Meta shares rose 8% after the company announced a new cloud business to sell excess AI compute capacity, easing investor concerns about its infrastructure spending.…
Meta Platforms is developing a cloud business to sell excess AI computing capacity and offer access to hosted models, according to reports. The plans, still in development, could include renting raw G…
Palantir published a 9-point manifesto on X advocating for 'AI sovereignty,' urging companies to retain data in-house and criticizing 'tokenmaxxing' as false progress. The post warns against outsourci…
Abu Dhabi sovereign wealth fund MGX closed a $49 billion AI fund on July 1, 2026, exceeding its initial $45 billion target. The fund, one of the largest focused on AI, has already backed 14 companies …
Perplexity CEO Aravind Srinivas said the future of AI depends on maximizing economic value per unit of energy, not building larger data centers. The company reported 45 million monthly active users an…
KKR and SK Inc. launched a $1.3 billion renewable energy platform in South Korea, with KKR taking a 51% stake and management control. The platform starts with 1.7 GW of operating capacity and targets …
The combined market value of the Magnificent Seven tech stocks fell by $2.3 trillion as investors grew jittery over AI spending, according to a CNBC report that was inaccessible due to an access error…
Ford, Commonwealth Bank, and IBM are rehiring staff after AI-driven layoffs backfired, with Ford re-employing 350 engineers to fix quality problems and Commonwealth Bank reversing cuts to 45 customer …
China-linked cyberattacks are increasing and expanding beyond specific technology targets as the U.S.-China AI competition intensifies, analysts warn.…
CNBC's Jim Cramer said the AI trade has shifted, with Wall Street now rewarding suppliers of the artificial intelligence boom rather than the technology giants funding it.…
CNBC president KC Sullivan said the financial news network is on offense after the Versant Media spinoff, focusing on multiplatform digital transformation and leveraging AI disruption as an opportunit…
A record rally in chip stocks added $2 trillion in combined value to Micron, Intel and AMD in the second quarter, as the artificial intelligence boom expanded beyond Nvidia to include more suppliers.…
Palo Alto Networks and CrowdStrike reported record quarterly results, with shares surging 95% and 113% respectively, driven by demand for AI-powered cybersecurity. The companies have partnered with An…
Exelon CEO Calvin Butler warned that U.S. blackouts could begin as early as 2027 due to surging energy demand from AI data centers, which have pushed grid capacity to its limits. Nearly 400,000 Exelon…
The Trump administration has reportedly approached SpaceX about donating company stock to Trump Accounts, a new children's savings program, but current Treasury guidelines prohibit stock donations. Ov…
Google has made its personalized image generation feature, powered by Nano Banana, free for all eligible US users, removing the previous paywall. The feature pulls context from users' Gmail, Google Ph…
Federal Reserve-chefen Beth Hammack varnar för att AI-investeringar kan driva på inflationen, vilket kan kräva stramare penningpolitik. Uttalandet går emot andra bedömare som menar att AI kan öka prod…
HSBC warns of potential 'pain trades' that could surprise the stock market, including a more negative AI narrative and a stronger dollar. The bank notes that AI sector earnings expectations may be too…
Alphabet joined the Dow Jones Industrial Average on June 29, with its stock rising about 4% on the debut, making it the sixth-largest weight in the index at roughly 4%. Despite the symbolic milestone,…
The Bank for International Settlements warned that a $1 trillion AI capital expenditure boom by hyperscalers could trigger a financial bust if returns disappoint, with Bitcoin acting as a fast-reactin…