The U.S. stock market experienced a sharp correction with the S&P 500 falling nearly 2% after a strong rally, led by a $273 billion loss among the 'Magnificent 7' tech companies. Google saw the largest drop, losing nearly $100 billion in value, while Apple was the only gainer in the group. Key factors driving the sell-off include renewed tensions with Iran, rising 30-year Treasury yields above 5%, growing skepticism about AI productivity gains, and anticipation of Nvidia's earnings report. Nvidia's results could heavily influence the market's short- and long-term direction given its pivotal role in the AI sector and its massive valuation.
The global Small Modular Reactor (SMR) market is entering a 'Golden Age' with expected growth to 700 GW and a market value of $0.5-1.5 trillion by 2050. Governments and industries are increasingly adopting SMRs as scalable, zero-carbon power sources ...
Singapore has signed agreements with OpenAI and Google to enhance its AI ecosystem and accelerate AI use in public services, healthcare, education, and enterprise. OpenAI will invest over 300 million Singapore dollars to establish its first overseas ...
At Google I/O, Wear OS 7 received minimal attention as Google emphasized AI-driven health tools, including a new Fitbit Air fitness band and an AI health coach subscription service. Wear OS 7 updates focus on minor improvements like better battery li...
In Q1 2026, Bill Ackman sold 95% of his Alphabet shares, missing out on $641 million in gains as the stock surged. He shifted his investment to Microsoft, which gained $271.8 million since the end of the quarter, partially offsetting the losses. Ackm...
Google introduced 'Ask YouTube,' an AI feature that directs users to specific video timestamps answering their queries, potentially reducing full video views. While this improves search convenience, it risks undermining YouTube creators' revenue stre...
