Airbnb CEO Brian Chesky credited artificial intelligence as the primary driver of the company's strongest growth quarter in years, saying the company will spend "a lot more" on AI tokens than forecast as shares surged 15% on Friday.
Levi Strauss & Co. disclosed in an SEC filing that hackers used social engineering to compromise three employees' computers and steal corporate data, though the company said no consumer data was affected.
Doximity shares surged more than 100% in premarket trading after CEO Jeffrey Tangney revealed the company's AI search tool earns more than 10 times its cost per search, while first-quarter revenues of $156.6 million topped consensus estimates.
Chinese AI models are closing the performance gap with U.S. frontier systems and gaining global adoption, but American compute dominance and export controls continue to constrain Beijing's ability to scale, analysts say.
SK Hynix said Friday it will spend $38.1 billion to build two new memory chip plants in South Korea, with construction on both facilities set to begin in early 2027 and production targeted for 2028 and 2029, as AI-driven demand strains global memory supply.
A New Mexico judge ordered Meta to pay $567 million into an abatement fund on Thursday, ruling that the company's platforms are a significant contributing factor to a youth mental health crisis — the latest in a series of child safety cases the company faces nationwide.
Grindr reported second-quarter revenue of $138 million, up 33% year over year, and raised its 2026 guidance as CEO George Arison said the company's AI investment is delivering measurable gains in engineering output and subscription growth.
Doximity shares surged more than 100% in premarket trading after CEO Jeffrey Tangney revealed the company's AI search tool earns more than 10 times its cost per search, while first-quarter revenues of $156.6 million topped consensus estimates.
Ford Motor has announced its new midsize electric pickup truck will start at $28,350 and carry the name "Fathom," with preorders opening in early 2027 and deliveries expected later that year.
Evercore ISI reiterated its outperform rating and $300 price target on DoorDash Thursday, pointing to a surge in DashPass subscribers and accelerating order growth as signals that the stock has roughly 45% upside from current levels.
Airbnb CEO Brian Chesky credited artificial intelligence as the primary driver of the company's strongest growth quarter in years, saying the company will spend "a lot more" on AI tokens than forecast as shares surged 15% on Friday.
Chinese AI models are closing the performance gap with U.S. frontier systems and gaining global adoption, but American compute dominance and export controls continue to constrain Beijing's ability to scale, analysts say.
SK Hynix said Friday it will spend $38.1 billion to build two new memory chip plants in South Korea, with construction on both facilities set to begin in early 2027 and production targeted for 2028 and 2029, as AI-driven demand strains global memory supply.
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