Tech News Briefing

Plus: Visa cuts headcount by about 7%. And Korean stocks tumble on doubts over AI. Imani Moise hosts.

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IBM has a plan to profit from the AI race that doesn’t involve pouring billions of dollars into data centers or new models. CEO Arvind Krishna sits down with WSJ columnist Christopher Mims after the company’s worst single-day stock loss in history to share his vision for Big Blue’s future. Plus, lifestyle collections from Palantir and OpenAI have sparked ridicule across the internet. WSJ features editor Jamie Waters joins to explain why the products are selling out anyway.

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Plus: Apple approaches $5 trillion market cap. And AstraZeneca says it’s on track to hit its revenue target for 2030. Imani Moise hosts.

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Plus: chip maker CXMT becomes the most valuable company listed in mainland China in its debut. And some U.S. companies plan to increase headcount despite AI fears. Imani Moise hosts.

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Plus: Verizon Communications revenue falls in second quarter. Meanwhile, Charter Communications logs its fourth consecutive quarterly revenue decline. Julie Chang hosts.

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Plus: SAP shares rise after earnings beat. And CATL profit surges on booming battery demand. Imani Moise hosts.

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As a backlash against AI builds, CEOs of AI firms are beefing up security and telling employees to leave their company branded swag at home. WSJ’s Zusha Elinson unpacks the violent threats putting the industry on edge. Plus, Tesla became the most valuable car company in the world by acting less like an automaker and more like a tech company. WSJ Detroit Bureau Chief Patrick George digs into the company’s latest quarterly results, and why they made investors push the stock lower. Imani Moise hosts.

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Plus: the European Union fines Google for breaching its digital competition rules. And U.S. lawmakers introduce a bill to rein in powerful AI models. Imani Moise hosts.

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Plus: new Google research says AI is assisting workers, not replacing them. And shares in STMicroelectronics fall on new revenue forecast. Imani Moise hosts.

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Plus: IBM lowers full-year revenue growth outlook. And Tesla’s second-quarter revenue surges amid $5.8 billion spend in AI and robotics. Julie Chang hosts.

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