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IBM shares plummeted 25% on Tuesday following preliminary second-quarter earnings that missed analyst expectations, marking the company's worst trading day since the 1987 stock market crash.

JUST NOW[BIG TECH]Industry Desk

Israeli identity management startup Oak has emerged from stealth with $60 million in seed funding. The company, cofounded by veteran entrepreneur Shai Morag, addresses identity management challenges created by the proliferation of AI agents.

JUST NOW[STARTUPS]AI Desk

New York became the first state to issue a moratorium on new hyperscale data centers, responding to growing concerns about energy consumption and infrastructure strain from the proliferation of these facilities.

JUST NOW[BUSINESS]Industry Desk

Walden Robotics, a Massachusetts-based humanoid robot company spun out of Toyota's research division, has emerged from stealth with approximately $300 million in seed funding. The round values the startup at $1.1 billion.

2H AGO[STARTUPS]Industry Desk

Following recent earthquakes, Venezuelan developers and citizens deployed AI-powered websites and apps to locate missing persons and coordinate disaster relief as government response lagged.

JUST NOW[AI]AI Desk

ASML reported Q2 net sales of €9.3B and net profit of €2.9B, both exceeding analyst expectations. The semiconductor equipment maker raised its 2026 net sales guidance to €43B-€45B from €36B-€40B.

2H AGO[BUSINESS]AI Desk

MSI's latest handheld gaming device delivers strong performance with advanced AI capabilities, but comes with a notably high price tag that may limit its appeal to mainstream consumers.

JUST NOW[HARDWARE]AI Desk

India announced 1.28 trillion rupees ($13.3 billion) in additional funding to expand its semiconductor production capacity. The investment builds on a $10 billion incentive program launched in 2021 that successfully attracted major manufacturers including Micron.

JUST NOW[BUSINESS]Industry Desk