BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project in El Paso, Texas, testing investor appetite amid concerns about excessive AI infrast…
About 85% of S&P 500 companies have beaten profit estimates, the highest proportion in five years, yet the median stock has failed to outperform the benchmark on the day after results, according to Bl…
Advanced Micro Devices Inc. used its Advancing AI 2026 event to argue that its Helios rack-scale platform requires radical openness in networking, as monthly token consumption has surged 158 times in …
Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched products this week allowing investors to trade baskets of AI-related high-yield bonds, with Goldman offering a basket of 18 equal-weighted US…
The Magnificent Seven group of megacap tech stocks lost roughly $767 billion in market value on Thursday, its biggest one-day drop since April 2025, as Alphabet Inc. and Tesla Inc. earnings fueled ske…
Alberta secured Meta Platforms Inc.'s $13-billion, one-gigawatt AI data centre in Sturgeon County through deliberate policy work, while New York Governor Kathy Hochul signed a one-year moratorium on n…
Anthropic PBC will purchase up to two gigawatts of graphics cards from Advanced Micro Devices Inc. as part of a multibillion-dollar deal announced today. AMD will invest up to $5 billion in Anthropic …
Meta Platforms Inc. is unwinding its acquisition of Chinese agentic AI start-up Manus, a deal that was forced by regulators, but the process has left the Facebook owner better off than it might seem, …
OpenAI and Anthropic spent a combined $3.17 million on federal lobbying in Q2 2026, a 23% surge from Q1, according to federal disclosures viewed by CNBC. Anthropic led with $1.97 million, a 26% sequen…
Moonshot AI is preparing to begin discussions in August on a final pre-IPO fundraising round at a valuation of as much as $50 billion, capitalizing on excitement around its latest Kimi K3 model. The C…
CuspAI Ltd., a U.K.-based startup using AI to discover new materials, has raised $450 million in a Series B funding round that values the company at $2.6 billion. The round was led by Kleiner Perkins …
Alphabet Inc.'s Google is months behind schedule on delivering Gemini 3.5 Pro, its most powerful flagship AI model, due to efforts to improve coding capabilities, according to people familiar with the…
Meta Platforms Inc. is in preliminary talks to lease AI computing power to rival Anthropic in a potential two-year deal valued at up to $10 billion, according to reports from The New York Times and CN…
Bonds sold by hyperscalers including Meta Platforms Inc., Alphabet Inc., and Amazon.com Inc. to fund AI infrastructure are underperforming across global markets, with 79% of sector bonds issued since …
Oracle Corp.'s $250 billion data-center expansion has led S&P Global Ratings to cut its credit rating to BBB-, one step above junk, as the company burns through more than $20 billion over the last fou…
Meta Platforms Inc. has launched new tools to alert Canadian parents and first responders when youths discuss suicide or self-harm with its Meta AI chatbot, but Brock University professor Shauna Pomer…
Thinking Machines, the AI startup founded by former OpenAI CTO Mira Murati, launched Inkling, a 975-billion-parameter mixture-of-experts open-weight model with 41 billion active parameters per task, t…
Thinking Machines Lab, founded by former OpenAI executive Mira Murati, released its first AI model, Inkling, an open-weight model designed for versatile and efficient processing across media while bal…
Meta Platforms Inc. shares surged 17% in July, making them the third-best performer in the S&P 500 Index, after the company revealed plans for a cloud-computing business and a new paid tier for its AI…
Meta Platforms Inc. is expanding its Hyperion data center project in Richland Parish, Louisiana, increasing its investment from over $10 billion to over $50 billion. The massive commitment positions M…