SoftBank has secured a $40 billion unsecured bridge facility, its largest dollar-denominated borrowing ever, with 21 lenders including JPMorgan Chase, Goldman Sachs, and Mizuho Bank to fund a $30 bill…
SanDisk, the S&P 500's best-performing stock in 2026, plunged nearly 11% on July 24 after reporting revenue of $5.95 billion, up 251% year-over-year, as the memory chip sector entered a bear market am…
Andrew Izyumov, founder of 8FIGURES, argues that AI can be trusted with financial decisions when designed to counteract emotional trading and incentive conflicts, citing his platform's flat US$20 mont…
US tech giants including Microsoft, Alphabet, Amazon, and Meta are projected to spend $600 billion to $725 billion on AI capital expenditures by 2026, up from $150 billion in 2023, but investors are g…
Python is the #1 programming language in the world in 2026, and PwC's Global AI Jobs Barometer finds AI-skilled jobs growing nearly 8x faster than the overall market with a 62% wage premium, yet most …
A working paper from the Electric Power Research Institute found that between 2015 and 2024, each doubling of data center capacity reduced average U.S. retail electricity prices by 3.5%, contradicting…
Moonshot AI released the Kimi K3 open-weight coding model on July 17, topping Arena AI's Frontend Code Leaderboard with an Elo score of 1,679, ahead of Anthropic's Claude Fable 5 and OpenAI's GPT-5.6 …
Switch, the Las Vegas data center operator taken private for $11 billion in December 2022, is planning an IPO that could value it at close to $80 billion including debt, according to Reuters. The comp…
SPAN, in partnership with Nvidia and PulteGroup, will mount 16-GPU compute nodes on suburban homes starting Q3 2026, offering hosts $150-a-month utility and internet coverage, as AI's power demand dri…
Cognition, the $26 billion startup behind the autonomous coding agent Devin, has acquired The Interaction Company of California, makers of Poke, the first AI agent Apple officially supports inside iMe…
The term 'choke point' is increasingly used to describe bottlenecks in the global economy, from oil routes to AI supply chains, as geopolitical tensions and economic warfare intensify. Saudi Arabia is…
Hong Kong's status as a global financial hub is at risk as AI tools like Anthropic's Claude are removed from local teams at JPMorgan and Goldman Sachs, reflecting a broader trend where AI is treated a…
Goldman Sachs estimates that AI-related corporate debt issuance has reached roughly $489 billion through mid-2026, with Amazon alone raising approximately $53 billion through bond offerings this year,…
Nebius Group closed a $775 million senior secured debt facility on July 17, its first asset-backed borrowing, to fund AI cloud infrastructure buildout. The deal, led by MUFG and syndicated among 10 ba…
Nvidia CEO Jensen Huang told the World Economic Forum in Davos that an AI bubble is unlikely within the next five years due to massive infrastructure gaps and hardware constraints, requiring trillions…
Wall Street futures fell Thursday after Alphabet and Tesla earnings failed to convince investors that massive AI investments will pay off soon, with Alphabet shares sliding 3.9% and Tesla dropping 5.8…
OpenAI on July 21 appointed Nubank CEO David Vélez and BNY CEO Robin Vince to the boards of both the OpenAI Foundation and OpenAI Group PBC, expanding the board to 10 members as the company moves towa…
Goldman Sachs launched a dedicated alternative investments platform to give wealthy clients direct stakes in private companies like SpaceX, Stripe, and Canva, consolidating its direct investment opera…
The AI trade is broadening beyond chipmakers as the equal-weighted S&P 500 outperforms its market-cap-weighted counterpart since June, signaling a healthier market rally, according to Business Insider…
Alphabet CEO Sundar Pichai said Google prioritizes allocating its tensor processing units (TPUs) to artificial general intelligence (AGI) research over renting them to customers, as the company report…