The Nasdaq 100 entered correction territory on July 28, falling more than 10% from its recent peak amid a semiconductor selloff driven by AI spending fears. JPMorgan projects hyperscalers will spend n…
Wall Street is financing a $7 trillion to $7.5 trillion AI infrastructure buildout over five years, with debt covering about 75% of the funding, according to McKinsey and JPMorgan estimates. Microsoft…
JPMorgan is restructuring its AI leadership after the retirement of AI chief Teresa Heitsenrether, with global CIO Lori Beer overseeing the bank's nearly $20 billion technology budget and 65,000 techn…
Alphabet reported its first negative free cash flow quarter since its 2004 IPO, burning through $5.9 billion more than it generated in Q2 2026, as capital expenditure hit $44.9 billion for the quarter…
Nearly two-thirds of all tracked AI job postings specifically build or run agents, according to Get Ready For Agents' live indexes covering 216 companies actively hiring for agent roles from a tracked…
Software value is bifurcating into two extremes, according to a framework called the Barbell of Software Value: horizontal platforms and private internal tools, with vertical SaaS surviving only in na…
DeepSeek and Moonshot's Kimi K3, not China's other AI labs, have shaken Silicon Valley by disproving two foundational assumptions about AI: DeepSeek challenged the cost curve by matching frontier perf…
BlackRock is attempting to raise more than $12 billion in bonds to build a 1-gigawatt AI data center campus in El Paso, Texas, with Meta Platforms holding a 20% equity stake and leasing capacity. Bond…
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…
Meta and BlackRock are raising more than $12 billion in bonds through a joint venture called Project Sopaipilla Holdings to finance a 1-gigawatt Meta data center campus in El Paso, Texas, with JPMorga…
JPMorgan strategist Jason Hunter warned that a widening gap between AI chip stocks and hyperscalers over the next few weeks will determine whether the market faces a healthy rotation or a correction r…
South Korea and Taiwan now account for over half of the MSCI Emerging Markets Index, up from a combined 50% weight for China and India just over a year ago, driven by the artificial intelligence boom …
Alphabet CEO Sundar Pichai pushed back against claims that Google is losing the AI race during the company's Wednesday earnings call, arguing that Google remains at the frontier on many attributes eve…
BlackRock is raising at least $12 billion through a bond sale to build a Meta data centre in El Paso, Texas, with BlackRock owning 80% of the project and Meta owning 20%, allowing Meta to keep the cos…
Apple has begun recording conversations between Genius Bar workers and customers inside Apple stores using a system called Live Notes, which transcribes and AI-summarizes interactions with consent fro…
Apple is piloting a program called Live Notes that records and AI-summarizes customer conversations at the Genius Bar, according to Bloomberg's Mark Gurman. The tool, currently in limited stores, auto…
Hyperscalers including Alphabet, Meta, Amazon, and Oracle have issued over $300 billion in bonds since the start of 2025 to fund AI infrastructure, but investor demand is plunging as cover ratios for …
Chinese AI startup Moonshot released its new open-weight model Kimi K3, which rivals advanced US models from OpenAI and Anthropic, sparking fears of a "DeepSeek 2.0" market disruption. The Philadelphi…
Asian stocks tumbled this week even after Taiwan's TSMC reported blockbuster numbers, with Korea's KOSPI plunging 6% on Thursday amid concerns about AI capex durability and unwinding of leveraged posi…
Z.ai, the Chinese AI startup formerly known as Zhipu, is on track to become the first independent Chinese AI firm with about $1bn in annual sales, according to Bloomberg. The company is monetizing at …