Westpac Banking Corp. is intensifying efforts to monitor artificial intelligence costs, tracking AI tokens across the firm and routing simpler tasks to cheaper models, according to chief AI officer Da…
Meta Platforms Inc. debuted a new AI image-generation model called Muse Image, rolling out inside the Meta AI chatbot and across Instagram and WhatsApp. The model allows users to generate or edit imag…
Norm Ai, an AI legal startup, raised $120 million in a funding round led by Khosla Ventures, valuing the company at $1.2 billion. The startup operates its own law firm, Norm Law, which charges clients…
US IPOs and share sales hit a record $251 billion in the first half of 2026, driven by SpaceX's $86.2 billion listing and Alphabet's $85 billion fundraise. AI infrastructure spending is fueling demand…
Tech giants including Alphabet Inc., SpaceX, OpenAI, and Meta Platforms Inc. are rushing to raise equity, with $85 billion in share sales and a $75 billion IPO this month alone, signaling heavier capi…
OpenAI is releasing a preview of its GPT-5.6 model to a small group of US-government-approved partners, following pressure from the Trump administration to stagger the rollout. The limited release com…
Two prominent Chinese hedge funds, Wealspring Asset and Shanghai Banxia Investment Management Center, warned that the global AI stock boom is an unsustainable 'super bubble' poised to burst. Wealsprin…
SoftBank CEO Masayoshi Son dismissed concerns about an AI bubble, calling such talk an 'insult' to a revolution just beginning, and vowed to delay retirement by another 10-15 years to capitalize on th…
Hong Kong's Hang Seng Index briefly slipped below 23,000 for the first time in a year, led by a 4.2% drop in Alibaba after Anthropic accused it of illicitly extracting AI capabilities. The decline ref…
The Trump administration ordered Anthropic to obtain US approval for foreign nationals to use its AI models, marking an unprecedented use of export control laws that raises legal questions about gover…
SpaceX shares surged for a third consecutive day, pushing its market value to $2.8 trillion and briefly overtaking Amazon to become the world's fourth-largest stock. The rally was driven by limited pu…
SpaceX shares surged up to 8.7% in their second day of trading, boosting the company's market value to over $2.2 trillion following a record $86.2 billion IPO. The strong debut eased concerns about la…
Executives from Anthropic, OpenAI, and Google are scheduled to attend the upcoming Group of Seven summit in France, according to a list released by the French presidential office. OpenAI’s Sam Altman,…
Airbnb CEO Brian Chesky is launching a new artificial intelligence lab focused on developing AI models with an emphasis on user interaction and design, according to sources familiar with the matter. C…
Broadcom Inc. shares fell by as much as 15% Thursday, the biggest intraday decline in more than 16 months, after the company forecast AI chip revenue of $16 billion for the fiscal third quarter, missi…
Investors are targeting Asian supply-chain companies, betting that anticipated stock offerings by SpaceX, Anthropic PBC and OpenAI will trigger billions of dollars in technology spending. Bloomberg re…
Anthropic PBC’s seven co-founders, including siblings Dario and Daniela Amodei, each became worth about $8 billion after the AI firm raised $65 billion at a $965 billion valuation, adding the most bil…