long "national affairs study visit," including seminars and visits to key authorities and the tech sector. The trip aims to deepen their understanding of national policies and align with China's 15th five-year plan.
US President Trump faces Senate rebuke on Iran war, surging Treasury yields, and accelerating inflation ahead of midterms. Meanwhile, Google unveils new AI, SpaceX taps Goldman Sachs for IPO, and Anthropic hires OpenAI co-founder.
The Agency for Strategic Initiatives (ASI) will partner with Chinese universities and companies in high-tech fields, including medicine and creative industries. Director General Svetlana Chupsheva signed cooperation agreements during a visit to China.
A booming tech sector has disrupted translation jobs in publishing – but they could be needed for a while longer yetIn February 2022, while he was plugging away at rendering the US writer Dana Spiotta’s novel Wayward into French, the literary translator Yoann Gentric decided he needed a bit of light relief. He would test whether AI could put him out of work.Gentric had been grappling with a short non-verbal sentence that described the book’s protagonist’s feelings upon opening a window: “Bright, sharp night air, bracing.” He put the prompt into DeepL, a neural-network-powered machine translation engine that regularly outperforms Google Translate in accuracy assessments. Continue reading...
Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowersThe private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned.A new report into private credit by the global watchdog, which monitors financial authorities including central banks in 24 countries, found that the healthcare, services, and tech sectors have become the biggest borrowers of private credit. Continue reading...
Traders on prediction market platforms give a high probability to layoffs in the tech sector reaching more than 447,000 jobs in 2026.
Nvidia shares climbed 4.3% to close at $208.27, pushing its market capitalization past $5 trillion for the first time since October. The stock added more than $200 billion in market value in a single session, driven by soaring demand for AI infrastructure. The rally was supported by strong earnings from Intel and a broader semiconductor sector rebound, with the Nasdaq Composite up 15% in April.
While Ukraine seeks to shift its image from not only a recipient of military aid but also a provider, its battle-tested, anti-drone tech is taking center stage in the Iran war.
As China’s artificial intelligence sector accelerates, competition for top talent has intensified among major tech companies, with firms increasingly poaching from rivals while also attracting researchers from overseas hubs such as Silicon Valley. A reported high-profile personnel move involving DeepSeek researcher Guo Daya recently drew attention to the sensitivity surrounding AI hiring in China’s tech sector. Guo, a lead researcher on DeepSeek’s R1 model, joined ByteDance’s Seed AI development...
Swedish classrooms swap laptops for books, pens and paper, raising concerns from the tech sector.
