Esteban Tesson

Anthropic partners with SpaceX to bolster AI capabilities

Anthropic has entered into a strategic partnership with SpaceX to utilize the full computing capacity of the Colossus 1 data center located in Memphis, Tennessee. Under the terms of the agreement, the AI specialist will benefit from over 300 megawatts of computing power. The group also indicated that it is considering future collaboration with SpaceX regarding the development of multi-gigawatt infrastructure in space.

07 May 2026 at 04:13 am AEST

Instacart expects solid activity despite a slowdown in orders

Instacart posted second-quarter guidance above expectations, saying consumers are still gravitating toward discounted items as persistent pressure on purchasing power continues. The company expects gross transaction value of $10.10bn to $10.25bn, versus the $10.07bn analysts expected, according to LSEG. Adjusted operating profit is seen at $290m to $300m, broadly in line with market forecasts.

07 May 2026 at 04:10 am AEST

Anthropic teams up with SpaceX to boost its artificial intelligence firepower

Anthropic has struck a strategic partnership with SpaceX to tap the full computing capacity of the Colossus 1 data center, located in Memphis, Tennessee. Under the deal, the artificial intelligence company will gain access to more than 300 megawatts of compute power. The group also said it is considering a future collaboration with SpaceX to develop multi-gigawatt infrastructure in space.

07 May 2026 at 03:08 am AEST

AMD raises guidance on the back of artificial intelligence boom

Advanced Micro Devices (AMD) expects Q2 revenue to exceed expectations, driven by robust demand for data center chips. The group forecasts revenue of approximately $11.2bn, plus or minus $300m, compared to the $10.52bn expected by analysts according to LSEG. Following the announcement, the stock rose by approximately 6% in after-hours trading.

06 May 2026 at 07:21 am AEST

Huntington Ingalls penalized by rising costs in Q1

American military shipbuilder Huntington Ingalls saw its profitability decline in Q1, amid a backdrop of inflation and global trade disruptions. Despite robust US demand for submarines and aircraft carriers, rising costs weighed on performance. In response to these results, the group's shares fell over 10% during trading. However, geopolitical tensions and China's naval buildup continue to support demand prospects.

06 May 2026 at 07:17 am AEST

AMD raises its outlook on the surge in artificial intelligence

Advanced Micro Devices (AMD) is projecting second-quarter revenue above expectations, fueled by strong demand for data-center chips. The company expects revenue of about $11.2bn, plus or minus $300m, versus $10.52bn expected by analysts, according to LSEG. Following the release, the stock rose about 17% in after-hours trading.

06 May 2026 at 06:36 am AEST

Fiserv misses on revenue as core business segments come under pressure

The payments group posted mixed results, with revenue falling short of expectations and profitability declining amid an internal strategic overhaul.

06 May 2026 at 06:12 am AEST

PayPal launches $1.5bn cost-cutting plan, confirms guidance

The payments group is embarking on a reorganization and leveraging artificial intelligence to drive efficiency amid mounting pressure on profitability.

06 May 2026 at 06:08 am AEST

Huntington Ingalls hit by rising costs in the first quarter

U.S. military shipbuilder Huntington Ingalls saw profitability slip in the first quarter, against a backdrop of inflation and disruptions to global trade. Despite solid demand in the United States for submarines and aircraft carriers, higher costs weighed on performance. In response to the results, the company’s shares fell % in the session. Geopolitical tensions and China’s expanding naval capabilities are nevertheless supporting demand prospects.

06 May 2026 at 06:06 am AEST

Fiserv Disappoints on Revenue as Pressure Mounts on Core Businesses

The payments group posted mixed quarterly results, with revenue below expectations and profitability down, as it navigates an internal transformation.

06 May 2026 at 05:52 am AEST

PayPal rolls out a $1.5bn cost-saving plan and reaffirms its targets

The payments group is launching a reorganization and banking on artificial intelligence to improve efficiency, as pressure on profitability persists.

06 May 2026 at 05:30 am AEST

Palantir: Record Results, Forecasts Raised and a Sky-High Valuation

The software specialist, now a Wall Street bellwether, has delivered exceptionally strong results alongside an ambitious guidance hike. Despite this, the stock fell nearly 6% in intraday trading, weighed on by a valuation increasingly seen as unsustainable, along with slightly disappointing growth in the US commercial segment.

06 May 2026 at 03:05 am AEST

Palantir: record earnings, upward revisions, and a dizzying valuation

The software specialist, now a fixture on Wall Street, posted particularly strong results alongside an ambitious upgrade to its outlook. Even so, the stock is down nearly 6% in the session, weighed by a valuation increasingly seen as hard to justify and slightly disappointing growth in its U.S. commercial business.

06 May 2026 at 02:05 am AEST

Apple explores alternatives to TSMC to secure supply chains

According to reports from Bloomberg News, Apple is considering diversifying its chip manufacturing partners by entering preliminary discussions with Intel and Samsung Electronics. Executives from the group reportedly visited a Samsung production site that is being built in Texas, while simultaneously evaluating Intel's industrial capabilities. This move aims to reduce dependence on Taiwan Semiconductor Manufacturing Company (TSMC), which currently handles the bulk of Apple's processor production.

06 May 2026 at 12:16 am AEST

Tech Giants Open AI Models to US Authorities

Microsoft, Google and xAI have agreed to submit their systems to safety checks prior to launch, amid mounting concerns over the risks associated with artificial intelligence.

06 May 2026 at 12:11 am AEST

Tech Giants Open AI Models to US Authorities

Microsoft, Google and xAI have agreed to submit their systems to safety screenings prior to launch, amid mounting concerns over risks associated with artificial intelligence.

06 May 2026 at 12:06 am AEST

Apple explores alternatives to TSMC to secure its supply chain

According to Bloomberg News, Apple is considering diversifying its chip manufacturing partners, holding preliminary talks with Intel and Samsung Electronics. Company executives reportedly visited a Samsung production site under construction in Texas, while also evaluating Intel's manufacturing capabilities. The move is aimed at reducing reliance on Taiwan Semiconductor Manufacturing Company (TSMC), which currently handles the bulk of Apple's processor production.

06 May 2026 at 12:05 am AEST

Coinbase slashes headcount to accelerate AI pivot

The cryptocurrency exchange has announced a 14% reduction in its workforce as it seeks to streamline its structure amid market uncertainty and the rapid rise of artificial intelligence.

06 May 2026 at 12:01 am AEST

Tech giants open their AI models to U.S. authorities

Microsoft, Google and xAI have agreed to submit their systems to safety checks ahead of launch, as concerns grow about the risks tied to artificial intelligence.

05 May 2026 at 11:28 pm AEST

Coinbase cuts headcount to accelerate its pivot to AI

The cryptocurrency exchange platform says it will eliminate 14% of roles to reshape its organization for a more uncertain market and the rise of artificial intelligence.

05 May 2026 at 11:17 pm AEST

Paramount Skydance beats expectations on streaming and cinema strength

The merged entity posted solid Q1 results, bolstered by Paramount+ growth and production success, while reaffirming its full-year guidance.

05 May 2026 at 07:14 am AEST