Amazon's market capitalization crossed $3 trillion for the first time on August 3, making it the fifth company ever to reach that level, after Apple, Microsoft, Nvidia, and Alphabet. The milestone fol…
Morgan Stanley expects hyperscalers and their joint ventures to issue $250 billion to $300 billion in debt in 2026, part of a broader AI-related debt market topping $570 billion, as Bank of America pu…
PwC, one of the Big Four consulting firms, published four AI-focused 'thought leadership' reports between 2024 and 2026 that were riddled with AI hallucinations, including fabricated citations and a n…
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness lost roughly 67% of its value in July, forcing it to sell a $16 billion public equity portfolio to Citadel at a 10% discount to meet…
Vinson & Elkins LLP partner Jon Solorzano outlines five strategies for strengthening corporate governance, including updating disclosure playbooks for AI-driven proxy voting, navigating regulatory fra…
Reuters reported in late June that Zhipu AI's next GLM-5.5 model is expected to launch in August, with a JPMorgan forecast placing it above one trillion parameters, but as of August 3, Zhipu has not c…
Leopold Aschenbrenner's hedge fund, Situational Awareness LP, collapsed from $45 billion to about $10 billion in six trading days after margin calls forced it to sell nearly its entire public stock po…
Citadel acquired approximately $16 billion in public equity holdings from Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness LP after margin calls from Bank of America, Goldman Sachs,…
Citadel, the hedge fund led by Ken Griffin, acquired the bulk of a $16 billion public equities portfolio from AI-focused hedge fund Situational Awareness on July 30, 2026, after margin calls threatene…
Wall Street experienced its biggest rotation since 2020, triggered by losses at hedge fund Situational Awareness, which forced it to sell equities after margin calls, with Citadel buying its portfolio…
Wall Street banks are lending billions to tech founders and early employees using private stock as collateral, betting these borrowers will become lucrative clients when their companies go public. Gol…
Leopold Aschenbrenner's Situational Awareness LP, an AI-focused hedge fund that managed roughly $20-24 billion, liquidated its entire public equity book after margin calls from Goldman Sachs, JPMorgan…
EY has deployed an 'invisible' AI router that has helped cut token consumption by up to 60% since its global rollout in April, according to Dan Diasio, EY's global consulting AI leader. The router sit…
The U.S. economy likely grew at a 2.1% annualized rate in the second quarter, matching the prior period, according to a Reuters survey of economists, driven by an AI investment boom and a rebound in c…
The US economy likely grew at a 2.1% annualized rate in the second quarter, supported by stronger consumer spending and robust business investment in AI infrastructure, according to a Reuters survey o…
The combined debt of Microsoft, Alphabet, Amazon, Meta, and Oracle has ballooned to roughly $350 billion over the past five years, with collective interest expenses topping $10 billion in the last yea…
Meta Platforms is paying about 7.5% to borrow $12.5 billion through a holding company tied to BlackRock for a new artificial intelligence data centre in El Paso, Texas, with the debt kept off its bala…
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…