Global AI revenue outside China reached $25 billion in Q1 2026, surpassing the estimated $21 billion in annualized depreciation costs for chips and data centers for the second straight quarter, accord…
Sail Research, a startup founded by former Apple engineer Neil Movva, launched from stealth with $80 million in seed and Series A funding at a $450 million valuation. The company is building an AI inf…
OpenAI's Codex surpassed 3 million weekly active users, a fivefold increase since January 2026, driven by new multi-agent execution and computer control capabilities. Enterprise clients including Gold…
A developer built TraceProof, an open-source Rust system that creates signed, verifiable records of AI agent decisions to address regulatory compliance challenges in banking. The system uses cryptogra…
JPMorgan raised its 12-month target for South Korea's Kospi index to 12,500, keeping the country as its top Asia equity pick, citing AI-driven earnings that outweigh foreign selling and volatility. Th…
Copper futures surged past $6.60 per pound, a record high, driven by a weaker US dollar and soaring demand from AI data centers, with prices up 60% in a year. Tokenized copper products like Cireta's K…
OpenAI CEO Sam Altman admitted that users saying "please" and "thank you" to ChatGPT costs the company tens of millions of dollars annually in electricity and computational resources. The extra words …
SK Hynix plans to raise up to $29.4 billion through an American Depositary Receipt listing on Nasdaq, one of the largest ADR offerings ever. The South Korean memory chipmaker aims to fund new fabricat…
AI companies are using fear-based marketing that positions AI as a replacement for human workers, but data shows no evidence of widespread job displacement. New York state layoff filings and Yale rese…
Goldman Sachs led a $110 million Series C investment in Taktile, a financial AI startup that provides decision infrastructure for banks and insurers, as the industry moves from AI pilots to autonomous…
Micron Technology is set to report fiscal Q3 earnings after the close, with analysts expecting sales of $35.6 billion and adjusted EPS of $20.49, exceeding management's guidance. The memory chip maker…
AI startup Taktile raised $110 million in Series C funding led by Goldman Sachs, with participation from Tiger Global, Index Ventures, and Y Combinator, to automate high-stakes financial decisions for…
ByteDance is in preliminary talks with banks to secure a record $20bn offshore loan, its largest ever, to fund AI infrastructure build-out including chips and data centers. The three-year facility, ex…
Investor positioning in AI and semiconductor stocks has reached extreme levels, with high leverage in AI-related ETFs and a fleeing crypto market setting up a volatile summer. Goldman Sachs strategist…
Apple supplier Luxshare Precision Industry passed a hearing for a Hong Kong listing on Tuesday, moving closer to joining other mainland Chinese tech firms on the HKEX. The Shenzhen-based company, a ke…
JPMorgan Chase and Goldman Sachs in Hong Kong have stopped using Anthropic's AI models due to US export restrictions, which block non-Americans from accessing the company's latest models. The move thr…
Kazakh President Kassym-Jomart Tokayev invited European partners to cooperate in agriculture, focusing on livestock farming, grain seed breeding, precision agriculture, and soil fertility improvement.…
SpaceX, with $100.8 billion in cash, is issuing at least $20 billion in bonds to replace a short-term bridge loan used to acquire xAI, despite negative free cash flow of $14.1 billion last year. The m…
AI is driving up costs across the economy by creating shortages in chips, electricity, and other resources, leading to higher prices for smartphones, software subscriptions, and electricity. The trend…
Two major Chinese MLCC suppliers, Chaozhou Three-Circle and Jiangsu Boqian New Materials, are pursuing Hong Kong listings to capitalize on surging demand driven by AI infrastructure buildout. Chaozhou…