Trillion Dollar Club Archives - Page 9 of 21

MondayApr 06, 2026 10:00 am

Oracle Lays Off Thousands, Ramps Up AI Spending

American tech firm Oracle is letting go of thousands of its employees as the company ramps up its investment in AI to compete with other Big Tech companies like Amazon and Alphabet in the cloud computing segment. Writing on LinkedIn, Michael Shepherd, one of the senior managers at the company, revealed that architects, senior engineers, program managers, technical specialists and operations leaders were affected by the cuts. These employees possessed skills in enterprise systems, cloud infrastructure and sovereign/government cloud environments, he added. The job losses come at a time when the $420 billion market cap tech firm is working to…

ThursdayApr 02, 2026 10:00 am

Could the War in Iran Cause the AI Bubble to Burst?

The ongoing Iran war has led many AI industry watchers and investors to start getting concerned about whether this conflict could push the industry over the edge and cause what many call “the AI bubble” to burst. Several developments have led these grim predictions to seem credible to many. The first point of weakness is the huge power appetite of the AI industry. Data centers consume enormous amounts of energy, and their energy demand has led some communities to push back against the construction of these facilities in their backyard. Oil prices have skyrocketed as a result of disruptions to…

TuesdayMar 31, 2026 10:00 am

Michelin Creates New Tires Capable of Boosting EV Range

Electric vehicle manufacturers are constantly seeking ways to boost how far their models can go on a single charge, and a French tire maker has just come up with new tires that they say can boost EV range. Vehicle makers usually focus on coming up with more powerful batteries and motors to increase range, but the innovation by Michelin is taking the quest for extra range in a different direction. The company’s Primacy 5 Energy tires are lauded as a big game-changer in EV range. Michelin says these new tires slash the stopping distance by 8% under wet road conditions…

FridayMar 27, 2026 10:00 am

Arizona Residents Mobilize to Resist Data Centers Proliferating in Their Communities

As tech firms race to expand their data center footprint across the U.S., residents are uniting to fight back against such a build-out, citing the adverse effects that such projects have on the environment and their communities. Locals in Arizona have become particularly vocal in their opposition to the mushrooming data centers in their communities. Residents say that these industrial facilities being constructed by tech firms consume enormous amounts of water and electricity, yet the state and the broader Southwest part of the country already suffers from scarcity of these resources due to the severe droughts that plague this region.…

ThursdayMar 26, 2026 10:00 am

Court Starts Hearing Anthropic’s Lawsuit Against the Pentagon

On Tuesday, AI firm Anthropic faced off with the U.S. Department of Defense in a federal court as the tech firm sought a temporary injunction against the decision by the DoD to stop the U.S. military and any contractors working with the government from using artificial intelligence tools developed by Anthropic. This comes amid an escalating rift between the two parties after Anthropic declined to have its tools used to conduct mass surveillance within the U.S. and leverage the company’s AI in combat-linked tasks like autonomous weapons targeting. The company insisted that it wasn’t willing to remove the guardrails it…

TuesdayMar 24, 2026 10:00 am

AI Adoption in Health Care Could Worsen Public Distrust

A study published after Anthropic and OpenAI each unveiled dedicated AI initiatives for use in health care found that ChatGPT’s Health chatbot exhibited a 50% likelihood to give erroneous advice by recommending that users delay seeking care and yet the situation actually warranted immediate attention. Such a high error rate wasn’t flagged prior to the rollout of the chatbot, and such an omission brings to light the mistake in the uptake of new tech systems without first subjecting them to rigorous testing by health authorities to ascertain the extent to which they can be relied upon. Mistakes subsequently made as…

FridayMar 20, 2026 10:00 am

Tech Stocks in Asia Sink as Attacks in Qatar Rattle Investors

Tech investor sentiment was rattled after Iran targeted Ras Laffan, an industrial city in Qatar that houses critical oil infrastructure and natural gas export facilities. As concerns about supply chains pivotal to the tech industry grew, tech stocks in Asia took a beating during the day’s trading on Thursday. Samsung Electronics stock slipped by 1.8% while SK Hynix slid by 2.23%. Seoul Semiconductor saw its shares decline by 2.53%. In Japan, the situation wasn’t any different. Advantest slid by more than 4% and Tokyo Electron declined by 1.99%. In China, MiniMax slipped by 10% while Knowledge Atlas recorded an 8%…

ThursdayMar 19, 2026 10:00 am

Helium Shortage Puts Semiconductor Industry at Risk

Helium supply is tightening around the world as disruptions to the production of this critical gas in Qatar threaten industries that depend on helium. The production disruption was triggered by the Iran conflict. When Israel and the U.S. launched Operation Epic Fury at the end of last month, Qatar halted production at Ras Laffan. This facility is the largest helium production plant globally and meets about one third of worldwide helium demand. As a result of this disruption, the price of helium has doubled on global markets. Prices could further hike by between 25% and 50% if production in Qatar…

TuesdayMar 17, 2026 10:00 am

Oil Prices Could Rise Further as Iran Conflict Targets Export Hubs

Since the United States and Israel launched strikes against Iran a fortnight ago, oil prices have risen by approximately 40% and they are set to climb further as the conflict enters its third week. With the Strait of Hormuz effectively shut by the Iranians and Middle East oil export hubs increasingly coming into the crosshairs of this war, the supply disruptions are setting up oil for major price increases. The IEA’s announcement that about 400 million barrels of crude oil currently held in national reserves will be released onto the market has done little to quell unease in international oil…

FridayMar 13, 2026 10:00 am

Meta Launches AI Chips to Reduce Reliance on Purchased Products

Meta is taking steps to increasingly rely on in-house AI chips as it moves to reduce its dependence on chips made by other companies. The firm revealed that it started this project back in 2023 and plans to release four new generations of its chips in the coming two years. Its MTIA, or Meta Training & Inference Accelerator, chips are being made with emphasis on GenAI tasks, recommendations, and ranking in the products of the company. The tech company revealed that its MTIA chips will form the core of the hardware they use and will then supplement these chips with…

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Category: Trillion Dollar Club