On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.
OpenAI agreed Tuesday to pay $3.2 million to settle Justice Department allegations that it discriminated against U.S. workers by favoring temporary visa holders for jobs, according to the DOJ. Why it matters: Slapping a multimillion dollar fine on one of the world's biggest AI companies puts the tech sector on notice that Trump administration is cracking down on companies that game the visa system to bypass American talent. What they're saying: "It is illegal to discriminate against U.S. workers by preferring temporary visa holders for jobs," Assistant Attorney General Harmeet K. Dhillon said in a Tuesday news release. - "This substantial settlement ensures that OpenAI redresses harm and changes its recruitment practices so that…
Data: Axios research; Chart: Sara Wise/Axios Chinese AI lab DeepSeek released a powerful new coding model Friday that charges pennies for vast amounts of code — the latest sign that some of the smartest software on Earth is rapidly becoming a commodity . Why it matters: Tech giants are pouring hundreds of billions of dollars into the computing infrastructure powering the AI revolution. Yet the intelligence that infrastructure produces is getting cheaper by the week. Zoom in: DeepSeek is the same Chinese startup that ignited a market meltdown last January by showing it could build a world-class AI model with far fewer resources than its U.S. rivals. - Its newest model, V4 Flash, performs close to the level of Anthropic's Claude Opus…
After a sharp sell-off, South Korea’s stock market rallied as concerns about overspending on artificial intelligence eased, sending the country’s chip shares higher.
The company recently raised prices on a number of products because of component supply shortages caused by the artificial intelligence boom.
Like other big technology companies, Microsoft is hoping its aggressive spending on artificial intelligence is starting to translate into revenue.
South Korea temporarily paused trading on Tuesday as its benchmark stock index led losses across the region, closing more than 10 percent lower.
The company slipped by the chipmaker Nvidia, amid growing concern about costs associated with the artificial intelligence boom.
The company is continuing to back A.I. systems that can be freely used by others amid a continuing debate over the use of Chinese-made technology.
Aired On: 7/24/2026