Technology
China plans to outpace Neuralink with a state-backed brain chip blitz — seven ministries, a 17-point roadmap, and clinical trials where patients play chess
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Tom's Hardware
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Market slumps as OpenAI reportedly misses internal targets for active users and revenue — Nvidia, Oracle, AMD, and CoreWeave shares all tremble on the news
OpenAI has reportedly fallen short of its internal targets for active ChatGPT users and revenue, leading to concerns about its financial sustainability. Despite raising $122 billion in funding, the company may face a cash shortage by mid-2027 without continued significant investments. Market reactions to OpenAI's performance have caused stock price drops for companies like Nvidia, Oracle, AMD, and CoreWeave. While OpenAI faces competition from Anthropic and Google in the AI market, CEO Sam Altman is focused on securing future computing power through multi-billion dollar deals.
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Every SK hynix employee could receive $477,000 bonuses this year, almost $900,000 next year — 35,000 workers reportedly set to benefit from share of $169 billion projected operating profit
SK hynix employees could receive substantial bonuses averaging $477,000 this year and nearly $900,000 next year due to the AI chip supercycle generating significant profits. The company agreed to allocate 10% of its annual operating profit directly to employees, with a projected bonus pool of $169 billion to be shared among around 35,000 workers. Meanwhile, Samsung Electronics' labor union is in dispute over compensation, with the union pushing for a higher percentage of earnings. The potential bonuses mark a significant turnaround from previous years, driven by high demand for AI-oriented memory products.
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TSMC ups revenue guidance and CapEx, buoyed by 'multiyear AI megatrend' — warns Middle East conflict may impact profitability as costs increase
TSMC has raised its revenue guidance and capital expenditures for 2026, driven by the increasing demand for AI accelerators and related hardware. The company is confident in the long-term growth potential of the AI trend but warns of potential profitability impacts due to rising costs associated with the conflict in the Middle East. TSMC's revenue in Q1 2026 was primarily boosted by the HPC segment, with Nvidia emerging as its top customer in 2025. The company plans to expand its 3nm-capable fab capacity to meet the growing demand for advanced nodes, particularly in the AI sector.
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Tech industry lays off nearly 80,000 employees in the first quarter of 2026 — almost 50% of affected positions cut due to AI
Nearly 80,000 tech industry workers were laid off in the first quarter of 2026, with almost half of the cuts attributed to AI and automation. Despite warnings from industry leaders about AI-driven job losses, some experts argue that layoffs are sometimes blamed on AI as an excuse for poor business performance. Companies like IBM are increasing entry-level hiring, emphasizing the need for a human touch alongside AI. While AI technologies are advancing, some companies are focusing on training staff in AI tools rather than laying them off.
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