Technology

Intel Forecasts Strong Sales Amid AI Demand Surge

Intel Corp. reported a sales forecast of $13.8 billion to $14.8 billion for the June quarter, exceeding Wall Street's average estimate of $13 billion, driven by demand from AI data centers. Following the announcement, Intel's shares surged nearly 20% in after-hours trading, marking a significant recovery for the company under Chief Executive Officer Lip-Bu Tan's turnaround plan.

Project Prometheus raises $10 billion, valued at $38 billion

Project Prometheus, an artificial intelligence lab led by Jeff Bezos and Vik Bajaj, has successfully closed a $10 billion funding round, raising its valuation to approximately $38 billion. Concurrently, Cognition AI Inc. is in discussions to secure funding that could elevate its valuation to $25 billion, highlighting the increasing demand for AI in software development.

Meta to Cut 8,000 Jobs to Boost AI Investment

Meta Platforms will lay off approximately 8,000 employees, representing about 10% of its workforce, as part of a strategic shift towards increased investment in artificial intelligence (AI). The company plans to spend $135 billion on AI this year, equating to its total expenditure on AI over the previous three years. This decision follows comments from Mark Zuckerberg, Meta's co-founder and chief executive, indicating a focus on enhancing productivity through AI.

Nokia CEO warns Europe lags in AI infrastructure

Nokia CEO Justin Hotard warned that Europe is falling behind the US and China in the development of AI data centers due to energy constraints and strict regulations. He noted that while major tech companies are expected to invest heavily in AI infrastructure this year, European projects face delays, particularly in securing power grid connections. Hotard emphasized the need for improved infrastructure and connectivity to prevent tech companies from relocating their operations to regions with more favorable conditions.

Apple releases iOS and iPadOS updates to enhance privacy

Apple has released iOS 26.4.2 and iPadOS 26.4.2 to address a notification bug that allowed the FBI to extract Signal messages from deleted applications. The update resolves a logging issue that caused notifications marked for deletion to be retained on devices, thereby enhancing user privacy. Signal confirmed that the update effectively fixes the vulnerability, ensuring that all inadvertently preserved notifications will be deleted.