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Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises

Google Cloud and Blackstone announced a $5b joint venture to offer AI compute-as-a-service built on Google’s Tensor Processing Units (TPUs). Alphabet plans to supply TPUs to external customers, including Anthropic and Meta, expanding access to its AI chips. At Google Marketing Live, Google introduced six Gemini powered ad formats and outlined a new AI centric product roadmap for marketers. EU regulators are preparing a record antitrust fine against Alphabet under the Digital Markets Act,...

Simply Wall St.
Jony Ive Designed Ferrari Luce Debuts With A $640,000 Price Tag And Interiors That Drift Apart From Tesla's Screen-Heavy Approach

Ferrari N.V. (NYSE:RACE) unveiled its first fully electric car Monday, presenting the four-door Luce, designed in collaboration with former Apple Inc. (NASDAQ:AAPL) design chief Jony Ive and his collective LoveFrom, as a high-stakes bet that wealthy buyers will embrace a battery-powered Ferrari even as rivals such as Volkswagen AG’s (OTC:VWAGY) Porsche and Lamborghini slow some EV plans because of softer demand. Ferrari Bets On Electric Luxury The Luce, Italian for "light," is Ferrari's first fi

Benzinga
Ferrari bets on generational tech shift with Luce five-seat EV

<body><p>STORY: :: Ferrari</p><p>Ferrari presented its first fully electric car on Monday, marking a high-stakes shift by the luxury sports car maker.</p><p>Dubbed the Luce, it has a range of over 300 miles and features four electric motors, which help deliver more than 1,000 horsepower and a top speed close to 200 miles per hour.&nbsp;</p><p>Priced at $640,000, Ferrari aims to appeal to families with deep pockets, offering them comfortable seats, high-end tech and a big trunk.&nbsp;</p><p>The four-door Luce, Italian for 'light', is Ferrari's first five-seater and was developed with the help of former Apple design chief Jony Ive and his collective LoveFrom.</p><p>The Luce marks a gamble that a generation steeped in technology and AI, and less attached to the brand's trademark 12- and 8-cylinder engine legacy, will shift to high-tech luxury EVs.</p><p>The move comes as competitors including Porsche and Lamborghini scale back their EV ambitions, citing weak demand.</p><p>Ferrari also hopes the Luce will help it expand in markets like China, where EVs are already widespread and big petrol cars are heavily taxed.</p></body>

Reuters Videos
AI just minted 19 new billionaires worth $59 billion

Money has a way of finding the people building tomorrow's tools before the rest of us notice. That was true in the dotcom boom, in the smartphone era, and again in the social media land grab a decade later. The AI boom looks different, at least so far. For the last three years, almost every story ...

TheStreet
Santa Clara Lawsuit Tests Meta’s AI Ad Model And Governance Balance

Santa Clara County filed a civil lawsuit against Meta Platforms (NasdaqGS:META), accusing it of knowingly profiting from scam ads that use AI systems. The suit targets Meta's advertising practices and claims the company prioritizes revenue over user safety. Alleged victims include seniors and small businesses that were defrauded through sophisticated scam campaigns. The case seeks financial penalties and broad changes to how Meta screens and serves ads on its platforms. Meta Platforms, the...

Simply Wall St.
5-star analysts reset Marvell stock price target ahead of earnings

Marvell (MRVL) stock closed the May 22 trading session at $196.33. The stock has rallied 131% year to date, by Sunday morning, May 24. Meanwhile, the SPDR S&P 500 index (SPY) is up about 9% in the same period. The company has outpaced the S&P 500, thanks to its participation in the broader ...

TheStreet
NVIDIA (NVDA): The Best High Growth Stock to Buy and Hold for the Next Decade

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 High Growth Stocks to Buy and Hold for the Next Decade. On May 20, 2026, NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang said the company has “largely conceded” China’s AI chip market to Huawei as U.S. export restrictions continue reshaping the global semiconductor landscape. Speaking to CNBC’s Sara […]

Insider Monkey
Stifel Raises its Price Target on Marvell Technology (MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is one of the 15 High Growth Stocks to Buy and Hold for the Next Decade. On May 22, 2026, Stifel raised the firm’s price target on Marvell Technology, Inc. (NASDAQ:MRVL) to $210 from $140 and kept a Buy rating on the shares. Nvidia partnership and hyperscaler capex raises reinforce the […]

Insider Monkey
Wedbush analyst has bold IMAX stock message for investors

IMAX Corporation (IMAX) shareholders had the kind of Friday that rewrites a year. Shares of the premium cinema technology company jumped about 15% on May 22, closing at $39.12, after The Wall Street Journal reported the company is exploring a sale and has approached entertainment companies as ...

TheStreet