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06 May 2026

Infineon Technologies raises 2026 outlook as AI demand for data centers surges

Infineon Technologies upgraded its 2026 financial outlook as AI demand for power supply solutions surged, expecting €1.5 billion in AI data center revenue. The German chipmaker posted Q2 revenue of €3.81 billion, up 6% year-over-year, while net profit rose to €301 million. CEO Jochen Hanebeck cited the AI boom as a key driver, though investors remain cautious about margin pressure and weakness in the electric vehicle segment.

2 Sources

DeepSeek valuation rockets to $45B as China's Big Fund leads first fundraising round

DeepSeek is raising its first venture capital round with a valuation that has soared from $20 billion to $45 billion in just weeks. China's state-backed semiconductor fund is leading the investment as Beijing positions domestic AI technology to compete with U.S. rivals despite chip export controls.

5 Sources

iBall launches GLIDR Ai1 AI Mouse with ChatGPT integration and 100+ language support

iBall has unveiled the GLIDR Ai1 AI Mouse, bringing AI-powered features to everyday computing. The device supports voice and text translation across 100+ languages, ChatGPT integration, and OCR-based text extraction. With dual connectivity options and 7 programmable buttons, the launch marks iBall's aggressive push into the AI peripherals market.

2 Sources

Google preps AI Ultra Lite plan to bridge $230 pricing gap between Pro and Ultra subscriptions

Google is developing AI Ultra Lite, a new subscription tier positioned between its $20 AI Pro and $250 AI Ultra plans. Code discovered in the Gemini macOS app reveals the tier, codenamed Neon, could cost around $100 monthly. The company is also building a dedicated usage dashboard to help subscribers track their token budget and session limits in real time.

4 Sources

Alphabet closes in on Nvidia as cloud boom and custom AI chips reshape tech hierarchy

Alphabet is approaching Nvidia's position as the world's most valuable company, driven by explosive Google Cloud growth and its own AI chip development. The market cap gap has narrowed to under $200 billion as investors bet on Alphabet's ability to both compete with and potentially reduce dependence on Nvidia's semiconductors.

2 Sources

Samsung hits $1 trillion valuation as AI boom drives unprecedented demand for memory chips

Samsung Electronics crossed the $1 trillion market capitalization threshold on Wednesday, becoming the second Asian company to reach this milestone after TSMC. The South Korean tech giant's shares surged more than 10% following record quarterly profits driven by soaring demand for high-bandwidth memory chips essential to AI systems. With production capacity fully sold out through 2027 and memory shortages intensifying, Samsung stands at the center of the global AI infrastructure buildout.

5 Sources

Rivian explores in-house lidar manufacturing to complete its autonomous driving stack

Rivian is considering manufacturing its own lidar sensors in the United States, potentially through a partnership with Chinese firms, as CEO RJ Scaringe revealed in a Reuters interview. The move would complete the EV maker's vertical integration strategy, adding in-house sensor production to its existing custom chip program and proprietary AI software for autonomous driving.

2 Sources

Freshworks cuts 11% of workforce as AI writes over half its code, reshaping software development

Freshworks announced plans to eliminate 500 jobs, representing 11% of its workforce, as artificial intelligence transforms how the company builds software. CEO Dennis Woodside revealed that over half of the company's code is now written by AI, enabling significant automation of routine tasks. The restructuring affects departments globally and comes amid broader tech industry layoffs driven by AI adoption.

4 Sources

Cognizant plans to cut up to 15,000 jobs globally in AI-led restructuring under Project Leap

Cognizant is moving forward with major workforce reductions affecting up to 15,000 employees globally as part of its Project Leap initiative. The IT consulting firm is allocating between $230 million and $320 million in severance costs as it transitions to an AI operating model that combines digital and human labor. India, home to over 250,000 of Cognizant's 357,000 employees, will bear the brunt of these cuts.

2 Sources

Google scientist warns EU data sharing plan exposes users to privacy risk in under 2 hours

Sergei Vassilvitskii, Google's distinguished scientist, has warned the European Commission that its proposed anonymisation method for search data sharing is vulnerable to re-identification in less than two hours. The EU's Digital Markets Act requires Google to share search engine data with rivals like OpenAI by July 27, but the company's AI red team demonstrated critical flaws in the privacy safeguards.

3 Sources

PNB boosts cybersecurity spend by 50% to counter AI risks from models like Anthropic's Mythos

Punjab National Bank is ramping up cybersecurity investments by over 50%, earmarking $73.5-$84 million to safeguard against escalating digital threats from advanced AI models including Anthropic's Mythos. The move reflects increased regulatory focus on AI-related cybersecurity risks as India's finance minister meets with bank heads to assess preparedness.

2 Sources

Trump administration reverses course, now considers mandatory AI safety tests before release

The Trump administration is exploring an executive order requiring government vetting of AI models before public release, marking a dramatic reversal from its anti-regulation stance. The shift follows Anthropic's decision to withhold its Claude Mythos model over cybersecurity concerns, prompting partnerships with Google DeepMind, Microsoft, and xAI for pre-release evaluation.

7 Sources

Super Micro Computer beats revenue forecast on AI servers demand, shares surge 17%

Super Micro Computer projected fourth-quarter revenue between $11 billion and $12.5 billion, surpassing Wall Street estimates despite missing third-quarter targets. The server maker's shares climbed 17% in extended trading as the company banks on robust demand for artificial intelligence servers and expanding U.S. manufacturing capacity.

3 Sources

Anthropic strikes $200 billion Google cloud deal as revenue surges toward $1 trillion valuation

Anthropic has agreed to pay Google $200 billion over five years for cloud computing access, positioning itself for a near $1 trillion valuation. The Claude maker's annualised revenue is expected to cross $45 billion imminently, a fivefold increase from $9 billion at the end of last year, as computing capacity becomes the critical bottleneck in AI development.

9 Sources

Google Chrome quietly installs 4GB Gemini Nano AI model, sparking privacy and storage concerns

Google Chrome has been automatically downloading a 4GB AI model called Gemini Nano to users' devices, often without their knowledge. The file powers on-device AI features like scam detection and writing assistance, but its automatic installation has raised questions about user permission and transparency. Users can now disable the feature through Chrome settings to reclaim storage space.

25 Sources

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