Tech Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
- OpenAI resets spending expectations, tells investors compute target is around $600 billion by 2030
on February 20, 2026 at 10:35 pmOpenAI told investors it’s targeting roughly $600 billion in total compute spend by 2030, trying to clarify its plans after touting a $1.4 trillion figure.
- Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharmaon February 20, 2026 at 10:02 pm
Phil Spencer is retiring from Microsoft after joining the software company 38 years ago, and will be replaced by Instacart’s former COO.
- National Parent Teacher Association breaks ties with Meta amid child-safety trialson February 20, 2026 at 9:38 pm
Child-safety advocacy coalition ParentsSOS urged the National PTA to end other Big Tech partnerships due to safety and well-being concerns.
- Amazon, Etsy, other e-commerce stocks pop after Supreme Court rules against Trump’s tariffson February 20, 2026 at 9:07 pm
President Donald Trump’s tariffs have forced some e-commerce companies to raise prices and alter their supply chains.
- Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concernson February 20, 2026 at 9:07 pm
Software stocks have been in sell-off mode in recent weeks on fears that new AI tools will uproot their longstanding business models.