Sierra AI, the AI company led by Bret Taylor, announced that its internal agent Pinecone, built on its Nexus knowledge platform, achieved the top score on the τ-Knowledge benchmark, surpassing agents …
Goldman Sachs raised its run-rate revenue forecast for China's artificial intelligence model market by 30% to US$13 billion, citing aggressive price cuts, technical breakthroughs, and accelerating cor…
Goldman Sachs is maintaining its bullish stance on South Korean equities, reiterating an overweight rating and a 12-month Kospi target of 12,000, which implies about 80% upside, despite a recent sello…
Asian stocks advanced, with MSCI's Asia Pacific equities gauge climbing 1.1%, led by a 3.5% jump in South Korean shares, as Samsung Electronics and SK Hynix rallied over 4% in Seoul on renewed bets on…
Big Tech AI capital expenditures are on track to hit $1 trillion in 2027, with 2026 guidance at $732.5 billion, 158% higher than initial estimates, according to lead tech analyst Beth Kindig. Actual s…
Google has committed $200 billion to Anthropic through a rolling investment structure that ties capital deployment to model development milestones, user growth, and compute procurement, with Google's …
The Dow Jones Industrial Average closed at a record high on August 3, 2026, as the Nasdaq climbed 2.1% and the S&P 500 advanced 1.5%, despite Alphabet reporting its first negative free cash flow since…
Goldman Sachs reports that Asia-focused long/short equity hedge funds suffered an average loss of 18.6% through July 28, marking the single worst month on record for the strategy, as a tech selloff er…
Goldman Sachs analysts Daan Struyven and Lia Thomas reported on Monday that China has become the de facto 'volatility arbiter' for global commodity markets, dampening price volatility in hydrocarbons …
Procore will acquire DroneDeploy for approximately $845 million in cash, a deal announced on July 29th and expected to close in 2026, giving the construction software provider control of drones, robot…
Thirty-year Treasury yields have climbed to their highest levels in two decades as investors dump U.S. Treasuries, driven by inflation, fiscal deficits, and a surge in AI-related corporate debt, accor…
Goldman Sachs chief global equity strategist Peter Oppenheimer conceded in a Monday note that while there is no valuation bubble, there may be an earnings bubble in the technology sector, and Apollo c…
Investors are rethinking tech stocks as the five largest US companies' price-to-earnings ratios have fallen to only marginally above the other 495 S&P 500 stocks, according to Goldman Sachs strategist…
Goldman Sachs strategist Peter Oppenheimer said Big Tech's heavy capital spending on AI is the primary reason the bull market is broadening, with the equally weighted S&P 500 outperforming the S&P 500…
A Google DeepMind executive predicts AI-related capital expenditures could reach $1 trillion by 2026, driven by recursive self-improvement (RSI), which the executive considers the new AGI. Combined ca…
Ken Griffin, CEO of Citadel, warned that if the US loses access to Taiwan's chips, GDP could fall 8% in six months, describing it as a great depression in the blink of an eye. In a Goldman Sachs conve…
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness lost roughly 67% of its value in July, forcing it to sell a $16 billion public equity portfolio to Citadel at a 10% discount to meet…
Goldman Sachs strategist Ben Snider reports that consensus estimates for 2027 hyperscaler capital expenditures have surged by over $100 billion to more than $1 trillion (33% annual growth) since the s…
Ikea's AI-powered customer service bot Billie, launched five years ago, now handles three-quarters of customer queries, but instead of laying off call center workers, the retailer retrained them, turn…
Leopold Aschenbrenner's hedge fund, Situational Awareness LP, collapsed from $45 billion to about $10 billion in six trading days after margin calls forced it to sell nearly its entire public stock po…