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27 Feb 2026

Google and Meta strike multibillion-dollar AI chip deal as tech giants race to scale AI infrastructure

Meta has signed a multibillion-dollar agreement to rent Google's Tensor Processing Units through Google Cloud for developing new AI models. The multi-year deal allows Meta to diversify its AI hardware beyond Nvidia and AMD as the company projects $135 billion in AI infrastructure spending by 2026. Meta is also in talks to purchase TPUs outright for its own data centers.

7 Sources

Ambarella posts 37% revenue growth as Edge AI adoption drives automotive and robotics expansion

Ambarella reported record annual revenue of $390.7 million in fiscal 2026, marking a 37% year-over-year increase driven by Edge AI products. The chip designer projects 10%-15% revenue growth for fiscal 2027, fueled by new 5-nanometer and 4-nanometer AI SoCs across automotive, IoT, and robotics markets. CEO Fermi Wang emphasized the company's strategic shift toward Edge AI applications and indirect sales channels.

3 Sources

UK activists plan protests over climate and social impacts of AI data centres

Environmental charity Global Action Plan is coordinating two days of protests in Britain against the rapid expansion of data centers serving AI demand. Activists cite risks to UK's climate targets as 140 data centres seek 50 gigawatts of power—more than the country's 45 GW peak electricity demand. Local communities demand a moratorium on hyperscale facilities until proper public debate and engagement frameworks are established.

2 Sources

ASML expands chipmaking tools beyond EUV lithography to capture booming AI chips market

ASML, the sole producer of extreme ultraviolet lithography machines, is diversifying into advanced packaging and larger chip production tools to meet AI demand. The $560-billion company plans to develop equipment for connecting specialized chips and expand beyond its current postage stamp-sized printing limit, aiming to capture more of the rapidly growing AI processor market over the next 10-15 years.

8 Sources

Jack Dorsey cuts 4,000 jobs at Block, citing AI tools that 'can do more and do it better'

Block, the fintech company behind Square and Cash App, is slashing nearly half its workforce—more than 4,000 jobs—in one of the most explicit AI-driven workforce reductions yet. CEO Jack Dorsey says intelligence tools have fundamentally changed what it means to run a company, and warns most businesses are late to this realization. Wall Street rewarded the move with a 25% share price jump.

65 Sources

Apple seeks dismissal of fraud lawsuit over Siri AI delays and Epic Games compliance

Apple is fighting a proposed class-action lawsuit accusing it of defrauding shareholders over delayed Siri AI features and Epic Games injunction violations. The Cupertino company argues there's no proof it knowingly misled investors about AI timelines or compliance challenges, while shareholders led by South Korea's National Pension Service claim potentially hundreds of billions in losses.

3 Sources

ServiceNow Autonomous Workforce launches with AI specialists handling 90%+ of IT requests autonomously

ServiceNow has launched its Autonomous Workforce platform featuring AI specialists that execute end-to-end enterprise work, not just assist with tasks. The company's own deployment shows the Level 1 Service Desk AI Specialist resolving cases 99% faster than human agents. Alongside this, ServiceNow EmployeeWorks integrates Moveworks' conversational AI to turn natural language requests into governed execution for nearly 200 million employees.

4 Sources

Stripe warns blockchain must hit 1 billion TPS to support the future wave of AI agents

Stripe's co-founders say blockchains need to process up to 1 billion transactions per second as AI agents become primary conductors of online transactions. Current networks like Solana process only 1,140 TPS, exposing a massive infrastructure gap that could turn today's cryptocurrency networks into bottlenecks rather than backbones.

2 Sources

26 Feb 2026

Dell stock surges 21% as AI server sales projected to hit $50 billion in fiscal 2027

Dell Technologies shares jumped 21% after the company projected $50 billion in AI server revenue for fiscal 2027, more than doubling from the prior year. The tech giant beat fourth-quarter estimates with $33.4 billion in sales, up 39% year-over-year, and enters the year with a record backlog of $43 billion in orders. The strong financial results signal robust demand for AI infrastructure despite rising memory chip costs.

8 Sources

Gemini now searches Google Chat history to surface buried information across Workspace

Google has integrated Chat history into Gemini, allowing the AI to search through work conversations and summarize missed messages. The feature is off by default but available across Business, Enterprise, Education, and Nonprofit Workspace accounts. Admins get new controls over conversation history and data retention policies.

3 Sources

AI-Generated Review by Fake Author Briefly Infiltrates Metacritic for Resident Evil Requiem

A fake AI-generated review of Resident Evil Requiem appeared on Metacritic before being removed. The review was written by a non-existent author named Brian Merrygold with an AI profile image labeled as a ChatGPT file. VideoGamer, the site that published it, had recently laid off its editorial staff to pivot to AI-generated content, raising serious questions about content quality control at major review aggregators.

3 Sources

Google Translate AI update brings Gemini-powered tools to decode idioms and handle nuance

Google Translate is rolling out an AI update powered by Gemini AI that transforms how users handle tricky phrases. The new features include alternative phrasings, context explanations, and interactive buttons for understanding idioms and slang. Available now on Android and iOS in the US and India, with a web version coming soon.

3 Sources

Google brings free AI training to all Massachusetts residents through state partnership

Google announced a partnership with Governor Maura Healey and the Massachusetts AI Hub to provide every Bay State resident with no-cost access to AI and career training programs. The initiative includes the Google AI Professional Certificate and Google Career Certificates, covering cybersecurity, data analytics, and project management to help the workforce adapt as AI reshapes industries.

2 Sources

Apple releases Xcode 26.3 with agentic coding support from Anthropic and OpenAI

Apple launched Xcode 26.3, introducing support for agentic coding that allows developers to integrate AI agents from Anthropic and OpenAI directly into their workflow. The update enables AI tools like Claude Agent and Codex to autonomously perform complex tasks, from writing boilerplate code to updating entire projects, while also supporting the open Model Context Protocol for broader compatibility.

2 Sources

CoreWeave shares plunge 13% as $35 billion AI spending plan triggers investor concerns

CoreWeave's stock tumbled after the AI cloud infrastructure provider announced plans to more than double capital expenditure to $35 billion in 2026. The company posted a wider-than-expected loss of 89 cents per share while revenue hit $1.57 billion. Despite a $66.8 billion revenue backlog and partnerships with OpenAI and Microsoft, investors worry about margin pressure and the company's ability to deliver returns on massive infrastructure investments.

10 Sources

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