The Linux Foundation launched the Tokenomics Foundation with 29 founding members, including JPMorgan Chase, IBM, Accenture, and Oracle, to standardize how enterprises measure and manage AI token costs…
The Linux Foundation launched the Tokenomics Foundation on [date not specified], backed by 29 initial members including Accenture, Booking.com, BNY, Flexera, IBM, JPMorgan Chase, KPMG, Oracle, SAP, an…
Most AI strategies fail not because of design or technology but because employees do not believe in their leaders, according to an analysis citing BlackBerry CEO John Chen's turnaround and Gallup's St…
A developer at JPMorgan Chase built 45 AI tools that run locally on a MacBook using Ollama and open-source models like Llama 3.2, eliminating API costs and privacy concerns. The tools, available on Gi…
Citadel acquired approximately $16 billion in distressed AI holdings from Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, on July 30, triggering a reli…
Leopold Aschenbrenner's Situational Awareness Capital, an AI-focused hedge fund that reported a 439% net return through June, was forced to unwind after losses on a highly leveraged portfolio triggere…
Citadel, managing about $71 billion in assets, has acquired the majority of the public equities portfolio of Situational Awareness, the AI-focused hedge fund led by former OpenAI researcher Leopold As…
A new ZipRecruiter survey of over 1,000 recruiters and hiring leaders found that nearly 35% said AI will increase headcount at their company in the near future, while only 16% said they were actively …
BlackRock raised US$12.5 billion in debt for a Meta Platforms data centre project in Texas, with the 2048 note pricing at a yield premium of 2.875 percentage points over 10-year Treasury yields. The d…
JPMorgan Chase is eliminating its standalone AI chief role as Teresa Heitsenrether retires at the end of 2026, folding the function into Global Technology under CTO Scot Baldry. The bank, which invest…
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…
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…
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…
BlackRock has seen weaker-than-usual demand for a US$12.3 billion corporate bond sale tied to a Meta Platforms data centre project in Texas, with final demand reaching US$20 billion, or about 1.6 time…
BlackRock is raising $12.3 billion in bonds through Project Sopaipilla Holdings to build a 1-gigawatt data center campus in El Paso, Texas, with Meta as the anchor tenant. JPMorgan Chase and Morgan St…
JPMorgan Chase CEO Jamie Dimon expressed skepticism about the AI spending boom, saying the huge investments may not pay off as investors expect, but he praised SpaceX's plan for space data centers as …
BlackRock is leading a debt sale of more than $12 billion to fund a Meta data center campus in El Paso, Texas, with the bonds issued by a company holding an 80% stake in the project while Meta owns th…
JPMorgan Chase CEO Jamie Dimon predicts global AI spending will reach $1 trillion by 2027, driven by hyperscalers like Microsoft, Google, Amazon, and Meta ramping up capital expenditures on data cente…
Oracle faces multibillion-dollar cost overruns at its AI megacampuses, with capital expenditures surging from $21.2 billion in fiscal 2025 to a projected $90-95 billion in fiscal 2027, while banks inc…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …