The U.S. economy likely grew at a 2.1% annualized rate in the second quarter, matching the prior period, according to a Reuters survey of economists, driven by an AI investment boom and a rebound in c…
The US economy likely grew at a 2.1% annualized rate in the second quarter, supported by stronger consumer spending and robust business investment in AI infrastructure, according to a Reuters survey o…
AI token processing demand has shattered forecasts, with annual token consumption already at 135 quadrillion tokens—2.4 times higher than Dell's 2028 estimate of 57 quadrillion. Dell COO Jeffery Clark…
Apple CEO Tim Cook will preside over his final earnings call on Thursday as John Ternus prepares to take over on September 1, with analysts focused on the company's AI strategy and iPhone 18 pricing a…
The combined debt of Microsoft, Alphabet, Amazon, Meta, and Oracle has ballooned to roughly $350 billion over the past five years, with collective interest expenses topping $10 billion in the last yea…
Bloomberg LP is acquiring Canoe Intelligence, an AI-driven platform that automates private markets data collection, in a deal announced July 29. The acquisition brings AI-powered document processing f…
Anthropic said an unreleased version of its most powerful model, Claude Mythos Preview, found two previously unknown attacks on crypto algorithms, including one against HAWK, a digital signature syste…
Accenture Chief AI and Data Officer Lan Guan warns that CFOs are hitting an unexpected 'cost wall' from scaling AI, driven largely by token consumption that many companies cannot track. A new Accentur…
PayPal CEO Enrique Lores said the board remains "open and objective" to a higher offer after the company reported better-than-expected Q2 revenue of $8.68 billion and adjusted EPS of $1.38, while attr…
Chinese AI developers may start charging cloud platforms commercial licensing fees to host their open-weight models, Goldman Sachs told the South China Morning Post, a shift that could alter the econo…
Goldman Sachs reiterated a Buy rating on Apple (AAPL) stock and raised its price target to $370 from $330 ahead of Q3 FY26 earnings, citing optimism in the iPhone replacement cycle and AI efforts. Ana…
Nvidia CEO Jensen Huang said AI will automate tasks, not eliminate jobs, pushing back on predictions of a white-collar bloodbath. Speaking at Y Combinator's Startup School in San Francisco, Huang argu…
Goldman Sachs has projected AI infrastructure spending will reach $7.5 trillion over the next five years, with investments directed at chips, data centers, and power. The forecast suggests a transform…
A global memory supply shortage driven by surging AI demand caught nearly all experts off guard, according to a post on Grey Enlightenment. The shortage, which began in 2025 and continues into 2026, h…
Meta Platforms heads into a high-stakes Q2 earnings report on Wednesday with investors increasingly skittish about AI capex, after Alphabet and Tesla were punished for spending figures that outpaced W…
Global hedge funds posted average returns of 7% in the first half of 2026, driven by the artificial intelligence boom, according to a Goldman Sachs client note seen by Reuters. The performance far exc…
Chinese AI developers may shift from open-source to paid commercial licensing for model weights to boost revenue, according to Ronald Keung, Goldman Sachs' head of Asia internet research. The bank not…
A growing number of American techies and companies, including Mozilla CTO Raffi Krikorian and Coinbase, are adopting Chinese AI models like Moonshot's Kimi K3 and Z.ai's GLM-5.2 because they are cheap…
Goldman Sachs says artificial intelligence exposure is becoming a genuine driver of foreign exchange performance across Asia, adding complexity that traditional models weren't built for. The bank rele…
SoftBank announced on March 27, 2026 a $40 billion unsecured bridge facility to fund its $30 billion follow-on investment in OpenAI, with JPMorgan Chase, Goldman Sachs, Mizuho Bank, Sumitomo Mitsui Ba…