Microsoft Heads for Worst Month Since 2008 on AI Spending Fears
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
Artificial Intelligence (AI) is the field of computer science focused on building machines and software capable of mimicking human cognitive processes. These include learning, reasoning, problem-solving, perception, and language understanding. AI encompasses a wide range of technologies, from rule-based systems and machine learning to advanced deep learning and generative models. It is applied in everyday tools such as voice assistants, recommendation systems, fraud detection, autonomous vehicles, and medical diagnostics. The goal of AI is to enable systems to make decisions, adapt to new information, and operate with varying degrees of autonomy.
Microsoft is heading for its worst month since 2008 as investors worry that its heavy AI spending may not pay off and that AI could erode demand for its core software.
South Korea announced about $880 billion in planned investment to expand chipmaking, AI data centers and robotics, aiming to double memory output and revive regions outside Seoul.
Anthropic is hiring across Australia and Japan to expand its AI data center capacity in Asia-Pacific, as soaring demand for Claude strains its infrastructure.
Web3 gaming unicorn Immutable cut 29 roles and gutted its in-house game studios to focus on Audience, an AI marketing platform for the broader games industry.
ByteDance’s record offshore loan would nearly double its 2024 facility and help fund capital spending that could reach $70 billion this year on AI data centers.
A new Anthropic privacy policy taking effect July 8 lets the company ask some flagged Claude users to upload government IDs and submit biometric selfies.
Kazakhstan’s Data Center Valley would deploy 100,000 Nvidia GPUs near cheap power by 2027, though analysts flag execution risk after a history of stalled deals
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
Anthropic has disabled Claude Fable 5 and Claude Mythos 5 globally after a U.S. government export-control directive restricted access to the models for foreign nationals, prompting the company to challenge the decision publicly.
SK Hynix, Nvidia’s largest memory partner and the HBM market leader, awaits SEC clearance for an ADR listing as its stock trades at a persistent Korea discount