Airbnb CEO Brian Chesky's X account was hijacked on Monday to post an AI-generated thread promoting real-world asset tokenization that accumulated over 700,000 views before deletion, according to a so…
Verizon is laying off about 3,000 retail workers and transferring 274 corporate stores to independent owners under CEO Dan Schulman, who expects AI to replace a large percentage of customer service wo…
Alphabet, Microsoft, Amazon, and Meta are guiding for between $635 billion and $665 billion in combined 2026 capital expenditure, with some estimates reaching $725 billion, as earnings reports begin t…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
JPMorgan CEO Jamie Dimon said on CNBC that companies are becoming more rational about AI spending, focusing on token costs and return on investment. Dimon noted that businesses are already routing que…
Anthropic, an AI research company, is reportedly planning an initial public offering as early as October, with Morgan Stanley, Goldman Sachs, and JPMorgan involved, potentially listing before competit…
IBM suffered the worst single-day stock crash in its 115-year history on July 14, 2026, plunging 25% and erasing roughly $40 billion in market value after reporting preliminary second-quarter revenue …
Citi technology chief Tim Ryan said the bank will not track employees' every AI move, arguing that over-measurement stifles innovation and uninspires workers. Ryan, who oversees Citi's nearly $12 bill…
Canva cofounder Cameron Adams said the company does not mandate a specific AI tool for employees, instead giving them budgets to experiment with tools like Claude, ChatGPT, or Gemini. Adams argued tha…
A lawsuit filed by 26 current and former Meta employees alleges that the company's AI systems, including Metamate and other performance tools, unfairly targeted workers on medical and parental leave f…
Meta used AI-powered workplace tools to penalize employees for taking medical and parental leave and then selected them for layoffs, according to a lawsuit filed by 26 current and former workers in fe…
Meta Platforms Inc. stock has climbed 23% off its late-June lows, driven by improved sentiment around its AI strategy and signs of an AI product cycle, according to JPMorgan analyst Doug Anmuth. The r…
Britain's largest banks remain locked out of Anthropic's advanced AI model Mythos, a tool critical for cybersecurity defense, exposing a dangerous dependency on U.S. technology, according to Harriet R…
Global chip stocks have lost roughly $2.7 trillion in market value since the PHLX Semiconductor Index peaked on June 22, but Wall Street still expects Micron, Nvidia, and the rest of the industry to g…
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…
Conservative commentator Ben Shapiro publicly asked Elon Musk to build an eight-seat Tesla minivan or SUV, arguing that the current lineup cannot accommodate his family of seven after Tesla ended prod…
Apple Inc. shares have rallied 15% since bottoming on June 25, adding nearly $600 billion in market value, as investors flee AI-related stocks amid concerns about heavy spending on artificial intellig…
Elon Musk abruptly postponed a live CNBC interview minutes before airtime, where he was expected to discuss SpaceX's market debut, Tesla, and his AI model Grok. The cancellation comes as SpaceX shares…
JPMorgan CEO Jamie Dimon warned that AI amplifies cybersecurity threats, citing Anthropic's Mythos AI model which uncovered thousands of unpatched vulnerabilities. Dimon noted a 6-12 month window befo…
A new 'agent layer' is emerging in enterprise finance organizations, as evidenced by job postings at Aon, Kraken, State Street, JPMorgan, and CHANEL. This layer listens for events, prepares data, asks…