News
BMO Develops Quantum Algorithm to Forecast Earthquake Risks
2+ hour, 3+ min ago (789+ words) Bank of Montreal (BMO) has secured a provisional patent for a quantum algorithm designed to predict earthquakes as part of a broader push into advanced technology. Kristin Milchanowski, the firm's chief AI and quantum officer, announced the initiative on May…...
Coinbase Cuts 700 Jobs to Optimize Operations for AI Era
2+ hour, 5+ min ago (306+ words) Coinbase Global announced on Tuesday a workforce reduction of 700 employees, representing a 14 percent cut to its total headcount. As reported by Detik Finance, the digital asset firm is implementing the layoffs to control expenditures and realign its business model for…...
Nvidia Partners with Corning in 500 Million Dollar Fiber Optics Deal
5+ hour, 16+ min ago (293+ words) Nvidia (NVDA) established a partnership with glass manufacturer Corning (GLW) on Wednesday, May 6, 2026, to develop three new fiber optics plants. The agreement includes Nvidia purchasing $500 million in rights for Corning stock to bolster AI infrastructure and data center capabilities. The…...
Coinbase CEO Forecasts AI Driven Mass Layoffs Across All Industries
3+ hour ago (269+ words) The reduction at Coinbase follows a massive wave of tech-sector downsizing recorded in early 2026. According to data from Layoffs. fyi, approximately 100 technology firms have eliminated over 92, 000 jobs this year, even as many of these organizations report substantial cash reserves and…...
X Users Mute Cryptocurrency Most Frequently Among Platform Topics
1+ hour, 23+ min ago (25+ words) Cryptocurrency has emerged as the most silenced topic on the social media platform X following the launch of a new snooze feature for premium members....
Broadcom Projects $10. 7 Billion AI Revenue Following Record Growth
2+ hour, 53+ min ago (290+ words) Broadcom Inc. projected a massive acceleration in artificial intelligence semiconductor demand on March 4, 2026, as reported by Detik Finance. The tech giant expects revenue from its AI segment to reach $10. 7 billion in the second fiscal quarter after record-breaking performance. First-quarter results…...
Service Now Surpasses Growth Guidance Following Cyber Acquisition
12+ hour, 12+ min ago (242+ words) Service Now, Inc. exceeded its topline and profitability guidance for the first quarter of 2026 as the company expanded its footprint in the artificial intelligence and cybersecurity sectors. The enterprise software firm also finalized its acquisition of Armis earlier than anticipated…...
Energy Companies Powering the AI Infrastructure Boom
13+ hour, 25+ min ago (211+ words) - The AI buildout is driving an unprecedented surge in power demand, with U. S. electricity needs projected to grow by 166 gigawatts by 2030. - Rob Spivey of Altimetry Research identifies GE Vernova, Bloom Energy, and Kodiak Gas Services as three energy companies positioned to…...
Semiconductor Stocks Gain Momentum as May Historical Performance Boosts Outlook
13+ hour, 53+ min ago (302+ words) The semiconductor industry has experienced a significant surge this spring, sustained by a robust artificial intelligence boom despite ongoing geopolitical tensions. Dilansir dari Detik Finance, this past April emerged as one of the most successful months for the sector on…...
Caterpillar Revenue Jumps 22 Percent on AI Data Center Demand
9+ hour, 45+ min ago (213+ words) Harian Basis. co Caterpillar reported a 22 percent increase in first-quarter revenue to approximately $17. 42 billion on April 30, 2026, driven by surging demand for power and energy systems used in artificial intelligence data centers. The Texas-based industrial giant subsequently raised its full-year sales…...