Tech

Stock futures show a muted start as investors assess easing geopolitical tensions with Iran, potentially benefiting energy markets. However, oil supply concerns persist. Retail giants like Gap are embracing AI for commerce through partnerships with Google, signaling a shift in consumer engagement. Meanwhile, the U.S. Senate confirmed a new Homeland Security Secretary amid funding disputes. Finally, the rapidly growing sport of padel is attracting significant investment, poised to become a major racket sport.

Alibaba has launched the XuanTie C950, a new CPU designed for AI agentic capabilities. Built on the RISC-V architecture, this chip aims to enhance AI inference in data centers. The development signifies Alibaba’s ongoing investment in in-house semiconductor innovation, driven by a need for supply chain resilience and cost reduction, particularly in light of US export restrictions on advanced chips. While a technological advancement, its immediate revenue impact may be limited by production capacity.

Amazon’s Zoox is expanding its robotaxi pilot programs to Austin and Miami, building on operations in Las Vegas and San Francisco. The company is increasing coverage in San Francisco and planning airport transfers in Las Vegas. Zoox is also testing in ten US cities and awaiting regulatory approval for commercial operations, aiming for 100 robotaxis on public roads soon. A partnership with Uber will integrate Zoox into its platform in Las Vegas.

Databricks is entering the cybersecurity market with Lakewatch, a new offering challenging traditional SIEM solutions. Its unique pricing model charges based on computational work, not data volume, making it more accessible for managing escalating security data. Lakewatch integrates diverse data sources, including everyday applications, for a holistic security view. The move aims to leverage Databricks’ AI expertise to combat AI-driven cyber threats, with acquisitions like Antimatter and planned acquisition of SiftD bolstering its capabilities. The platform offers AI-powered alert prioritization and threat understanding through its “Genie” agent, with future automated response planned.

Mojtaba Khamenei, Iran’s Supreme Leader, has subscribed to X Premium, despite U.S. sanctions prohibiting dealings with him. His English-language account, boasting 175,000 followers, has been used to post about the U.S., Israel, and Iran conflict. This move raises concerns about X’s adherence to its own policies prohibiting transactions with sanctioned individuals, potentially violating U.S. economic sanctions.

Anthropic’s Claude chatbot now autonomously performs tasks on user computers, using smartphone commands. This leap challenges emerging AI agents like OpenClaw by enabling Claude to open applications, browse the web, and manage files. While Anthropic emphasizes safeguards and user permission, this advancement highlights the industry’s push towards AI agents capable of continuous, autonomous operation. Dispatch further integrates Claude into professional workflows.

Revolut achieved a record pre-tax profit of £1.7 billion in 2025, a 57% increase, with group revenue up 46% to $6 billion. This success fuels its U.S. expansion and follows its acquisition of a U.K. banking license. Business banking now accounts for 16% of total income, reflecting diversified revenue streams. The fintech giant, valued at $75 billion, aims to become a global bank.

AWS is experiencing service disruptions in Bahrain, attributed to the escalating Middle East conflict. The company is advising customers to migrate to alternative regions, highlighting its robust multi-region architecture. Previous incidents in the UAE and Bahrain involved drone strikes near facilities. These events underscore the challenges of operating cloud infrastructure in conflict zones and emphasize the need for enhanced risk mitigation strategies for both AWS and its clients.

OpenAI’s IPO prospectus reveals significant strategic risks, including its deep dependency on Microsoft for financing and compute resources. The company also faces substantial capital expenditures, intense demand for computational power, ongoing legal disputes with xAI, and complexities related to its public benefit corporation structure. Despite diversification efforts, Microsoft remains a critical partner. Geopolitical tensions and supply chain vulnerabilities, particularly concerning chip suppliers, are also noted risks.

Microsoft faces scrutiny over its AI ambitions, with criticism of Copilot and challenges in its OpenAI partnership impacting Azure growth. Internal demand for Azure capacity is also limiting external client allocation, leading to moderated revenue growth and a stock slump. Despite these headwinds, Microsoft’s vast resources and proven adaptability suggest a potential for a strong turnaround, making a premature bet against the tech giant ill-advised.