Tech industry

Tech industry

Last month, the supermarket giant announced plans to sue Broadcom for £100 million over VMware licensing contracts. Broadcom bought VMware in 2022 for $61 billion, sparking a backlash from its own customers by changing licensing terms in a way that led to price increases for many. Tesco said via court filings that the licensing changes led to prices it paid for VMware software to jump by 237%, accusing Broadcom of refusing to negotiate and taking advantage of its market dominance to hike up prices.

Tesco's lawsuit against VMware has taken a twist, with Computacenter filing a claim against Broadcom and Dell. As The Register reported in September, Tesco sued VMware's new owner Broadcom and Computacenter for not honouring a contract that gave the supermarket giant the option to acquire software at pre-determined prices and ongoing software support services. The lawsuit named reseller Computacenter as a defendant, because Tesco had a contract with the company to acquire the necessary licenses.

"We are going to tear apart HI. It's going to be the easiest thing to do." That's Brandon Sterri texting his brothers on January 29. According to the complaint, Brandon and his brother Brian were, at that moment, still drawing paychecks from Human Interest, still logging into their company-issued laptops every morning beneath reminders that access was "limited to authorized personnel," and that they'd agreed "to protect confidential data."

Tesla acquired the Fremont Factory from the defunct NUMMI joint venture between General Motors and Toyota in May 2010 for $42 million. The facility had produced more than 8 million vehicles under GM and Toyota over 26 years. Following its acquisition, Tesla retooled the 5.3-million-square-foot plant to support the production of the Model S sedan. Over the past 15 years, the factory has evolved into Tesla's primary North American production hub, assembling the Model S, 3, X, and Y. Annual output has exceeded 550,000 vehicles,

SoFi Technologies (NASDAQ: SOFI) raised its full-year profit forecast on Tuesday after reporting record third-quarter results that beat Wall Street expectations, driven by fee revenue and more user growth across its financial products. CEO Anthony Noto said the company remains on track to launch crypto trading by the end of the year, with plans to roll out its own SoFi USD stablecoin in the first half of 2026 - marking its biggest step yet into the digital asset economy.

Seagate Technology ( NASDAQ: STX) delivered a commanding earnings beat on Tuesday, posting Q1 results that crushed expectations and signaled robust demand for high-capacity storage tied to AI infrastructure buildout. Revenue hit $2.63 billion, beating the $2.55 billion consensus by 3.1%, while non-GAAP EPS of $2.61 exceeded the $2.40 estimate and the high end of guided range. The stock traded at $223 at the close, but is now trading for nearly $233 after hours.

Meta raised its spending forecast, saying its capital expenditures on AI infrastructure and the like will be at least $70 billion this year, and "notably larger" next year. Google parent Alphabet - fresh off a record $100 billion revenue last quarter - raised its own spending forecast for the year to at least $91 billion. Microsoft CEO Satya Nadella said strong demand was the reason they "continue to increase our investments in AI across both capital and talent."

"Alphabet had a terrific quarter, with double-digit growth across every major part of our business," said CEO Sundar Pichai in a statement.

Western Digital delivered a revenue beat of $90 million, posting $2.82 billion against expectations of $2.73 billion. The real strength came from non-GAAP earnings per share of $1.78, which exceeded the $1.58 estimate by $0.20. The beat reflects robust demand from cloud and AI-driven data center workloads, which are pushing customers toward high-capacity storage solutions.

On June 5, it was reported that the company will be expanding its AI and cloud investments in Switzerland, committing $400 million to expand its data center infrastructure in the European nation. The additional capacity is expected to support more than 50,000 current customers and expand the availability of AI services for more sectors, including health care, finance government. Microsoft is capitalizing on its Azure platform's momentum as revenue jumped 39% in FY25 Q4, driven by AI services.