Vast, a Beijing-based AI startup specializing in generative AI for 3D modeling, is targeting a $2 billion valuation for its Hong Kong IPO, double its recent private valuation of approximately $1 billi…
Chili's, owned by Brinker International, is thriving by avoiding a full embrace of AI, focusing instead on practical tech upgrades like new iPads, WiFi, and payment systems. CIO Chris Caldwell said th…
Morgan Stanley identified 24 AI-adopter stocks rated 'Overweight' that have seen relative net margins expand by 50 basis points in three months, with net margins now exceeding the broader market by ne…
Morgan Stanley expects hyperscalers and their joint ventures to issue $250 billion to $300 billion in debt in 2026, part of a broader AI-related debt market topping $570 billion, as Bank of America pu…
Alibaba-backed 3D AI startup Vast is weighing a Hong Kong IPO, with Bank of America and China International Capital Corp working on the potential share sale, according to Bloomberg. The Beijing-based …
Bank of America analyst Vivek Arya reported that cloud computing backlogs across the top four cloud service providers now exceed $2.3 trillion, up 16% from the first quarter, supporting continued AI c…
Bank of America analysts raised their outlook for hyperscaler capital spending to roughly $860 billion in 2026 and nearly $1.2 trillion in 2027, projecting aggregate free cash flow for eight major clo…
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness lost roughly 67% of its value in July, forcing it to sell a $16 billion public equity portfolio to Citadel at a 10% discount to meet…
Leopold Aschenbrenner's hedge fund, Situational Awareness LP, collapsed from $45 billion to about $10 billion in six trading days after margin calls forced it to sell nearly its entire public stock po…
Semiconductor stocks lost approximately $1.3 trillion in market value in early June 2026 as the crowded AI trade unraveled, with the Philadelphia Semiconductor Index (SOX) falling into bear market ter…
Citadel acquired approximately $16 billion in public equity holdings from Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness LP after margin calls from Bank of America, Goldman Sachs,…
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness sold a chunk of its AI-related public equities on Thursday (Jul 30) and saw its assets slump sharply, after a selloff in AI stocks f…
Leopold Aschenbrenner's Situational Awareness Capital, an AI-focused hedge fund that reported a 439% net return through June, was forced to unwind after losses on a highly leveraged portfolio triggere…
Citadel, managing about $71 billion in assets, has acquired the majority of the public equities portfolio of Situational Awareness, the AI-focused hedge fund led by former OpenAI researcher Leopold As…
Leopold Aschenbrenner's Situational Awareness LP, an AI-focused hedge fund that managed roughly $20-24 billion, liquidated its entire public equity book after margin calls from Goldman Sachs, JPMorgan…
Apple CEO Tim Cook will preside over his final earnings call on Thursday as John Ternus prepares to take over on September 1, with analysts focused on the company's AI strategy and iPhone 18 pricing a…
Meta Platforms heads into a high-stakes Q2 earnings report on Wednesday with investors increasingly skittish about AI capex, after Alphabet and Tesla were punished for spending figures that outpaced W…
Circle acquired over 680 patent families and nearly 1,000 issued blockchain patents from IBM, making it the largest blockchain patent holder in the United States. The portfolio covers banking, insuran…
PIMCO group chief investment officer Dan Ivascyn secured favorable conditions for a $16 billion Oracle data center campus financing in Saline Township, Michigan, with PIMCO anchoring roughly $10 billi…
US tech giants including Microsoft, Alphabet, Amazon, and Meta are projected to spend $600 billion to $725 billion on AI capital expenditures by 2026, up from $150 billion in 2023, but investors are g…