Technology 6 May 2026 - 8 May 2026

Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work
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Cloudflare’s 1,100 Job Cuts Show How Fast AI Is Rewriting Tech Work

Cloudflare will cut over 1,100 jobs, about 20% of its staff, as it reorganizes around agentic AI. Shares fell 19% in extended trading after the announcement, despite first-quarter revenue rising 34% to $639.8 million and adjusted earnings beating estimates. The company expects up to $150 million in restructuring charges, mostly in Q2. Departing employees will receive pay through 2026 and extended healthcare.
May 8, 2026
Why Nintendo’s Switch 2 Price Hike Is Hitting Now
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Why Nintendo’s Switch 2 Price Hike Is Hitting Now

Nintendo will raise Switch 2 prices in Japan, the U.S., and Europe, citing higher component costs and tariffs. The Japanese price increases to 59,980 yen on May 25; the U.S. price rises to $499.99 on Sept. 1. Nintendo forecasts Switch 2 sales to fall to 16.5 million units this year, down from 19.86 million. Net profit for the last fiscal year rose 52% to 424.1 billion yen.
May 8, 2026
Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074
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Samsung Galaxy S25 Edge Price Cut: Flipkart Deal Drops Flagship To ₹65,074

Flipkart is listing the Samsung Galaxy S25 Edge 12GB/256GB at ₹68,999, down from its May 2025 India launch price of ₹1,09,999. The lowest effective price with offers is ₹65,074. The discount comes as India’s smartphone shipments fell 2% year-on-year in Q1 2026, with CMR projecting a 10%–12% drop for the year. Flipkart’s Sasa Lele sale starts May 9, with early access for Black members on May 8.
May 8, 2026
Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight
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Pentagon’s $500 Million Scale AI Deal Puts Big Tech’s War Work Back in the Spotlight

The Pentagon has raised Scale AI’s contract ceiling to $500 million, expanding the startup’s role in military data sorting and decision support. The agreement, five times larger than the previous $100 million award, covers computer vision and generative AI tools. Scale’s systems will operate on both classified and unclassified networks. The move follows new classified-network deals with Google, OpenAI, and Microsoft.
May 7, 2026
Nvidia Bubble Question Returns After AI Chip Rally Sends Nikkei To Record High
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Nvidia Bubble Question Returns After AI Chip Rally Sends Nikkei To Record High

Japan’s Nikkei closed at a record 62,833 on Thursday, jumping 3,320 points as investors poured into AI and semiconductor stocks after the Golden Week break. The surge revived debate in Japanese media over whether Nvidia’s valuation and the broader AI-chip rally are sustainable. Local reports flagged risks of overheating and market concentration. Economist Emin Yilmaz warned that Nvidia’s market cap surpassing Japan’s GDP signals bubble-like conditions.
May 7, 2026
RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope
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RTL Stock Slump Puts Sky Deal and Streaming Bet Under the Microscope

RTL Group shares fell 0.46% to 32.68 euros late Thursday, extending a 13.56% five-day slide amid questions over the broadcaster’s outlook. The stock dropped after RTL paid a 5.50 euro dividend linked to the RTL Nederland sale. The company will report first-quarter results May 13 and plans to close its Sky Deutschland acquisition June 1. EU regulators cleared the deal, which will create a group with 12.3 million subscribers.
May 7, 2026
Google’s $99 Fitbit Air Takes Aim At Whoop As Fitbit App Gets Replaced
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Google’s $99 Fitbit Air Takes Aim At Whoop As Fitbit App Gets Replaced

Google began U.S. pre-orders Thursday for the $99.99 Fitbit Air, a screenless fitness tracker arriving in stores May 26. The Fitbit app will rebrand as Google Health starting May 19, with expanded device support and medical record syncing. Google Health Coach, powered by Gemini AI, launches May 19 at $9.99 per month. A Stephen Curry edition Fitbit Air is also available for $129.99.
May 7, 2026
IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal
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IREN Earnings Today: Why the AI Cloud Stock Faces Its First Big Test After Mirantis Deal

IREN shares fell $1.48 to $59.50 ahead of its fiscal Q3 results, due after Thursday’s close. Analysts expect a $213 million revenue and a loss of 18 cents per share, with Zacks noting IREN has missed consensus for four straight quarters. The report follows IREN’s $625 million all-stock deal to acquire Mirantis and the activation of its 1.4-gigawatt Texas data center.
May 7, 2026
Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move
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Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move

Kontron shares fell Thursday after Ennoconn, its largest shareholder, signaled a possible mandatory takeover bid at €23.50 per share, just under 2% above Wednesday’s close. First-quarter revenue dropped 5.6% to €363.7 million, and net profit fell to €14 million. Kontron plans to cut 500 jobs in its Greentec division by August, targeting over €30 million in annual savings.
May 7, 2026
Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening
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Anthropic’s 80-Fold Claude Boom Just Forced a SpaceX Deal, and OpenAI Gets an Opening

Anthropic will use all available capacity at SpaceX’s Colossus 1 data center, adding over 220,000 Nvidia GPUs and 300 megawatts within a month, to address surging demand for its Claude AI models. The deal allows Anthropic to raise usage limits for customers and gives SpaceX a major AI client, while xAI continues on Colossus 2. Anthropic’s revenue and usage rose 80-fold year over year in Q1.
May 7, 2026
Kraken MoneyGram Partnership Opens Crypto-to-Cash Withdrawals in 100+ Countries as IPO Push Builds
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Kraken MoneyGram Partnership Opens Crypto-to-Cash Withdrawals in 100+ Countries as IPO Push Builds

Kraken and MoneyGram announced a global partnership allowing Kraken users to convert cryptocurrency to cash at MoneyGram locations in over 100 countries. The phased rollout will begin in the U.S., Europe, Latin America, Africa, and Asia Pacific. Kraken will manage onboarding and compliance; MoneyGram will handle money transmission. The move comes as U.S. lawmakers debate stablecoin rules under the CLARITY Act.
May 7, 2026
Vivo X300 Ultra Launch: ₹1.6 Lakh ZEISS Camera Phone Takes On iPhone, Samsung In India
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Vivo X300 Ultra Launch: ₹1.6 Lakh ZEISS Camera Phone Takes On iPhone, Samsung In India

Vivo launched the X300 Ultra in India at ₹1,59,999, featuring ZEISS-branded cameras and a Snapdragon 8 Gen 5 chip, with sales starting May 14. The X300 FE starts at ₹79,999. Vivo led India’s smartphone market in Q1 2026 with a 21% share, but overall shipments may fall up to 12% this year due to rising chip costs and weaker demand for cheaper models.
May 6, 2026
Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus
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Cognizant Layoffs: 15,000 Jobs May Be at Risk as Project Leap Puts India Workforce in Focus

Cognizant may cut 12,000 to 15,000 jobs globally under Project Leap, with most layoffs likely in India, according to multiple Indian news outlets citing internal estimates. The company has set aside up to $270 million for severance and personnel costs, but has not confirmed numbers. Cognizant employs over 250,000 people in India out of 357,600 worldwide. Project Leap aims to shift the company toward a leaner, AI-driven model.
May 6, 2026
Sandisk Stock’s $4,000 Bull Case Runs Into A $200 Billion Reality Check
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Sandisk Stock’s $4,000 Bull Case Runs Into A $200 Billion Reality Check

Sandisk’s market value surged past $200 billion as shares hit $1,507 Wednesday, driven by soaring AI-related demand for flash memory. Fiscal Q3 revenue jumped 97% from the prior quarter to $5.95 billion, with datacenter sales up 233% sequentially. The company signed five long-term supply deals, three worth at least $42 billion each. Sandisk forecasts Q4 revenue of $7.75–$8.25 billion and adjusted earnings of $30–$33 a share.
May 6, 2026
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