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Foxconn AI Demand Lifts Profit as Server Expansion Accelerates Technology

Foxconn AI Demand Lifts Profit as Server Expansion Accelerates

Foxconn AI demand lifted first-quarter profit above forecasts as the Apple supplier planned higher capital spending, faster server expansion, and deeper manufacturing bets across North America for the AI buildout.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Cerebras IPO Reopens AI Listings as Shares Soar on Nasdaq Investment

Cerebras IPO Reopens AI Listings as Shares Soar on Nasdaq

Cerebras IPO raised $5.55 billion, then expanded to $6.38 billion after underwriters exercised their option, signaling that investor demand for AI infrastructure names can reopen the tech listings market now.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Satellite JV Would Put AT&T, T-Mobile and Verizon on Shared Path to End Dead Zones Industry

Satellite JV Would Put AT&T, T-Mobile and Verizon on Shared Path to End Dead Zones

Satellite JV plans from AT&T, T-Mobile and Verizon show the biggest US carriers moving to standardize direct-to-device coverage, widen satellite competition, and target rural dead zones with shared infrastructure nationwide.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Gamma Takeover Talks Deepen as New Bidders Circle UK Cloud Telecom Group Industry

Gamma Takeover Talks Deepen as New Bidders Circle UK Cloud Telecom Group

Gamma takeover talks widened after the UK telecom group confirmed new bidders, sharpening attention on cloud communications consolidation as private equity and strategic buyers pursue stable recurring enterprise revenue streams.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Alphabet Bonds Hit Japan Record as Google Expands AI Funding Investment

Alphabet Bonds Hit Japan Record as Google Expands AI Funding

Alphabet bonds set a record for a foreign issuer in Japan, showing how Google is widening funding sources as AI infrastructure spending climbs and investors back hyperscaler debt globally again.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Anduril Funding Hits $5 Billion as Defense Tech Capital Surges Investment

Anduril Funding Hits $5 Billion as Defense Tech Capital Surges

Anduril funding hit $5 billion at a $61 billion valuation, underscoring how defense technology is becoming one of venture capital's fastest-growing bets as governments demand cheaper autonomous systems worldwide today.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Marc Jacobs Leaves LVMH as WHP and G-III Reset Luxury Playbook Industry

Marc Jacobs Leaves LVMH as WHP and G-III Reset Luxury Playbook

Marc Jacobs is leaving LVMH after nearly three decades as WHP Global and G-III reshape the label, highlighting how luxury groups are pruning portfolios while specialist operators chase growth now.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
akamai
Akamai to Buy LayerX as AI Security Shifts to the Browser Technology

Akamai to Buy LayerX as AI Security Shifts to the Browser

Akamai plans to buy LayerX for $205 million, betting AI security must move into everyday browsers as companies struggle to control employee prompts, uploads, agents, and SaaS activity at work.
Samuel Berrit Olam
Samuel Berrit OlamMay 17, 2026
Getty Shutterstock Merger Wins UK Clearance With Editorial Sale Media

Getty Shutterstock Merger Wins UK Clearance With Editorial Sale

Getty Shutterstock merger cleared the UK only if Shutterstock sells its editorial arm, keeping competition alive for news, sports, and entertainment imagery while letting the broader stock-content deal advance globally.
Samuel Berrit Olam
Samuel Berrit OlamMay 16, 2026
Ukraina
Russia Hits Ukraine With 800-Drone Barrage Policy

Russia Hits Ukraine With 800-Drone Barrage

A drone barrage across roughly 20 Ukrainian regions left at least six dead as Zelenskyy warned Russia was trying to strain air defenses and prolong pressure on civilians nationwide Wednesday.
Samuel Berrit Olam
Samuel Berrit OlamMay 16, 2026
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