Qualcomm announced an agreement to acquire AI infrastructure company Modular Inc. for about $3.9 billion, aiming to strengthen its AI software capabilities with Modular's open, AI-native platform that…
CNBC reports that OpenAI CEO Sam Altman and the White House are in ongoing talks about a possible U.S. government equity stake in the company, with discussions spanning over a year and Altman first ra…
Micron Technology Inc is set to report third-quarter earnings on Wednesday, with Wall Street expecting revenue of $35.5 billion, a 281% year-over-year increase, driven by surging demand for memory chi…
Chinese Premier Li Qiang pledged at the World Economic Forum in Dalian on June 24 that China will continue participating in global AI governance, warning that governments risk losing control of fronti…
Micron Technology briefly surpassed a $1 trillion market capitalization in late May 2026 after its shares jumped roughly 19%, driven by UBS raising its price target to $1,625 and investor expectations…
SoftBank CEO Masayoshi Son dismissed claims that the artificial intelligence boom is a bubble, calling such talk an 'insult' to AI at the company's annual shareholders' meeting in Tokyo. Son, whose So…
Meta announced the Meta Glasses starting at $299, developed with EssilorLuxottica but without Ray-Ban branding, featuring an integrated camera and open-ear speakers powered by Meta AI. The glasses off…
S&P Dow Jones Indices announced that Alphabet, Google's parent company, will replace Verizon in the Dow Jones Industrial Average on June 29, marking the first change to the index since 2024. The move …
Oracle cut 21,000 jobs (13% of its workforce) in the past year, citing the adoption of AI technologies as a direct cause. The software giant is spending $70 billion on AI infrastructure in 2026, joini…
SpaceX shares have plummeted from a post-IPO high of $225 to around $170, wiping out gains for investors who bought near the peak. The decline follows a merger with Musk's AI startup xAI, which added …
Bain & Company is using generative AI to rapidly clone software products for due diligence, building hundreds of prototypes via 'vibe coding' to assess whether acquisition targets have defensible moat…
Institutional backlash against AI is mounting across public sector, media, and education, with New York City council members urging a classroom AI pause and a German newsroom caught using AI to write …
The U.S. Commerce Department sent an enforcement letter invoking an export-control directive that barred non-U.S. access to Anthropic's latest AI models, Fable 5 and Mythos 5, leading Anthropic to dis…
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…