Tech

Crypto investment firm CoinShares is set to debut on Nasdaq via a SPAC merger, aiming to significantly expand its U.S. market presence. The European asset manager, managing $6 billion in assets, seeks to leverage its U.S. listing to accelerate growth and become a larger organization. Despite market volatility, CoinShares emphasizes its consistent profitability and fiduciary approach to digital asset management.

Amazon has settled with federal labor officials, agreeing not to retaliate against striking workers. The e-commerce giant will reinstate “illegally” deducted unpaid time off (UPT) for over 100 employees, ensuring future strikes can occur without fear of UPT loss. Amazon maintains it did not admit wrongdoing. This settlement stems from accusations that UPT deductions and disciplinary actions unlawfully coerced employees participating in protected concerted activities. The International Brotherhood of Teamsters has been actively organizing Amazon workers.

OpenAI has closed a record $122 billion funding round, reaching an $852 billion valuation. Co-led by SoftBank and Andreessen Horowitz, the round signifies strong investor confidence. OpenAI, a leader in AI since ChatGPT’s launch, boasts over 900 million weekly active users. The company aims to leverage this capital to maintain its leadership and pioneer advancements in AI, despite current unprofitability and strategic cost optimization efforts.

Microsoft faces Wall Street scrutiny over its AI strategy amidst market volatility. Despite stock declines and competition for its Copilot AI, the company’s Azure cloud platform shows strong growth. Analysts are divided on the stock’s prospects, with some citing fundamental strengths and others highlighting challenges in AI adoption and operational costs. Recent organizational changes aim to boost AI development.

Apple’s restrictive approach to AI coding apps, like Replit, risks undermining its ethos of democratizing computing. By blocking updates and removing these accessible tools, Apple may alienate new creators, pushing them away from its ecosystem. These AI-powered platforms empower individuals without coding experience to build software, a capability that bypasses Apple’s traditional App Store review process, potentially impacting its revenue. This stance contrasts with its historical mission and could hinder innovation within its walled garden.

Generative AI firm Anthropic experienced a turbulent week following a significant internal data leak, involving source code for its Claude Code assistant and details of its unreleased “Mythos” AI model. While Anthropic attributes the issues to human error and assures no sensitive customer data was compromised, the leaks expose proprietary technology and raise concerns about its security protocols amidst intense competition. These incidents highlight the challenges of safeguarding complex AI codebases and will test Anthropic’s operational resilience.

Oracle is reportedly laying off thousands of employees as it invests heavily in AI infrastructure. The company’s stock has underperformed, facing scrutiny over its debt financing for AI and dwindling cash flow. Despite challenges, Oracle sees strong demand for AI infrastructure, reflected in its substantial remaining performance obligations.

Activist investor Irenic Capital Management has urged Snap CEO Evan Spiegel to implement strategic changes to significantly boost the company’s stock. Recommendations include potentially shutting down or divesting the AR glasses unit and reducing the workforce by 1,000 employees, leveraging AI for operational streamlining. Irenic believes these steps could increase Snap’s stock by nearly 600%. Snap stated it welcomes shareholder input and is evaluating actions for long-term value.

The UK’s Competition and Markets Authority (CMA) has launched an investigation into Microsoft’s business software ecosystem, including cloud and AI offerings. This move, designating Microsoft with “strategic market status,” aims to ensure fair competition and prevent the abuse of market dominance. The CMA will scrutinize licensing practices and the integration of AI to maintain a level playing field for businesses and public organizations reliant on Microsoft’s products. Microsoft has pledged cooperation with the regulator.

Despite ambitious AI chip development, Huawei’s external cloud revenue declined 3.5% in 2025, contrasting with competitors’ growth. This occurs as China races for AI self-sufficiency amid U.S. chip restrictions. While overall cloud revenue and R&D investment increased, Huawei’s core ICT infrastructure segment saw slower growth. This lags behind rivals like Alibaba and Tencent, and ByteDance’s rapidly growing AI cloud business.