Technology

Flex plans a bold move to spin off its data-center power and cooling arm into a newly listed company, aiming to cash in on the AI-driven infrastructure boom. With leadership reshuffles and regulatory hurdles ahead, the details remain tight as the split heads toward potential listing.

Apple faces a proposed $250 million settlement over claims its AI-powered Siri ads promised features that weren’t ready. The deal could put cash in the hands of millions of iPhone owners, with a June court hearing to decide the path forward. The case highlights the gap between marketing buzz and real-world AI rollouts.

Freshworks is cutting about 11% of its workforce as it doubles down on AI-powered automation. The reshaping aims to free resources for its Employee Experience push, signaling a tighter, AI-driven path forward in enterprise software.

Nvidia’s historic ascent meets a new headwind as hyperscalers push their own AI accelerators. Amazon and Alphabet are expanding in-house silicon even as they still buy externally, threatening to reshape the chip market’s growth path. The coming quarters could redefine who really leads the AI data-center race.

AI-driven demand is lifting a major server maker’s outlook for the coming quarter as it expands its U.S. manufacturing footprint. Backed by new Silicon Valley facilities and a close tie with Nvidia, the company hints at a strong rebound in AI infrastructure orders—and eyes the next phase of growth amid supply-chain chatter.

AI is being repurposed as a proactive advisor for commercial bankers, tapping into clients’ accounts-payable and payments data to surface targeted opportunities with mid-market customers. Early pilots report tangible gains—shifting vendor payments from checks toward cards and growing spend by about 45%—with a Canada pilot and a broader rollout planned for 2026.

Intel taps a longtime Qualcomm executive to steer its PC and “physical AI” business, signaling a bold shift in its client-computing strategy. The move hints at blending mobile-style efficiency with edge AI as rivals push into the PC space. A concurrent leadership reshuffle suggests Intel is tightening focus on AI-powered devices beyond traditional PCs.

NVIDIA’s latest results highlight its rise as a dominant cash engine in the AI era, powered by booming demand for AI infrastructure. With surging cash flow and high margins, the company is reshaping how the market values AI hardware—and rivals are watching as spending shifts toward real-world AI deployment.

AI-driven job losses spark a bold proposal: Universal High Income, a cash-based upgrade to safety nets that could let people live as they choose. But housing experts warn the idea collides with a stubborn reality—millions of homes are needed, and supply is tightening. The tension between automation, money, and homeownership is unfolding.

New AI-powered tools aim to speed up restaurant onboarding, sharpen menu photography, and turn app content into ready-made storefronts. Automated listings, video-enabled ordering, and marketing automation could cut setup friction while boosting online orders and reach. A glimpse at how these features might reshape digital restaurant marketing for smaller eateries.

Anthropic is nearing a roughly $1.5 billion joint venture with Blackstone, Goldman Sachs and Hellman & Friedman to bring Claude-era AI tools to private‑equity portfolio companies. If sealed, the alliance could create a direct channel to deploy automation and analytics across hundreds of businesses—a bold move at the intersection of AI and dealmaking. Key details…

Beijing has blocked Meta’s roughly $2 billion bid for AI startup Manus, citing national security and the protection of sensitive tech and talent. The move signals tighter government control over cross-border AI deals and could reshape how tech giants navigate international expansion.