Jasmin Watson 
Microsoft has reported quarterly revenue that exceeded Wall Street expectations, driven by strong growth in its artificial intelligence and cloud computing businesses as the company continues to push for wider global adoption of AI tools. The software giant said revenue for the October-to-December quarter reached $81.3 billion, an increase of 17% from the same period … Read more
The fast-growing generative video startup Higgsfield AI has raised an $80 million Series A extension, lifting its total Series A financing to more than $130 million and valuing the company at over $1.3 billion. Chief Executive Officer Alex Mashrabov said the company has seen rapid commercial adoption of its platform. Higgsfield reported an annual revenue … Read more
China has approved the import of its first batch of Nvidia’s H200 artificial intelligence chips from the United States, signaling a shift in Beijing’s stance toward advanced U.S. technology as demand for AI computing power surges. Nvidia, based in California, is the world’s leading supplier of high-performance AI chips used to train and run large-scale … Read more
Spanish fintech startup STAMP has raised €4 million in fresh funding to accelerate the modernization of the global Tax Free shopping industry and expand its next generation of payment and artificial intelligence–based services. The funding round was led by Dozen, with participation from EBISU Digital, Barça Innovation Hub, and a group of international business angels. … Read more
European Union regulators have opened a formal investigation into Elon Musk’s social media platform X for potential violations tied to the misuse of its AI tool Grok, the European Commission said Monday. The inquiry focuses on allegations that Grok has been used on X to create and circulate sexually explicit and harmful deepfake images, raising … Read more
The World Economic Forum concluded its 2026 Annual Meeting this week with record-setting participation as the meeting brought together more than 3,000 participants from 130 countries, including 830 chief executives and board chairs and nearly 65 heads of state and government. The Forum President and CEO Børge Brende described the turnout as a record and … Read more
Microsoft Corp. and the Mercedes-AMG PETRONAS F1 Team on Thursday announced a multiyear partnership that puts Microsoft’s technologies at the heart of race team operations. Through this new collaboration, the companies aim to drive efficiencies and innovations that will help drive performance and amplify the excitement for the more than 800 million Formula 1 fans … Read more
Amazon is preparing to cut thousands of corporate jobs in what would be the largest workforce reduction in the company’s history, which would affect nearly 10% of Amazon’s white-collar workforce and extend the E-commerce giant’s efforts to streamline operations after an earlier round of layoffs. According to Reuters, the second phase of job reductions is … Read more
Global leaders at the World Economic Forum‘s 2026 annual meeting urged employers to place workers at the heart of artificial intelligence integration, warning that without intentional upskilling and inclusion, societies risk instability amid rapid job transformations. In a panel titled “Workers in the Driver’s Seat,” experts including Denis Machuel, CEO, Adecco Group, Luc Triangle, General … Read more
OpenAI’s annual revenue exceeded $20 billion in 2025, the company’s chief financial officer Sarah Friar said Monday, marking a substantial increase from about $6 billion in 2024. According to details, CFO Sarah Friar in her blog said the sharp revenue rise closely tracked an expansion of the company’s computing capacity, which grew to approximately 1.9 … Read more
In a significant move for the global media and publishing sector, Symbolic.ai Inc. has partnered with News Corp to deploy its AI-native publishing platform at Dow Jones Newswires which is the publisher of The Wall Street Journal, Barron’s, MarketWatch, Mansion Global, Financial News and Private Equity News. The agreement marks one of the most significant … Read more
The Wikimedia Foundation has signed new commercial agreements with major artificial intelligence companies including Microsoft, Meta, Amazon, Perplexity and Mistral AI, part of an effort to help offset the rising infrastructure costs tied to AI training on the volunteer-run encyclopedia. The deals will allow AI platforms to access Wikipedia’s structured content at scale through the … Read more
European satellite operator Eutelsat has signed a multi-launch agreement with French space startup MaiaSpace to deploy low Earth orbit (LEO) satellites beginning in 2027, marking a strategic step for Europe as it seeks to compete more directly with SpaceX’s Starlink. MaiaSpace, a subsidiary of European rocket manufacturer ArianeGroup, will provide an additional launch option for … Read more
Cast AI, a cloud optimization platform, has reached a valuation exceeding $1 billion with the launch of its new GPU marketplace and a strategic investment from a major Korean conglomerate. The company unveiled OMNI Compute on Monday, a unified control plane that automatically discovers and integrates compute resources, including GPUs, across multiple cloud providers and … Read more
LAS VEGAS — Captify, a startup developing smart glasses that provide real-time captions and translations, won the grand prize in the AgeTech After Dark pitch competition at CES 2026, the AgeTech Collaborative from AARP announced. The victory highlights Captify‘s technology aimed at improving accessibility for people who are deaf or hard of hearing by delivering … Read more
Pakistan’s largest information technology and telecommunications exhibition, the 27th ITCN Asia, is set to open Jan. 17 at the Expo Centre Lahore, bringing together thousands of industry professionals, government officials, startups and international investors amid growing efforts to position the country as a regional digital hub. This year’s edition of ITCN Asia is presented with … Read more