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 …
NVent Electric plc is building an AI data center growth case around liquid cooling and high-density rack infrastructure, with collaborations with NVIDIA and Siemens. The company reported a 53% year-ov…
Jeff Bezos said at VivaTech that AI will create a labor shortage rather than eliminate jobs, arguing that human demand for work is endless and AI will lower barriers. His optimistic view contrasts wit…
CNBC host Jim Cramer said Accenture is being outcompeted by OpenAI and Anthropic, as AI labs move into enterprise consulting. Anthropic's confidential IPO filing intensifies competitive pressure on tr…
Shoe company Allbirds is changing its name to Smartbird and pivoting to AI infrastructure, appointing former AWS quantum computing head Nadia Carlsten as CEO. The company sold its manufacturing equipm…
Amazon founder Jeff Bezos argued that artificial intelligence will create more jobs than it replaces, citing productivity gains leading to labor scarcity rather than mass unemployment. He made the com…
Jeff Bezos said orbital data centers are 'very realistic' but face economic hurdles, not scientific ones, in a May 20 CNBC interview. Blue Origin filed FCC applications in March 2026 for Project Sunri…
President Trump's unpublished memorandum of understanding with Iran faces widespread criticism for granting Tehran key concessions, including a U.S. military withdrawal, control of the Strait of Hormu…
SpaceX has agreed to acquire Anysphere, the company behind AI coding agent Cursor, in a $60 billion all-stock deal expected to close in Q3 2026, subject to regulatory approvals. The acquisition follow…