Meta Platforms Inc. scrapped its plan to replace up to 60 percent of staff in many teams with AI agents under the codename 'Project OT' after employee revolt and failing agent technology, according to…
Chinese AI startup Moonshot AI is in talks with Microsoft, Amazon, and Alphabet's Google to host its Kimi K3 model on Azure, AWS, and Google Cloud under revenue-sharing deals, with Moonshot seeking up…
The S&P 500 is projected to reach 7,900 by the end of 2026, according to a Reuters poll of strategists, with UBS Global Wealth Management forecasting 8,100 and J.P. Morgan predicting 8,000, driven by …
Moonshot AI is in early talks with Microsoft, Amazon, and Google to host its Kimi K3 model on their cloud platforms, seeking up to 30% of the revenue those services generate, according to Reuters. The…
Reuters reports that Meta Platforms CEO Mark Zuckerberg's plan to replace thousands of employees with AI systems has collapsed, according to internal documents and interviews with 15 current and forme…
Brent crude futures fell for a third straight day on Wednesday, sliding more than 2% to roughly $86 per barrel on prospects of more supply through the Strait of Hormuz, calming world bond markets ahea…
Chinese AI startup Moonshot AI is in talks with Microsoft, Amazon, and Google to share revenue from its K3 inference model, according to Reuters. The negotiations, reported on August 26, 2026, could g…
Forum users on Level1Techs discuss concerns about Chinese open-weight AI models like Qwen and Kimi, with some arguing that economic pressure from these models could bankrupt Anthropic and OpenAI, whil…
USA Today Co. is testing content reformatting, including converting webpages to markdown, to attract AI licensing deals and improve visibility in AI answer engines, CEO Mike Reed said on an August 6 e…
Caltech professor Anima Anandkumar and co-founder Benedikt Jenik launched Accelerated Understanding Inc on August 25, 2026, with an AI model that handled 5 trillion data points in a single prompt duri…
Anthropic, the frontier AI lab, plans to tell investors its potential revenue could top $30 trillion, a figure that exceeds the $28.5 trillion market claim made by SpaceX and approaches the $32.4 tril…
XAI's Grok chatbot generated gibberish responses for some Grok Lite users on August 19, with one user receiving a nonsensical reply about cheese and planets when requesting a PDF. The official Grok ac…
SK hynix American Depositary Shares fell 4.92% to $155.37 on Monday after union members narrowly rejected a tentative wage deal by a margin of 25 votes, with 50.08% of 15,045 participating workers vot…
Wall Street's main indexes opened higher on Tuesday (Aug 25) as technology stocks rebounded from the previous session's selloff ahead of AI heavyweight Nvidia's results and an inflation report. The Do…
Alibaba's $10.2 billion share placement was nearly three times oversubscribed, with orders reaching roughly $28 billion, as sovereign wealth funds and long-only institutions took more than 40% of the …
A study published on the Volokh Conspiracy found over 50 federal appellate opinions showing signs of AI authorship. The Supreme Court used the shadow docket to lift an injunction against a Trump propo…
Anima Anandkumar and Benedikt Jenik launched Accelerated Understanding on Tuesday, August 25, with a physics-focused foundation model that predicts physical systems across space and time, targeting se…
Scalable Capital, a German digital broker, has become the first European bank to let clients use external AI chatbots such as ChatGPT and Claude to execute trades and review portfolios. The integratio…
US President Donald Trump invested as much as US$50,000 in Elon Musk's SpaceX in June, according to a public financial disclosure signed on August 12 and made public on August 22. The purchase, made o…
Taiwan has indicted nine people, including an Nvidia senior manager and two Supermicro employees, for allegedly forging documents to illegally export high-end AI servers to China in violation of US ex…