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The Latest Breaking News from Big Tech

Magnificent Seven Will Become Low-Profit Tech Utilities, Analyst Warns

The AI-fueled transformation of big tech is entering dangerous territory, with surging capital expenditures threatening to erode profit margins, dismantle asset-light models, and reduce once-high-growth giants like the Magnificent Seven into utility-like low-return entities.

Benzinga

The 'Big Short' investor betting $1 billion against the AI bubble says Meta and Oracle's accounting is hiding the brutal truth

Michael Burry shut down his hedge fund shortly after disclosing his massive short position. Is he already bracing for a crash?

Fortune

ChatGPT's 'New Rules' Reportedly Ban Specific Legal, Health, Money Tips

Citing liability fears, new ChatGPT rules as of 29 October ban specific medical, legal, and financial advice. Learn why it's now just an 'educational tool', not a 'consultant', and what you should never ask it.

International Business Times UK

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Character.AI Bans Teen Chats with Chatbots — But a Victim's Mom Says the Damage Is Already Done

Character.AI has announced a significant policy shift, ending open-ended chats for users under 18 in response to mounting pressure from lawmakers and lawsuits.

International Business Times UK

Shares in Asia are mixed and Chinese markets fall despite Trump's trade truce with Xi

Asian shares are mixed after the U.S. stock market sank from record heights as Wall Street sifted through various developments such as trade relations with China and profits of Big Tech giants

The Independent UK

Senators unveil bipartisan chatbot child safety bill - Roll Call

The bill would give enforcement power to DOJ and states for its disclosure requirements and ban on AI companions for children.

Roll Call

“A broad censorship regime" - Big Tech and students hit Texas age verification law with legal complaints

The Texas App Store Accountability Act is set to be enforced on January 1, 2026, requiring Big Tech to perform age checks on all users downloading apps in app stores.

TechRadar

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Big Tech Earnings To Validate AI Spending Surge

Big Tech is gearing up for a blockbuster earnings season as surging enterprise demand for artificial intelligence propels growth across cloud giants, signaling what could be the next major leg of the AI investment boom.

Benzinga

YouTube agrees to pay $24.5M to settle Trump lawsuit filed after his January 6 insurrection suspension

The deal makes YouTube the final Big Tech company to bend the knee — following Elon Musk’s X and Facebook’s parent company Meta

The Independent UK

YouTube To Pay $22 Million In Settlement With Trump

YouTube has agreed to pay $22 million to settle a lawsuit filed by President Donald Trump after the company suspended his account over the January 6, 2021 attack on the Capitol, according to a court filing Monday.

International Business Times

Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energy

Private investment firms that are helping finance America’s artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers — and the servers that power AI

The Independent UK

EU Queries Apple, Google, Microsoft Over Financial Scams

The European Union on Tuesday demanded Big Tech players including Apple and Google explain what action they are taking against financial scams online, as Brussels seeks to show it is not shying away from enforcing its rules.

International Business Times

Nvidia's $100 Billion Bet On OpenAI The 'Latest Salvo' In The Big Tech Arms Race, Says Gene Munster: 'Bumps Up the Bar' For The Rest

Deep Water Asset Management Managing Partner Gene Munster said on Monday that Nvidia Corp.’s (NASDAQ:NVDA) multi-billion-dollar commitment to OpenAI marks a pivotal moment in the AI arms race, one that escalates things to a whole new level.

Benzinga

What Is Going On With Broadcom Stock On Tuesday?

Custom Application-Specific Integrated Circuits (ASICs) provider Broadcom (NASDAQ:AVGO) trended on Tuesday as the Big Tech giants (including Microsoft Corp (NASDAQ: MSFT), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms inc (NASDAQ:META) continue to invest in their artificial intelligence ambitions.

Benzinga

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The Independent UK

Trump vs Tech: How an immigration fight could blow up the fragile alliance

The tech industry has come to rely heavily on the H-1B foreign guest work program in recent decades. That puts it at odds with its new ally in the White House

The Independent UK

Big Tech's energy-hungry data centers could be bumped off grids during power emergencies

As Big Tech’s data centers continue to grow threatening to overload U.S. electricity grids, policymakers are considering bumping the energy-hungry data centers off grids during power emergencies

Fortune

Meta is sinking $10 billion into Louisiana to build its wildest AI aspirations, setting the template for the grid buildout

The massive data center buildout is underway, requiring massive amounts of new power and, increasingly, more fossil fuels and gas plants.

The Independent UK

Maryland's first-in-the-nation tax on digital ads violated Big Tech's free speech, judges say

A federal appeals court has ruled that part of a first-in-the-nation tax on digital advertising in Maryland aimed at Big Tech is unconstitutional

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Benzinga

This Former Tech Exec Worked At Meta, TikTok And Netflix — Then Built A Million-Dollar Business Linking South Korea To The US Market

Kurated Agency founder Sora Lee turned a decade in Big Tech into a million-dollar pivot. She now links South Korean beauty brands to U.S. shelves while trade flows stay brisk. The timing matters: federal data show consumer demand, and South Korean exporters keep shipping goods to American buyers.

Fortune

Air Force bid for Tesla Cybertrucks in target practice symbolizes the ‘evolving’ relationship between the Pentagon and Big Tech, expert says

The ballooning demand from the military for innovative technology creates a “whole new sector” friendly to BigTech, an American University professor told Fortune.

Benzinga

Newsom Wants Your Kids AI-Ready — Google, Adobe, IBM, Microsoft Are In

Concerned about your child’s career in an AI world? Governor Gavin Newsom is rolling out free, Big Tech–backed AI curricula across high schools, community colleges and the California State University system, in partnership with Alphabet Inc. (NASDAQ:GOOGL), Adobe Inc. (NASDAQ:ADBE), International Business Machines Corp. (NYSE:IBM) and Microsoft Corp. (NASDAQ:MSFT).

The Independent UK

Meet the women behind the sexual wellness revolution and the censorship rules that prevent their work from reaching you

IN FOCUS: Entrepreneurs in the sexual wellness space face a daily battle as their social media and bank accounts are deactivated says sexologist Georgia Rose

PC Gamer

Trump Media and Perplexity team up for 'Truth Search AI,' a new tool in the fight against 'Big Tech's assault on free speech'

A slightly odd sales pitch given Perplexity's investors include Jeff Bezos and Nvidia...

Benzinga

Trump Administration Teams Up With Big Tech On Health Data Tracking System — Critics Call It 'Open Door' For Sensitive Data Invasion

President Donald Trump has announced a new private health tracking system, aimed at streamlining patient access to health records and wellness monitoring.

Barchart

The Under-the-Radar AI Stock That Beat Big Tech in 2025

This hidden gem could be an excellent option for investors looking for the next wave of AI opportunities.

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People

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