Chris Liu
The Latest
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Lumen Stock Soars by 93% After Securing $5 Billion in AI Deals
Lumen Technologies announced securing $5 billion in new contracts to install fiber cables essential for AI data processing. This significant development led to a dramatic 93% rise in the company's stock, closing at $5 per share on Tuesday. Lumen, which provides fiber networks necessary for AI operations, is also in discussions for an additional $7 billion in potential deals as customer demand continues to grow. 
Lumen Technologies announced securing $5 billion in new contracts to install fiber cables essential for AI data processing. This significant development led to a dramatic 93% rise in the company's stock, closing at $5 per share on Tuesday. Lumen, which provides fiber networks necessary for AI operations, is also in discussions for an additional $7 billion in potential deals as customer demand continues to grow. -
Microsoft Fires Back at Delta Over $500 Million Outage Blame
Microsoft and cybersecurity firm CrowdStrike are pushing back against Delta Air Lines' assertion that a recent technology outage, which led to thousands of canceled flights, was their fault. The dispute centers around a global IT failure in July that Delta claims cost the airline $500 million. The tension between the tech giants and the airline has escalated, with both sides trading barbs over the handling and responsibility of the incident. 
Microsoft and cybersecurity firm CrowdStrike are pushing back against Delta Air Lines' assertion that a recent technology outage, which led to thousands of canceled flights, was their fault. The dispute centers around a global IT failure in July that Delta claims cost the airline $500 million. The tension between the tech giants and the airline has escalated, with both sides trading barbs over the handling and responsibility of the incident. -
ByteDance Launches AI Video App Jimeng AI, Rivals OpenAI's Sora
ByteDance has launched Jimeng AI, a new application that converts text prompts into videos. This latest innovation positions ByteDance alongside a growing list of Chinese technology firms diving into the burgeoning AI video market, a space notably targeted by OpenAI with its Sora model. 
ByteDance has launched Jimeng AI, a new application that converts text prompts into videos. This latest innovation positions ByteDance alongside a growing list of Chinese technology firms diving into the burgeoning AI video market, a space notably targeted by OpenAI with its Sora model. -
Elon Musk Sues OpenAI Over Microsoft Partnership, Alleging Fraud and Breach of Contract
Elon Musk has reignited his legal battle against OpenAI, this time targeting its partnership with Microsoft. In a lawsuit filed in the Northern District of California, Musk accuses OpenAI's CEO Sam Altman and President Greg Brockman of fraud and breach of contract, alleging they swindled him out of $45 million. Musk claims the AI venture deviated from its original mission to develop technology "for the benefit of humanity" by forming a lucrative partnership with Microsoft. 
Elon Musk has reignited his legal battle against OpenAI, this time targeting its partnership with Microsoft. In a lawsuit filed in the Northern District of California, Musk accuses OpenAI's CEO Sam Altman and President Greg Brockman of fraud and breach of contract, alleging they swindled him out of $45 million. Musk claims the AI venture deviated from its original mission to develop technology "for the benefit of humanity" by forming a lucrative partnership with Microsoft. -
Groq Secures $640 Million in Funding Led by BlackRock, Valuation Soars to $2.8 Billion
Groq, a Silicon Valley startup specializing in AI chips, has successfully raised $640 million in a Series D funding round, bringing its valuation to an impressive $2.8 billion. This latest round of funding was spearheaded by BlackRock, with significant contributions from Cisco Investments, Samsung Catalyst Fund, and several other notable investors. 
Groq, a Silicon Valley startup specializing in AI chips, has successfully raised $640 million in a Series D funding round, bringing its valuation to an impressive $2.8 billion. This latest round of funding was spearheaded by BlackRock, with significant contributions from Cisco Investments, Samsung Catalyst Fund, and several other notable investors. -
Apple's First Foldable iPad Faces Delays, Expected Now in 2026 Due to Display Issues
Apple Inc. may face delays in launching its first foldable device, originally anticipated for 2025, according to new insights from Haitong Securities analyst Jeff Pu. The analyst, in a note to investors, highlighted that the expected release of Apple's foldable iPad could be pushed to 2026 due to concerns over display durability. 
Apple Inc. may face delays in launching its first foldable device, originally anticipated for 2025, according to new insights from Haitong Securities analyst Jeff Pu. The analyst, in a note to investors, highlighted that the expected release of Apple's foldable iPad could be pushed to 2026 due to concerns over display durability. -
CrowdStrike Faces Investor Lawsuit and Corporate Backlash Following Global Outage
CrowdStrike, a leading cybersecurity company, is facing a class action lawsuit from shareholders following a significant global outage caused by a faulty software update. The incident, which occurred on July 19, led to the crash of over 8 million computers worldwide and has resulted in severe disruptions across various sectors, including airlines, banks, hospitals, and emergency services. 
CrowdStrike, a leading cybersecurity company, is facing a class action lawsuit from shareholders following a significant global outage caused by a faulty software update. The incident, which occurred on July 19, led to the crash of over 8 million computers worldwide and has resulted in severe disruptions across various sectors, including airlines, banks, hospitals, and emergency services. -
Delta Faces $500 Million Hit from IT Meltdown, Seeks Damages from CrowdStrike and Microsoft
Delta Air Lines is grappling with the financial fallout from a significant IT outage earlier this month, which CEO Ed Bastian disclosed has cost the company $500 million. The disruption, caused by a botched software update from cybersecurity firm CrowdStrike, led to thousands of canceled flights and left passengers stranded, incurring massive costs in lost revenue and customer compensation. 
Delta Air Lines is grappling with the financial fallout from a significant IT outage earlier this month, which CEO Ed Bastian disclosed has cost the company $500 million. The disruption, caused by a botched software update from cybersecurity firm CrowdStrike, led to thousands of canceled flights and left passengers stranded, incurring massive costs in lost revenue and customer compensation. -
Microsoft Confirms New Azure Outage Caused by Cyberattack
Microsoft has confirmed that a distributed denial-of-service (DDoS) cyberattack was behind the Azure outage that disrupted services for nearly 10 hours on July 30. The incident, which affected various Microsoft services including Microsoft 365 products and Azure, highlights the tech giant's vulnerability despite its robust cybersecurity measures. 
Microsoft has confirmed that a distributed denial-of-service (DDoS) cyberattack was behind the Azure outage that disrupted services for nearly 10 hours on July 30. The incident, which affected various Microsoft services including Microsoft 365 products and Azure, highlights the tech giant's vulnerability despite its robust cybersecurity measures. -
Intel Plans Thousands of Job Cuts Amid Financial Struggles and Market Share Losses
Intel Corporation is preparing to cut thousands of jobs as part of a strategy to finance its recovery and address eroding market share, according to a report by Bloomberg News. The move is expected to help the company cope with financial challenges and intensify its efforts to regain competitive ground in the semiconductor industry. 
Intel Corporation is preparing to cut thousands of jobs as part of a strategy to finance its recovery and address eroding market share, according to a report by Bloomberg News. The move is expected to help the company cope with financial challenges and intensify its efforts to regain competitive ground in the semiconductor industry.
