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Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood

Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood In its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, scaring investors. Powered by WPeMatico https://techcrunch.com/2026/06/24/cerebras-stock-plunges-after-earnings-as-ceo-says-margin-outlook-was-misunderstood/

Former Infosys chief has a new startup that wants to challenge the IT services world

Former Infosys chief has a new startup that wants to challenge the IT services world Backed by Mayfield and Aramco Ventures, Vishal Sikka’s new venture brings together veterans from SAP, Infosys, and VianAI. Powered by WPeMatico https://techcrunch.com/2026/06/24/former-infosys-chief-has-a-new-startup-that-wants-to-challenge-the-it-services-world/

Elon suffers another day short of trillionaire status

Elon suffers another day short of trillionaire status Right now he’s merely a several-hundred-billionaire, according to Bloomberg’s Billionaires Index. Powered by WPeMatico https://techcrunch.com/2026/06/24/elon-suffers-another-day-short-of-trillionaire-status/

Europe is pushing back on Washington’s chip war

Europe is pushing back on Washington’s chip war As ASML CEO Christophe Fouquet told TechCrunch in May, what China can currently buy are older-generation deep ultraviolet tools — gear first shipped about a decade ago — the same machines the MATCH Act would now put off limits. Powered by WPeMatico

AI was supposed to kill engineering jobs, but new data suggests they’re the most resilient

AI was supposed to kill engineering jobs, but new data suggests they’re the most resilient While AI dominates the layoff narrative, engineers are actually making up a larger share of new hires, according to SignalFire data. Powered by WPeMatico https://techcrunch.com/2026/06/24/ai-was-supposed-to-kill-engineering-jobs-but-new-data-suggests-theyre-the-most-resilient/