AIO APEX

News

Breaking news and updates from the world of technology.

IBM stock suffers worst crash since 1987 after AI spending shift blindsides Q2 results
Startups & Business

IBM stock suffers worst crash since 1987 after AI spending shift blindsides Q2 results

IBM shares fell as much as 24.8% on July 14 after the company's preliminary Q2 2026 results missed Wall Street estimates by a wide margin, wiping out roughly $70 billion in market value as CEO Arvind Krishna admitted the company misjudged how fast clients would redirect budgets to AI infrastructure.

IBM Investor Relations
ibmai-infrastructure
TSMC's June revenue jumps 68% as AI chip demand outstrips supply
Computers & Hardware

TSMC's June revenue jumps 68% as AI chip demand outstrips supply

Taiwan Semiconductor Manufacturing Co. reported June revenue of NT$398.27 billion, up 67.9% year-over-year, with first-half 2026 revenue up 35.6% as demand for advanced AI processors continues to exceed the company's production capacity.

Euronews
semiconductorsmanufacturing
PixVerse closes $439M Series C extension with Alibaba backing
Artificial Intelligence

PixVerse closes $439M Series C extension with Alibaba backing

Singapore-based video-generation startup PixVerse has raised $439 million in a Series C extension, crossing a $2 billion valuation as it prepares new model lines for consumers, filmmakers, and game developers.

TechCrunch
fundingvideo-generation
FAA clears SpaceX to fly Starship again after May booster failure
Space & Exploration

FAA clears SpaceX to fly Starship again after May booster failure

The FAA has cleared SpaceX to resume Starship test flights after concluding its investigation into the May 22 Super Heavy booster failure, with the next launch possible as soon as Thursday, July 16 — the company's first Starship flight since going public.

TechCrunch
spacexstarlink