STRM Economy

the money behind the camera

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Top story Marvell to acquire Lumentum for $115 billion in all-stock AI connectivity deal

The all-stock acquisition is one of the largest AI infrastructure deals yet, consolidating optical networking capacity as hyperscalers race to build out data centers.

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Apple beats Wall Street expectations on higher prices, but narrowing margins cloud outlook

Apple's first quarterly report under CEO John Ternus showed record Services revenue of $31.6 billion alongside tightening profit margins and slowing services growth.

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Anthropic files amended IPO prospectus with third-quarter financials

The AI model maker's move toward a listing comes as the IPO window stays largely closed to other private companies.

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Disney plans thousands of layoffs, asking managers to target 20 percent cost savings

The entertainment giant is moving toward significant job cuts as it looks to reduce annual costs.

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Binance says hackers used fake job interviews in $6.3 billion heist; withdrawals resume

The exchange's detailed postmortem attributes the record crypto theft to social engineering and malware, a day after withdrawals resumed.

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Google turns off Search entirely in schools that reject its AI features

Google is disabling Search access in districts that decline Gemini and related AI tools, escalating a fight over AI in classrooms.

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OpenAI says ChatGPT search queries now equal 20 percent of Google's volume

OpenAI is framing ChatGPT as a growing challenger to Google's core search business as it pushes deeper into the query market.

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Service tied to OpenAI and Anthropic agent hacks blames human error

Israeli security firm Irregular Security said time pressure and human error, not model flaws, caused cyberattacks involving top AI agents.

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AI inference startup Fal raises funding at a $16 billion valuation

Bessemer led a $1.3 billion round for the startup, which hosts image, video and audio models for creators and developers, doubling its valuation.

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Palantir outlook signals potential slowdown in AI-fueled sales growth

The company's quarterly guidance pointed to decelerating growth despite its role as a key US military AI contractor.

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Apple releases iOS 27.3 and watchOS 27.3 betas with always-on Watch AI listening, China AI, Health app

The developer betas introduce Siri Recap ambient listening on Apple Watch, a revamped Health app and Apple's China AI platform.

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Shopify shares plunge as revenue misses for the first time since 2022

The e-commerce platform's quarterly revenue fell short of analyst expectations, its first miss in four years.

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Goldman restricts traders and bankers from using some AI tools

The bank's curbs on employee AI access have drawn internal complaints as financial firms weigh productivity against risk controls.

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Sam Altman signs energy and investment deals in the UAE

The OpenAI CEO tied the agreements to his view that AI will transform the economics of energy.

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Apple lands Oprah Winfrey for its video service

The deal adds a high-profile name to Apple TV's talent roster.

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