Breaking News: Technology
- Amazon laying off about 16,000 corporate workers in latest anti-bureaucracy push - Amazon laid off 14,000 corporate staff in October.
- South Korea's SK Hynix to establish a special ‘AI Company’ in the U.S. - SK Hynix will set up a new U.S.-based company focused on artificial intelligence solutions, with $10 billion committed to the project.
- SK Hynix smashes earnings estimates as AI memory demand drives record profit - South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, to beat estimates.
- Chip giant ASML posts record orders and upbeat 2026 guidance as AI boom continues - ASML is experiencing several tailwinds including an expectation of increased chipmaking capacity and continued demand for AI semiconductors.
- One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models - Chinese companies are releasing new AI models and striving to gain an edge in the AI application race as the country's biggest holiday of the year nears.
- Amazon inadvertently sends email to employees confirming Wednesday layoffs - Amazon sent a notice out to staffers in an apparent error acknowledging "organizational changes" at the company.
- Intel says it will match government's 'Trump Accounts' contribution to kids of employees - The 530A program, often called "Trump Accounts," passed last year as part of the administration's "big beautiful bill."
- Big Tech’s AI data center push is spawning a new heat economy - AI’s energy problem may also be its solution, as cities are increasingly exploring opportunities to repurpose excess heat from data centers.
- Chinese tech giant Tencent plots Middle East cloud expansion as spending in the region booms - Tencent's expansion will likely put it into more direct competition with U.S. giants including Amazon, Microsoft and Google.
- Microsoft's plans for 15 more data centers win approval at former Wisconsin Foxconn site - Microsoft intends to expand in a place where it's been welcomed, months after backing down on a rezoning attempt in an adjacent village when residents objected.