OpenAI, Anthropic and SpaceX all released new models this week that they said are cheaper than their prior top systems, a trend experts say could give AI labs a financially viable path to slow develop…
Japan's economy grew at a much weaker-than-expected annualised rate of 1.1% in the second quarter, complicating the Bank of Japan's efforts to raise interest rates and fight inflation, according to a …
Citadel Securities reports that 115,000 applicants competed for 210 internship positions, an acceptance rate of 0.18%, and the firm's CEO, Matt Culey, says the distinguishing trait among successful ca…
Wintermute, a crypto market maker led by CEO Evgeny Gaevoy, plans to invest about $1 billion over the next five years in AI data centers and high-frequency trading infrastructure to compete with Wall …
Wintermute, a crypto market maker, plans to invest about $1 billion in high-frequency trading and artificial intelligence, according to a Bloomberg report citing founder and CEO Evgeny Gaevoy. The inv…
Wintermute, a crypto market maker, plans to invest $1 billion over five years in high-frequency trading systems and AI data-center infrastructure to expand into traditional markets, targeting over 50%…
Wintermute Trading Ltd. plans to invest about $1 billion in high-frequency trading and AI data center infrastructure over the next five years to diversify into traditional markets, according to Founde…
Citadel, the hedge fund founded by Ken Griffin, acquired the majority of Situational Awareness's leveraged public-stock portfolio, valued at up to $16 billion, in a deal that closed around July 30, 20…
Citadel Securities projects that more than $500 billion in new public and private debt will be issued by 2028 to fund AI chips and data centers, with AI capital expenditures expected to reach $600 bil…
Citadel Securities projects more than $500 billion in additional public and private debt issuance by 2028 to finance AI data center chips, with AI capital expenditure expected to climb to roughly $600…
Citadel Securities paid $10 billion to acquire the public equity holdings of Situational Awareness LP, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after the fu…
Coinbase appointed Ryan VanGrack as Vice Chair and head of corporate affairs on July 9, 2026, to lead regulatory engagement and global partnerships as U.S. crypto rules are finalized. VanGrack, former…
Hedge fund billionaire Ken Griffin, who dismissed AI as 'garbage' in January, now predicts a 'golden age of entrepreneurial activity' powered by the technology, signaling a shift in institutional capi…
Man Group, the world's largest listed hedge fund manager, is aggressively integrating large language models into its trading operations, including a partnership with Anthropic to deploy Claude across …
Google Cloud has been named a Leader in the inaugural 2026 Gartner Magic Quadrant for AI Infrastructure, positioned highest for Ability to Execute and furthest for Completeness of Vision. The recognit…
Citadel Securities says artificial intelligence is bolstering American entrepreneurship by lowering barriers for small businesses, preserving the country's economic edge. The firm's chief macro strate…
A wave of stocks has seen triple-digit gains in 2026, with the S&P 500's return on equity boosted by the AI capex boom. Retail investors are pouring into U.S. stocks at a record pace, while consumer s…
Touchmark, a Y Combinator Summer 2026 startup, is building infrastructure to price AI outputs based on quality and delivered value instead of token count. The company offers a TypeScript SDK that reco…
Citadel Securities warned that the Federal Reserve should consider interest-rate hikes rather than cuts, citing reaccelerating inflation and a $650 billion AI investment wave that could force tighter …
AI practitioners are prioritizing model triage to cut costs, as running the same coding task through Claude Fable 5 costs $9 versus $1.50 for GPT-5.5, a 6x gap. Three signals reinforce cost pressure: …