Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates

Guggenheim AI Survey Finds Adoption Surging Across Large IT Enterprises As Mass Layoff Fears Fall Flat Building on Goldman's estimate that AI adoption across corporate America currently stands at roughly 20.6% and could rise to 24% by year-end, a Guggenheim Securities survey of 150 large-enterprise IT professionals found that 81% of respondents have already deployed AI agents. Anthropic and OpenAI are leading adoption among AI-native platforms, reinforcing the view that the enterprise chatbot and frontier-model battle is increasingly becoming a two-pony race. The survey found that enterprise adoption of AI...

Gulf LNG Crisis Set To 'Make Coal Great Again' Our weekend wrap on the global energy crisis focused on Asia as ground zero and how the shock will ripple across the world, eventually hitting the US. This is now the second major energy crunch of the decade: first Russia's invasion of Ukraine, now the U.S.-Iran conflict. However, this one looks a lot more catastrophic. The immediate impact of this energy crunch will be a resurgence of coal, especially across Asia, as power grid operators will be forced to switch to...

Waymo Recalls Robotaxis After Cars Drive Into Construction Zones Authored by Jill McLaughlin via The Epoch Times, Waymo has recalled its entire fleet of vehicles after some of its driverless cars were caught speeding into freeway construction zones. The voluntary recall on June 13 of the California-based tech company’s 3,871 vehicles is to fix its 5th-generation Automated Driving System (ADS) software so that it will recognize and avoid construction zones. “Waymo’s mission is to be the world’s most trusted driver, and the data shows that we’re making roads safer in the communities in...