As AI comparables grow tougher and trade tensions persist, the technology sector faces its most challenging earnings test yet. Can artificial intelligence continue carrying global markets through 2026 amid narrowing growth gaps?
Chip equipment manufacturer Applied Materials is reducing its global workforce by 4% as export restrictions to China continue to impact revenue. The company reportedly faces significant financial challenges from tightened trade regulations. Employee notifications began in late October as part of broader organizational restructuring.
Semiconductor equipment manufacturer Applied Materials is implementing workforce reductions affecting approximately 4% of its global employees, according to reports from Bloomberg. Based on the company’s current staffing levels, these cuts could impact more than 1,400 workers worldwide. Sources indicate the company began notifying affected employees on October 23 as part of a broader organizational restructuring effort.
Nintendo’s Aggressive Production Scale-Up for Switch 2 Nintendo has reportedly initiated a significant manufacturing acceleration for its Switch 2 console,…
The race for AI supremacy is creating an unprecedented surge in electricity demand that’s affecting consumers today. According to energy analysts, even data centers that haven’t been built yet are contributing to rising power bills across the United States.
American electricity consumers are facing higher power bills from an unexpected source: data centers that don’t even exist yet. According to reports, the massive computing facilities planned by tech giants to support artificial intelligence development are already influencing energy markets and utility pricing structures nationwide.
The Hyperion Deal: A Masterclass in Off-Balance-Sheet Financing In a landmark transaction that could redefine how tech giants fund massive…
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The UK government reportedly considered destroying a London data center with Chinese ownership links over security concerns. According to Bloomberg, ministers proposed the extreme measure after the facility storing sensitive government information was acquired by a China-aligned entity.
The UK government under the former Conservative administration reportedly considered destroying a data center in London after it was acquired by an entity with links to China, according to a Bloomberg investigation. Sources indicate that ministers “briefly proposed a plan to destroy the data center before it was made secure in a different way,” though what exactly “destroy” meant in this context remains unspecified.
