Major AI companies including OpenAI, Anthropic, Google, and Meta are set to meet with White House officials to discuss AI safety testing. Meanwhile, several tech firms like Palantir, Onsemi, and Adeia announced strong financial forecasts and revenue targets, with Palantir's earnings surging past expectations.
Meta has begun a new round of layoffs, eliminating approximately 8,000 jobs globally, as the company reorganizes and increases its focus on artificial intelligence. CEO Mark Zuckerberg addressed the affected employees, stating he does not expect further company-wide layoffs this year.
UniCredit Bank has announced a record quarterly profit, with its net profit in Czechia and Slovakia also seeing a significant increase. This financial performance highlights strong investment income for the banking group.
Key highlights from onsemi's first-quarter earnings call have been released, providing insights into the company's recent financial performance and future projections.
An analysis suggests that the market may be misunderstanding onsemi's true value, presenting an opportunity for investors to capitalize on its potential. The article highlights what the market gets wrong and how investors can get it right.
Onsemi, a semiconductor supplier, announced its decision to sell two of its chipmaking plants as part of a broader strategy to reduce operational costs. This move aims to streamline the company's manufacturing footprint.
Onsemi anticipates Q2 2026 earnings per share between $0.65 and $0.77, while also forecasting its AI data center revenue to double year-over-year in 2026.
