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Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor

Dropbox CEO Andrew Houston to step down, insider Ashraf Alkarmi named successor

May 26 (Reuters) - Dropbox said on Tuesday that CEO and co-founder Andrew Houston will step down after a transition period, promoting insider Ashraf Alkarmi to co-CEO ahead of his succession as the sole chief executive. The file hosting service provider's shares fell more than 1% in early trading.

Nvidia CEO has blunt message on AI layoffs in 2026

Nvidia CEO has blunt message on AI layoffs in 2026

Amazon cited AI efficiency when it eliminated 16,000 corporate roles. Microsoft cited AI when it cut more than 15,000 positions. Across Big Tech, the explanation for layoffs has become almost predictable: we are doing more with less, and AI is why. Jensen Huang has a problem with that story. And he ...

5-star analyst resets Micron stock price target

5-star analyst resets Micron stock price target

Micron (MU) stock has gained about 209.61% year to date, at the time of writing, Tuesday morning, May 26, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 10% in the same period. The company is part of the semiconductor rally driven by the AI boom. Recent positive ...

Congressional Black Caucus presses companies in the US to oppose Republican redistricting push

Congressional Black Caucus presses companies in the US to oppose Republican redistricting push

The Congressional Black Caucus is calling on major corporations in the United States to oppose redistricting efforts by Republican-led states that seek to eliminate majority-Black U.S. House districts

Goldman Sachs has a stark message on mutual funds and the Mag 7

Goldman Sachs has a stark message on mutual funds and the Mag 7

The S&P 500 is up roughly 9% this year. The average large-cap mutual fund is up too, in absolute terms. The gap between those two facts is where Goldman Sachs found its story. According to a Goldman Sachs research note published May 20, only 29% of large-cap mutual funds are outperforming their ...

OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse'

OpenAI's Altman says AI unlikely to lead to 'jobs apocalypse'

By Scott Murdoch SYDNEY, May 26 (Reuters) - OpenAI CEO Sam Altman said on Tuesday the rapid development and adoption of AI would not lead to a global "jobs apocalypse" and the technology had not claimed as many white-collar jobs as he had feared.

Deepseek hits OpenAI, Anthropic where it really hurts

Deepseek hits OpenAI, Anthropic where it really hurts

Premium products rarely lose to better products. They lose to cheaper ones. That has been the quiet rule of every technology cycle since the personal computer, and it is the rule American AI labs have been hoping does not apply to them. OpenAI's GPT-5.5 sits at $5 per million input tokens and $30 ...

5-star analysts reset Marvell stock price target ahead of earnings

5-star analysts reset Marvell stock price target ahead of earnings

Marvell (MRVL) stock closed the May 22 trading session at $196.33. The stock has rallied 131% year to date, by Sunday morning, May 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9% in the same period. The company has outpaced the S&P 500, thanks to its participation in the broader ...

Intel CEO reveals rare ‘speed-of-light’ turnaround plan

Intel CEO reveals rare ‘speed-of-light’ turnaround plan

"Speed of light." That's a phrase that gets thrown around in corporate turnaround stories so often that it has almost lost meaning: "We're moving faster." Most of the time, it is conference room language — something that sounds good in a press release and means very little in practice. When Intel ...

Anthropic's AI Model Uncovers Over 10,000 Zero-Day Vulnerabilities in Major Cybersecurity Initiative

Anthropic's AI Model Uncovers Over 10,000 Zero-Day Vulnerabilities in Major Cybersecurity Initiative

Anthropic's AI Model Uncovers Over 10,000 Zero-Day Vulnerabilities in Major Cybersecurity Initiative

Michael Burry doubles down on stock market, AI message for 2026

Michael Burry doubles down on stock market, AI message for 2026

Nvidia just reported $81.6 billion in quarterly revenue, up 85% year over year. Its data center business alone generated $75.2 billion, up 92%. The numbers are extraordinary by any measure. Michael Burry's argument is that they may also be the most dangerous kind of numbers there are. In a May 2026 ...

AMD just beat rival chipmakers to the punch

AMD just beat rival chipmakers to the punch

Advanced Micro Devices (AMD) stock closed the May 22 trading session 3.99% up at $467.51, hitting its all-time high. The stock has rallied and made impressive year-to-date gains of 118.3% at the time of writing, Saturday morning, May 23. The rally has been boosted by hyperscalers increasing their ...