Jane Street, the New York-based quantitative trading firm, lost approximately $15 billion in July 2026, its first monthly loss in nearly a decade, driven by volatility in AI-related stocks and a conce…
Jane Street posted roughly $15 billion of losses in July, its first monthly slump in about a decade, as AI-focused hedge fund Situational Awareness swooned and dragged down asset prices across equity …
Jane Street, a major liquidity provider in the crypto market, reported a $15 billion loss in July due to its exposure to AI-focused hedge fund Situational Awareness and other technology stocks, accord…
Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and other tech stocks battered by the market selloff, according to two people familiar with …
CoreWeave, a former bitcoin miner turned neocloud, reported Q2 2026 revenue of $2.58 billion, up 2.1X year-over-year, with a net loss of $626 million and $6.41 billion in cash, while amassing a $104.2…
DeepSeek launched a developer preview of Harness, a software framework for building autonomous AI agents, on Thursday, marking a strategic pivot beyond large language models. The modular plug-in syste…
METR, a nonprofit research organization focused on AI risk, announced it has raised approximately $71 million in commitments over the last six months to fund projects on autonomous capabilities, recur…
OpenAI has opened a limited preview of Ultrafast, a new API service tier that runs GPT-5.6 Sol at up to 14 times the speed of Standard processing, generating up to 750 output tokens per second. Powere…
Google launched Gemini 3.7 Flash on Thursday, a low-cost coding-and-agents model now generally available in more than 160 countries, while OpenAI previewed GPT-5.6 Sol Ultrafast, a Cerebras-powered ti…
OpenAI opened a limited preview of Ultrafast on August 13th, a new API service tier that runs GPT-5.6 Sol up to 14 times faster than its Standard processing tier, generating up to 750 output tokens pe…
DeepSeek released Harness v0.1, an open-source agent runtime framework under the MIT license, to turn its V4 series models into autonomous coding agents. The developer preview, led by Cui Tianyi, posi…
Wintermute, a crypto market maker led by CEO Evgeny Gaevoy, plans to invest about $1 billion over the next five years in AI data centers and high-frequency trading infrastructure to compete with Wall …
Wintermute, a crypto market maker, plans to invest about $1 billion in high-frequency trading and artificial intelligence, according to a Bloomberg report citing founder and CEO Evgeny Gaevoy. The inv…
Wintermute, a crypto market maker, plans to invest $1 billion over five years in high-frequency trading systems and AI data-center infrastructure to expand into traditional markets, targeting over 50%…
Jane Street is repaying US$5.5 billion of floating-rate loans and refinancing US$5.6 billion of bonds with US$14.6 billion of new senior-secured notes maturing in 2031, 2033, and 2036, as part of an o…
CoreWeave raised its fiscal year 2026 revenue guidance to $12.4 billion-$13.2 billion, reporting Q1 2026 revenue of $2.078 billion, a 112% year-over-year increase from $982 million, and a contracted b…
Leopold Aschenbrenner's hedge fund, Situational Awareness, which bet heavily on AI, lost more than two-thirds of its public equity holdings' value in four weeks and was forced to liquidate, with Citad…
CoreWeave, led by CEO Michael Intrator, reported $2.58 billion in second-quarter revenue on August 11, a 112% increase from a year earlier, surpassing the $2.56 billion consensus estimate, while posti…
Ryan Greenblatt, a researcher at the Alignment Research Center, argues that human-level AI could rapidly evolve into superintelligent systems by 2032, with his median estimate for automating AI R&D se…
Firmus Technologies, a Tasmanian company that began as a Bitcoin miner in 2019, has raised $2 billion at a valuation of over $10.5 billion to become an AI infrastructure builder, nearly doubling its v…