Adobe's long-serving Chief Executive Officer Shantanu Narayen will exit his role once a successor is appointed, the design software maker announced. Following the news, the company's shares experienced a decline of more than 7% in extended trading. This announcement reignited investor concerns regarding Adobe's strategic direction amid significant disruption from artificial intelligence (AI).

Nvidia will invest USD 2 billion in AI cloud company Nebius. This adds to the leading chipmaker's expanding list of investments in artificial intelligence firms, and data centre infrastructure.

Chinese electric vehicle (EV) maker Nio has forecast a surge of up to 97% in first-quarter deliveries. This projection underscores a turnaround after the company posted its first-ever quarterly profit. The growth defies a slowdown that has impacted most of its domestic rivals. Credit: UNSPLASH Nio expects to deliver 80,000 to 83,000 vehicles in the first quarter of 2026, marking a year-on-year increase of between 90% and 97%. This growth projection goes against the trend seen

Contemporary Amperex Technology Ltd (CATL) reported a 42% jump in net profit last year to US$10.4 billion, driven by strong battery sales and expansion into new energy storage scenarios. The Chinese battery giant’s global market share for power battery usage reached 39.2% in 2025, solidifying its position as the world’s top manufacturer for the ninth consecutive year.

Shares of online travel agencies surged following reports that OpenAI is scaling back plans to integrate direct bookings into ChatGPT. This development eases investor fears that artificial intelligence chatbots could eventually bypass travel intermediaries.

Nvidia Chief Executive Officer Jensen Huang indicated the company’s recent investments in OpenAI and Anthropic might be its final ones, as both artificial intelligence organisations prepare for potential public offerings this year.

X, the social media platform, and artificial intelligence startup xAI plan to fully repay approximately USD 17.5 billion in company debt. Morgan Stanley, which manages the debt for both organisations, has been informing existing lenders of this plan. Credit: xAI This repayment includes xAI's USD 3 billion of high-yield bonds, which are set to be redeemed at approximately USD 1.17 on the dollar. This premium reflects the expectation that the debt would have remained outstandin

The global smartphone market is projected to experience its largest decline on record in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation (IDC) said on Thursday.