Business

Amazon logo and shopping cart icon on a smartphone screen, representing the company's e-commerce and retail business.

Amazon Quietly Cuts Jobs in Its AGI Unit Even as It Pours $200 Billion Into AI Infrastructure

GigaNectar Team

Amazon cut jobs in its AGI unit — the team behind Nova AI models — even as it spends $200 billion on AI. Here's what these cuts reveal about Amazon's AI strategy shift.

Apple CEO Tim Cook gestures on stage at WWDC 2026.

Apple Tops Nvidia at $4.88T to Become World’s Most Valuable Company

GigaNectar Team

📊 Market Cap Showdown: Apple Reclaims World’s Most Valuable July 17, 2026 · Apple overtakes Nvidia with $4.88T market cap ...

iPhone 15 Pro and iPhone 15 Pro Max in four titanium finishes: black, white, blue, and natural, displayed against a dark background.

Apple’s $250M Siri AI Settlement: iPhone Owners Could Get Up to $95 

GigaNectar Team

💰 Class Action Settlement Apple’s $250 Million Siri AI Settlement: Who Gets Paid & What Happens Next Apple has agreed ...

OpenAI logo displayed on a computer screen

OpenAI and Anthropic Target $1T IPOs as Palantir CEO Warns Token Model Is Broken

Sunita Somvanshi

AI Industry · IPO Watch · July 2026 Two of the world’s most valuable private companies are heading toward public ...

Jensen Huang speaking at the Nvidia Constellation campus launch celebration at Beitou-Shilin Technology Park in Taipei, May 27, 2026

Nvidia Spends $150 Billion a Year in Taiwan as Jensen Huang Calls It the “Epicentre of the AI Revolution” 

Sunita Somvanshi

Giganectar · AI Infrastructure · May 27, 2026 Nvidia plants its flag in Taiwan —$150 billion a year, one campus, ...

Nvidia CEO Jensen Huang at an official Nvidia event, photographed for the Nvidia Newsroom press gallery

Nvidia “Largely Conceded” China’s AI Chip Market to Huawei as H200 Deals Stall and AMD Moves In

GigaNectar Team

AI Chips · US–China Tech Green for Huawei, Red for Nvidia — Who’s Filling the Vacuum in China’s AI Market? ...

Jeff Bezos Amazon chief executive officer speaks at the Air Force Association Air Space and Cyber Conference National Harbor Maryland 2018

Jeff Bezos says the $700B AI “bubble” will pay for itself — but Altman and Amodei aren’t so sure 

GigaNectar Team

Speaking live from Blue Origin‘s rocket facility in Florida on May 20, 2026, Amazon founder Jeff Bezos addressed CNBC’s Andrew ...

Salesforce CEO Marc Benioff photographed in a formal setting, as featured on the Salesforce Newsroom website

Salesforce Plans $300M Anthropic Token Spend in 2026 as Benioff Says “Everything’s Going to Be Cheaper to Make”

Sunita Somvanshi

Enterprise AI · May 2026 Tokens Over Talent:Salesforce’s $300M Anthropic Bet Salesforce CEO Marc Benioff said on the All-In podcast ...

Exterior view of Apple Sanlitun store at Taikoo Li Sanlitun mall in Beijing China on opening day July 17 2020 showing glass facade staircase and outdoor plaza

Apple and Intel Seal Chip Deal as Intel Stock Tops 200% — “The Only Place That Can Scale Up”

Sunita Somvanshi

Chip Industry · Breaking Two Old Rivals,One New Deal Apple and Intel — the two companies whose split reshaped the ...

SpaceX Kennedy Space Center Launch Complex 39A facility aerial view in Florida

Musk Says “Claude Will Probably Be Good” as Anthropic Locks in 220,000 SpaceX GPUs and Doubles Rate Limits

GigaNectar Team

Anthropic has signed an agreement with SpaceX to use all of the compute capacity at Colossus 1, the company’s data ...

12313 Next