Dia Rekhi / Economic era:: Sources: Foxconn plans to make iPhone enclosures in India and seeks to create a new…
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- GitLab lays off 350 employees, or 14% of its workforce, as it evolves into an AI-driven enterprise software development platform and exits 22 countries (Dean Seal/Wall Street Journal)
- London-based Gigaton, which develops AI to automate industrial control systems for cement, steel, glass and chemical plants, has raised a $26 million Series A round (Mike Butcher/Pathfounders)
- Researchers at the University of Toronto say they have developed an open-source AI-powered ‘worm’ that exploits known vulnerabilities and tailors attacks to each computer (Cade Metz/New York Times)
- Bitcoin fell as much as 7% over 24 hours to fall below $67,000 on Tuesday for the first time since April, following Strategy’s first BTC sale since 2022; MSTR fell 9% (Bloomberg)
- Democrats will force vote to kill Trump’s slush fund and immunity program
- Ulta Beauty (ULTA) First Quarter 2026 Results
- a CoreWeave-linked data center raised $900 million via five-year junk bonds, priced at par for a 7.5% yield, as the industry increasingly shifts to high-yield bonds (Gowri Gurumurthy/Bloomberg)
- Markets in ‘greed’ mode as AI companies prepare for IPOs
