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Megaport raises A$827M to build a distributed AI cloud and chase the inference market

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Megaport spent a decade as a company you used to connect to other people’s clouds. On Wednesday it announced a plan to become one. The Australian networking firm secured four new AI infrastructure contracts worth a combined A$458.9M (about $329M) and launched a fully underwritten entitlement offer to raise A$827.3M (about $594M), according to its filing. […]

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GitLab to cut 14% of staff and exit 22 countries in ‘agentic era’ restructuring

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GitLab is cutting about 14% of its full-time workforce, roughly 350 people, and pulling out of 22 countries, based on their report for the first quarter of the fiscal year 2027,  in which it grew revenue 23% and beat Wall Street’s expectations. The restructuring, the company said, is meant “to realign its operating structure to […]

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Musk allies back a private-sector DOGE as ex-staffers launch Special

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The Department of Government Efficiency is gone, quietly wound down after a year that produced more controversy than confirmed savings. Two of its former staffers have decided the idea was sound and the venue was wrong. On Tuesday they unveiled Special, a firm that intends to buy companies outright and cut their costs by running artificial […]

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Amazon’s Ring is sued over its Familiar Faces facial-recognition feature

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mazon was sued on Monday over the facial-recognition feature it recently added to its Ring doorbells, in a complaint that turns on a familiar asymmetry: the person who buys the camera consents to it, and the person walking past the camera does not. Charles Sigwalt, a Virginia resident, filed the proposed class action in federal […]

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Meta takes its 13+ teen content settings global across Instagram, Facebook, and Messenger

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Meta is taking its “13+” content settings for Teen Accounts global. The company said today that the setting, which it likens to a movie rating, will now apply by default to teenagers across Instagram, Facebook, and Messenger worldwide, extending a system it first introduced last October in the US, UK, Australia, and Canada. According to […]

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Marvell jumps after Jensen Huang calls it the next trillion-dollar company

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It took one sentence from Jensen Huang to move tens of billions of dollars. Marvell Technology shares surged about 25% in premarket trading on Tuesday after Nvidia’s chief executive, sharing a Computex stage in Taipei with Marvell boss Matt Murphy, predicted that the chip and networking company would be the next business to reach a […]

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Microsoft heads into Build with AI everywhere and a paying-customer problem

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The company’s developer conference opens in San Francisco with another round of AI tooling expected, against the awkward backdrop of how few people pay for Copilot. Microsoft opened its annual Build developer conference in San Francisco on Tuesday, with Satya Nadella due to take the stage at 9:30am Pacific for a keynote that, by every […]

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WeRide and Uber take their robotaxi partnership to Madrid

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The robotaxi map of Europe has been filling in city by city, and on Tuesday Madrid joined it. WeRide and Uber said they will launch what they call Spain’s first commercial robotaxi pilot in the Region of Madrid, with rides bookable through the Uber app and operations expected to begin later this year. The launch […]

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Jensen Huang says pay workers ‘as much as possible’ days after Nvidia commits 50% of free cash to shareholders

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Jensen Huang’s comments at Computex defend the Samsung bonus structure that delivers $400,000 to chip engineers, but land alongside an $80bn Nvidia buyback announced two weeks ago. Jensen Huang, the Nvidia chief executive, told reporters on the sidelines of Computex in Taipei on Tuesday that workers should be paid “as much as possible,” framing the […]

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ByteDance and Oracle are using Arm’s in-house AGI CPU, completing the hyperscaler-x86 exit

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Arm CEO René Haas confirmed at Computex that ByteDance and Oracle have joined Meta as customers for Arm’s own data-centre CPU, validating the company’s shift from licensor to silicon vendor. Arm chief executive René Haas confirmed at Computex on Monday that ByteDance and Oracle are among the customers using AGI, Arm’s first in-house data-centre CPU, […]

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