Federal Reserve Bank of St. Louis President Alberto Musalem said the bond market selloff reflects competition for capital from government borrowing and AI infrastructure spending, not diminished confi…
Wall Street is embracing high-yielding bonds from hyperscalers as issuance surges to fund artificial intelligence infrastructure, offering income investors attractive yields. CNBC reports that these b…
Meta Platforms CEO Mark Zuckerberg told journalist Alex Heath that he published his recent AI policy op-ed to state his values before Meta releases much more capable AI models in the near future, a si…
OpenAI CFO Sarah Friar told employees that the company will delay its IPO until at least the fourth quarter, despite a $122 billion fundraise earlier this year and reaccelerating growth after a slack …
Micron Technology is investing $50 billion in two advanced memory fabs in Boise, Idaho, which are expected to create about 3,500 direct jobs and turn some employees into millionaires, while straining …
Alibaba Group Holding Ltd. reported a 75% year-over-year decline in net income for the quarter ended June 30, while capital expenditure on AI infrastructure rose 75% to 67.68 billion yuan, Reuters and…
A majority of Americans believe AI development is moving too fast and are concerned about its direction, according to new polls from Pew Research, CNBC, and YouGov, as reported by TechCrunch. The poll…
OpenAI's operating loss widened to $12.3 billion in the second quarter, up from $9 billion the prior quarter, while revenue reached just under $7 billion, according to CNBC's Kate Rooney citing Wall S…
The Federal Reserve's July meeting minutes, released August 19, 2026, revealed that most officials supported holding the federal funds rate at its current range, but many saw a rate hike as likely if …
CNBC's Morning Squawk reports that the U.S. Treasury announced a debt buyback program, Walmart released its quarterly earnings, and Boise, Idaho, is experiencing an AI boom, among other key investor u…
Japan's exports grew 23.2% year-on-year in July, beating the Reuters poll estimate of 19.9% and marking the fifth consecutive month of gains, the fastest pace since October 2022, according to data cit…
Alibaba Group Holding Ltd. reported a 75% drop in net income to 10.5 billion yuan ($1.6 billion) for the June quarter, driven by a 75% surge in capital expenditure to 67.7 billion yuan ($10 billion) o…
Micron Technology's $50 billion buildout in Boise, Idaho, is reshaping the city by creating jobs and wealth while adding pressure to housing, traffic, and its identity, according to CNBC. The expansio…
A CNBC and SurveyMonkey Q3 2026 AI and Jobs Survey of 1,686 U.S. students and workers found that 42% favor allowing junior employees to use AI with clear guidelines and limitations, while 35% favor pr…
OpenAI CFO Sarah Friar told employees in a Wednesday all-hands meeting that an IPO is 'not a finish line, it is a milestone, another fundraise,' downplaying the importance of going public, according t…
SMIC's net profit jumped 261.7% year over year in Q2 to $479.2 million, with revenue crossing $3 billion for the first time, up 36.1%, while Hua Hong Semiconductor's net profit soared 385.9% to $38.6 …
Stripe is acquiring AI model marketplace OpenRouter for about $7.5 billion, with $1.5 billion allocated to OpenRouter's founders, according to The New York Times. The deal, announced less than three m…
FTC Chairman Andrew Ferguson said the biggest competitive risks in artificial intelligence lie not among AI models but in the upstream inputs—chips, power, and construction—needed to build them, while…
Robinhood CEO Vlad Tenev said tokenization will "take over the entire financial system," citing the company's launch of tokenized exposure to 190 U.S. stocks across 120 countries, $12 billion in DEX v…
OpenAI has informed employees it will go public by 2027, according to sources cited by CNBC. CFO Sarah Friar told staff during a Wednesday meeting that the IPO is a milestone, not the finish line, and…