Federal Reserve Chair Kevin Warsh held rates steady at the June 17 FOMC meeting and dropped forward guidance, forcing markets to price risk independently. The 2-year Treasury yield rose sharply, and t…
The Public Utility Commission of Texas approved ERCOT's first 'Batch Zero' process to group large electricity connection requests of 75 MW or more into a single study, as ERCOT tracks over 438,000 MW …
On June 12, 2026, the U.S. government ordered Anthropic to suspend access to its Claude Fable 5 and Mythos 5 models for foreign nationals, prompting Anthropic to disable both models globally. The inci…
Engineers from Anthropic and OpenAI are adopting 'loop engineering' for AI agents, replacing individual prompts with recurring orchestration loops that set goals, invoke agents, check outputs, and re-…
CoreWeave reported a $99.4 billion revenue backlog as of Q1 2026, driven by multi-year take-or-pay contracts with Microsoft, OpenAI, Meta, and Anthropic. The company carries $24.9 billion in debt and …
SpaceX's stock surge following its IPO has improved the math for a potential merger with Tesla, reducing the share dilution needed for an all-stock acquisition. SpaceX president Gwynne Shotwell hinted…
OpenAI and Anthropic have both filed for US IPOs, with OpenAI targeting up to a $1 trillion valuation and a potential listing as early as September, according to Reuters. The combined private-market v…
Yann LeCun, a prominent AI researcher, criticized Elon Musk's xAI as a 'failure' and warned that AI labs risk causing a 'big bubble explosion.' The remarks were made in a CNBC article that is currentl…
CNBC reports that AI credit markets face a risk of a 'violent' correction, according to Man Group, urging investors to remain clear-eyed about the potential downturn.…
AI startup Subquadratic claims to have solved a mathematical bottleneck in large language models, enabling faster and cheaper computation, though experts remain skeptical. Meanwhile, brain-computer in…
PwC global chairman Mohamed Kande said at VivaTech that companies adopting AI at scale are increasing headcount, not cutting it, and that workers become more valuable with AI use. PwC's 2026 jobs baro…
Meta launched Meta Business Agent on June 3, 2026, an AI service enabling businesses to automate customer interactions across WhatsApp, Messenger, and Instagram, including booking appointments and com…
Three Amazon employees who testified at Seattle City Council hearings about a proposed data center moratorium say they are under internal HR investigation, and have filed a complaint with the Seattle …
Yann LeCun, a prominent AI researcher, called Elon Musk's xAI a 'failure' in a CNBC interview, citing the departure of nearly all founding members and questioning the company's ability to compete with…
AI pioneer Yann LeCun called Elon Musk's xAI 'kind of a failure,' citing difficulty hiring top talent and reliance on renting infrastructure to recoup costs. LeCun also warned that AI labs face a 'big…
Meta's former chief AI scientist Yann LeCun told CNBC that Elon Musk's AI lab xAI is 'kind of a failure,' citing difficulty hiring top talent after all non-Musk cofounders left and the company's need …
Microsoft shareholders filed a securities class action lawsuit in Seattle federal court, alleging the company misled investors about its AI and cloud business performance. The suit claims Microsoft do…
Meta's newly appointed President Dina Powell McCormick is leveraging her Wall Street connections, including relationships with JPMorgan CEO Jamie Dimon, to secure financing for the company's massive A…
Chinese AI lab DeepSeek reportedly required prospective investors to agree not to poach its staff or encourage them to start rival companies, a condition raised during a virtual meeting in May, accord…
The U.S. government ordered restrictions on access to frontier Anthropic models, prompting Anthropic to disable global access to its latest models, Fable 5 and Mythos 5, cutting off Indian developers …