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The enthusiasm for Micron persists.

PDD executives discussed warehousing, fulfillment, quality control and first-party brands during the company's earnings call, signaling a more vertically integrated strategy.

Google, part of Alphabet (NasdaqGS:GOOGL), is reportedly in advanced talks with SpaceX to deploy space-based data centers, aiming to support AI and cloud workloads. Google has joined the Data Center Innovation Initiative alongside Amazon, Meta, and Microsoft to test and co-fund next generation energy and materials technologies for data centers. For investors watching Alphabet, these moves sit at the intersection of cloud infrastructure, AI computing, and energy use. Space-based data...

Analysis of 250 real retail queries finds a hidden cost and accuracy crisis in agentic AI as agents read an average of 278 characters for every one character that actually mattersNEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Nimble, the only real-time web search platform trusted by hundreds of enterprises, today published research revealing a fundamental inefficiency at the heart of how retail AI agents interact with the web: for every character of useful information an AI agent extracts from a ret

STORY: From predictions on how AI will hit jobs, to two $1 trillion market values...This is AI Weekly. :: AI WeeklyOpenAI’s Sam Altman said the rapid development and adoption of AI won't lead to a so-called jobs apocalypse. And that it hadn’t claimed as many white-collar jobs as he’d feared. Speaking at a Sydney conference, he said he’d been right about technological predictions when launching ChatGPT in 2022. But admits he was wrong on AI's near-term social and economic impact.It comes, however, as a growing number of major global companies, like Amazon and HSBC, announce some jobs are being replaced by AI.  // Meanwhile, Anthropic’s Chris Olah warned that AI development cannot be left solely to technology companies.“AI development is concentrated in a handful of wealthy nations. How will we ensure that the gains of AI are shared globally? We do not have a mechanism for this. It is an unsolved problem.”Speaking at the Vatican, the Claude AI-maker urged greater oversight of the technology from religious leaders, governments and civil society.Unlike Altman, Olah said there was "a real possibility" that AI will displace human labor "at a very large scale."“If that happens, supporting those displaced will be a moral imperative of historic proportions.”The event marked an unusual convergence between the technology sector and the Catholic Church.// U.S. President Donald Trump on Thursday said he’d postponed signing an executive order on AI because he didn’t like certain aspects of it. “I think it gets in the way of, you know, we're leading China, we're leading everybody. And I don't want to do anything that's going to get in the way of that lead. We have a very substantial one.”Sources told Reuters the order would create a voluntary framework for AI developers to engage with the U.S. government before the public release of advanced models. And the tech industry feared that the order's provisions could hurt industry profits if it slowed the rollout of new models. Trump had planned to sign the order at a ceremony on Thursday afternoon attended by CEOs of AI companies.//On Tuesday, the S&P 500 and Nasdaq hit record closing highs.That’s as AI-fueled optimism offset anxiety over Middle East peace talks.Semiconductor stocks, which have surged on AI-driven demand, led gains, with Micron hitting $1 trillion in market value for the first time.There's a renewed confidence in AI trade which has driven U.S. equities higher…With investors now turning their attention to IPOs of some of the largest private AI companies, including SpaceX.//A day later, SK Hynix topped $1 trillion in market value for the first time.It joined memory chip rivals Micron and Samsung Electronics in reaching the milestone on an AI-driven rally.Shares of SK Hynix closed the session up 9.3%, after rising almost 15% during the session. It propelled South Korea’s benchmark KOSPI index to a record high.

Non-European satellite operators such as Elon Musk's Starlink and Amazon's low-earth-orbit business can bid for mobile satellite spectrum, the European ‌Commission said on Wednesday, leaving the door open to U.S. companies while also decreasing the ‌share of spectrum they will be able to acquire. But the push has been marked by internal divisions at the Commission, with some wanting to be more aggressive and others wanting a more gradual line. Two thirds of the ‌available spectrum will be divided equally ⁠between EU and non-EU operators for commercial use, the EU executive said, confirming a Reuters report.

Shares of Bath & Body Works rise following earnings beat.