SpaceX reported quarterly capital expenditures of $15.8 billion for its xAI unit, which runs the Grok AI service, exceeding analyst expectations of $13.09 billion and nearly doubling from the prior qu…
Bloomberg News reported that Chinese AI startup Moonshot AI has access to approximately 20,000 Nvidia Hopper-generation chips through a computing agreement with Alibaba Group, providing key compute fo…
Moonshot AI, the Beijing-based lab behind the Kimi K3 model, has closed a $3.5 billion funding round that values the company at $35 billion, far exceeding its original target of $1-2 billion, accordin…
Apple briefly touched a $5 trillion market cap on July 28, 2026, becoming the second public company to do so after Nvidia, as investors rewarded its disciplined spending strategy over the AI infrastru…
Satellite imagery shows damage to two Amazon.com Inc. data centers in Bahrain, supporting Iran's claims that it struck the sites with missiles, according to Bloomberg News analysis of European Space A…
Chinese AI startup DeepSeek has halted its second fundraising round, Bloomberg News reported, citing people familiar with the matter. The decision pauses what was expected to be a significant capital …
The National Highway Traffic Safety Administration will begin developing new federal rules to mandate a robust door egress system in all motor vehicles after at least 15 deaths in Tesla crashes where …
Big Tech companies including Meta, Alphabet, and Microsoft are using off-balance sheet financing vehicles similar to those that enabled Enron's collapse, masking billions in debt tied to AI infrastruc…
Japan's government announced a reform package on Tuesday that eases bank lending limits for financing mergers, acquisitions, and projects such as AI data centers, as part of efforts to support Prime M…
Alphabet Inc.'s Google has postponed the launch of its Gemini 3.5 Pro AI model by several months after internal testing revealed performance shortfalls, particularly in coding tasks, according to a Bl…
Meta Platforms Inc. shares surged 17% in July, making them the third-best performer in the S&P 500 Index, after the company revealed plans for a cloud-computing business and a new paid tier for its AI…
ECB-rådsledamoten Emmanuel Moulin varnar för att AI-investeringar riskerar att öka prisvolatiliteten på kort sikt, men att tekniken på längre sikt kan bli en inflationsdämpande kraft genom ökad produk…
Starbucks is developing in-house AI-powered software to replace Microsoft Dynamics 365 and IBM TRIRIGA, aiming to reduce reliance on big tech vendors. The internally built replacements could go live b…
Nobel laureate Christopher Pissarides dismissed the idea that artificial intelligence will restore rapid productivity growth in Western economies, arguing that the fast-growth years may be over. Speak…
US home battery installations hit a record 673 megawatts in Q1 2026, driven by rising electricity costs and state incentives in California, Hawaii, Texas, and Arizona. The trend helps homeowners store…
Microsoft is reportedly planning another round of layoffs affecting less than 2.5% of its workforce, just months after cutting thousands of jobs, as the company prioritizes AI development. The cuts ar…
Meta Platforms is building a cloud business to sell excess AI computing capacity, according to a Bloomberg News report. Shares of the company rose over 6% in premarket trading following the news.…
A new study by Harvard economist Rebecca Diamond finds that women taking GLP-1 weight-loss drugs are significantly more likely to gain employment, with the employment rate rising 27 percentage points …
The U.S. Commerce Department approved Anthropic to restore access to its Claude Mythos 5 AI model for roughly 100 vetted American companies and federal agencies, ending a two-week national security st…
Anthropic won U.S. approval to restore some access to its Mythos 5 AI model after resolving national security concerns, with Commerce Secretary Howard Lutnick citing significant progress in addressing…