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Databricks data warehousing sales hit a $1.5B run rate as AI demand accelerates growth
Databricks data warehousing is rewriting the enterprise software playbook in 2026. In February 2026, Databricks crossed a $5.4 billion revenue run rate, delivering over 65% year-over-year growth in Q4. The company’s data warehousing unit, powered by Databricks SQL, has become a billion-dollar business in its own right. Enterprise customers alone account for at least $1.5…
SpaceX to Acquire Cursor Developer Anysphere in $60 Billion All Stock Deal, Report Claims
A major development in the technology and space industry has emerged as reports suggest that SpaceX is planning to acquire Anysphere, the developer behind the popular AI coding tool Cursor, in a massive $60 billion all stock deal. If confirmed, this would mark one of the largest technology acquisitions involving a private space company expanding…
US stock futures hold flat after Dow hits record close on optimism over U.S.-Iran deal
U.S. stock futures traded little changed on June 16, 2026, after the Dow Jones Industrial Average closed at a record high in the previous session. Investors welcomed signs of progress toward a potential U.S.–Iran agreement, which helped ease concerns about global energy supplies and geopolitical risks. At the same time, lower oil prices added to…
Frasers slides over 6% after RBC downgrade; Hugo Boss deal raises leverage concerns
Frasers came under pressure after its shares dropped more than 6% on Tuesday, following a downgrade from RBC Capital Markets. While the retailer has gained about 12% year to date, analysts believe the recent rally has already priced in much of the upside. Investor attention has also shifted to the company’s proposed Hugo Boss acquisition,…
Marvell jumps 10%, pushes AI-picked semiconductor trade above 40% return
The AI semiconductor rally gained fresh momentum as Marvell shares jumped about 10% in a single session, extending one of the strongest moves in the chip sector this year. The latest rally pushed an AI-selected semiconductor trade highlighted by Investing.com to more than 40% returns, while investors also welcomed Marvell’s upcoming inclusion in the S&P…
Meta Reportedly Rolls Back Strict Engineering Policies Including 24/7 Screen Recording and AI Labeling Reassignment
Meta is reportedly easing several controversial internal engineering policies that had drawn attention from employees and industry observers. According to recent reports, the technology giant has backed away from measures that included continuous screen recording requirements and the reassignment of workers involved in AI labeling projects. The move signals a potential shift in how the…
Adani Ports Gains Over 1% as Expanded US Partnership Brings AI-Powered Terminal Optimisation
Adani Ports and Special Economic Zone Ltd (Adani Ports) saw its shares rise over 1% in recent trading sessions. The move came after fresh updates on its expanded US partnership focused on AI-powered terminal optimisation. We are seeing a clear shift in global port operations. Ports are no longer just physical infrastructure. They are becoming…
NIFTY IT Surges Over 2%, Adds Nearly 600 Points as All Constituents Trade Higher
The Indian technology sector staged a strong comeback as NIFTY IT rallied more than 2 percent, adding nearly 600 points in intraday trade while every stock in the index traded in positive territory. The rally reflected improving investor confidence after months of volatility, supported by better global technology sentiment, attractive valuations, and optimism around demand…
NASA and Loft Orbital Successfully Run Gemma 3 AI Model in Orbit to Summarize Earth Observation Data
The use of artificial intelligence in space exploration has entered a new chapter. In a major technological breakthrough, NASA and Loft Orbital successfully operated DeepMind’s Gemma 3 AI model in orbit, enabling the system to summarize Earth observation data directly from space. The achievement demonstrates how advanced AI can process large amounts of information closer…