Goldman Sachs economist Elsie Peng warns that AI's productivity payoff may take far longer than investors expect, based on a historical analysis showing the personal computer revolution took 15 years …
Goldman Sachs reported a 78% surge in second-quarter profits to $6.6 billion, or $21 per share, far exceeding analyst expectations of $14.50 per share, driven by a 72% jump in equities trading revenue…
JPMorgan Chase reported a record quarterly profit of $21.2 billion for the second quarter, the highest ever for a US bank, driven by a 28% revenue increase to $57 billion and a $4.6 billion gain from …
SoftBank Group CEO Masayoshi Son declared on Tuesday that artificial intelligence will need $5 trillion in annual investment by 2040, dismissing bubble fears as 'absurd.' Speaking at SoftBank's annual…
Envision CEO Lei Zhang announced at VivaTech in Paris that AI's biggest bottleneck is no longer silicon but energy, as Goldman Sachs forecasts US datacenter power demand to hit 31 GW by 2025 and 66 GW…
Envision founder and CEO Lei Zhang argued at VivaTech in Paris that the binding constraint for AI has shifted from chips to energy, with US datacenter power demand projected to reach 31 GW in 2025 and…
Helsing, Europe's largest defence startup, raised $1.8bn in a Series E round at an $18bn valuation, led by Dragoneer and Lightspeed, with significant investments from JPMorgan Chase, Goldman Sachs gro…
Morgan Stanley and Goldman Sachs warn that AI chip revenue forecasts for 2026 and 2027 have outpaced realistic capacity and demand trajectories, with sustained annual growth exceeding 30% seen as unsu…
South Korea's Kospi index plunged 9% on Monday, deepening a 27% loss over three weeks, as AI stock jitters collided with a retail debt crisis that saw brokerages liquidate over $100 million in retail …
Goldman Sachs' 1-Delta Desk warns of a shift in AI market perception from infrastructure to monetization, as global AI spending is projected to exceed $2 trillion by 2026. The desk notes that open-sou…
Munich-based Helsing closed a $1.8 billion Series E at an $18 billion valuation, backed by Goldman Sachs, Dragoneer, CPPIB, and JPMorgan, marking the largest defense-tech funding round in European his…
Goldman Sachs warns the US will bear the brunt of AI-induced inflation, estimating that artificial intelligence is boosting core PCE inflation by around 20 basis points annually, with the impact expec…
AI hyperscalers including Microsoft, Amazon, Google, and Meta face a $1 trillion financing challenge over the next year, according to Jeffrey Papai of Goldman Sachs FICC. Papai warns that replicating …
A Verasight survey found 69% of US adults support forcing AI companies to transfer 50% of their equity into a public sovereign wealth fund, with 81% backing government authority to block risky AI rele…
A Verasight survey of 1,690 US adults found 69% support forcing AI companies to transfer 50% of their stock to a public sovereign wealth fund, the policy at the heart of Bernie Sanders’s American AI S…
Goldman Sachs initiated coverage on Chinese AI companies, naming Zhipu and DeepSeek among top picks, and projecting Chinese AI model revenue will grow 25x to $121 billion by 2030. Zhipu's founder defe…
Goldman Sachs released a report on Friday analyzing China's AI large language model industry, finding that Chinese models achieve near parity with US rivals at 10-25% of the cost. The bank projects Ch…
SK Hynix surged 13% in its Nasdaq debut on Thursday, raising $26.5 billion in the largest US IPO by a foreign company. The South Korean chipmaker, a dominant supplier of high-bandwidth memory for Nvid…
The AI boom is straining the U.S. energy grid, with data center power demand projected to double to 66 gigawatts by 2027, driving up costs and blackout risks. Experts propose solutions including micro…
Ornn, backed by Andreessen Horowitz, raised $33 million to build a marketplace for trading AI computing power as a commodity, aiming to bring price stability to the AI industry. Goldman Sachs estimate…