Deutsche Bank is looking to hedge its massive exposure to data center financing as AI lending booms. The bank has extended billions to companies serving hyperscalers like Microsoft and Amazon, but now worries about potential overinvestment. They’re considering shorting AI stocks and buying default p
IBM is cutting thousands of employees this quarter, with architects, engineers, and AI specialists among those affected. The layoffs come as CEO Arvind Krishna continues to emphasize AI’s role in automating repetitive tasks and improving productivity across the company.
Researchers have discovered how to make magnetic materials effectively violate Newton’s third law using light. The technique induces non-reciprocal interactions that drive spontaneous rotation between magnetic layers. This could lead to new types of spintronic devices and light-controlled quantum ma
Super Micro Computer’s second-quarter profit forecast fell short of analyst estimates despite strong revenue projections. The server maker’s shares dropped sharply in late trading as investors questioned its ability to capitalize on AI equipment demand.
Kyndryl’s adjusted pretax income grew more than two-and-a-half times year-over-year despite a 1.4% revenue dip to $3.72 billion. CEO Martin Schroeter says the company’s consulting business and hyperscaler partnerships are set to accelerate growth in the second half of fiscal 2026.
Apple is finally entering the budget laptop market with a new MacBook priced well under $1,000. The device will use iPhone processors and come in multiple colors, targeting students and Chromebook users. This marks Apple’s first serious attempt to compete in the affordable computing space.
The AI hype cycle is ending in APAC as leaders pivot to practical implementation. According to Forrester research, businesses are moving beyond experimentation to scale AI in core functions while preparing for quantum computing and sovereign solutions.
Nearly all market researchers now use AI tools daily, saving hours each week. But 4 in 10 report dealing with AI errors and increased validation work. The industry has embraced AI while questioning its reliability.
Philips is eliminating 33 positions at its Bothell, Washington healthcare device manufacturing facility. The cuts affect production operators, warehouse operators and technicians and take effect December 31st.
Shares of Nvidia and Palantir are dropping significantly today as concerns mount about an AI bubble. The decline comes as prominent investor Michael Burry increases his bets against AI stocks, echoing his famous housing market short before the 2008 crash.
