Chinese AI models from DeepSeek and Z.ai are gaining traction with U.S. firms, with token share on OpenRouter exceeding 30% weekly since Feb. 8 and peaking at 46%, driven by rising costs at U.S. labs …
Amazon founder Jeff Bezos told CNBC on May 20 that AI is like a bulldozer that will upgrade jobs rather than eliminate them, using software engineering and radiology as examples. Critics note Bezos ha…
The US government took two major steps toward regulating AI as national infrastructure this week: the FTC opened a comment period proposing that undisclosed AI output manipulation may constitute consu…
Palantir CEO Alex Karp criticized frontier AI labs for their business model, accusing them of overselling doom and imposing a wealth tax on enterprises, while pitching Palantir's platform as a solutio…
Two CNBC appearances by Palantir CEO Alex Karp and market analyst Ed Zitron outline a bearish scenario for American AI, predicting a bubble burst as customer demand fails to justify trillion-dollar da…
Safe-haven assets have not behaved as expected during the geopolitical turmoil of 2026, with US Treasury yields rising, the yen weakening, and gold falling sharply. Strategists attribute this to marke…
Palo Alto Networks and CrowdStrike hit all-time highs as investors rotated out of semiconductors into AI-security stocks, driven by Zhipu AI's open-weight model rivaling Anthropic's restricted model a…
President Donald Trump said he expects Elon Musk to donate SpaceX stock to Trump Accounts, the US government's savings program for children, despite a 'little dispute' over electric vehicle subsidies.…
OpenAI has proposed giving the U.S. government a 5% equity stake worth $42.6 billion to ease political pressure, with CEO Sam Altman arguing it shares AI's benefits. The plan, discussed since early 20…
Palantir CEO Alex Karp suffered a nearly 20-minute meltdown during a live CNBC interview, veering off-topic to rant about the AI financial bubble and his inability to get a faculty job at Berkeley. Th…
Employers who laid off workers citing artificial intelligence are now reversing their decisions, according to a new report. The trend highlights the limitations of AI in replacing human roles and the …
Palantir CEO Alex Karp criticized OpenAI and Anthropic's token-based pricing model on CNBC, claiming enterprises face IP risks and wasted costs. The criticism coincided with Palantir's announcement of…
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 …