Oracle Corp. co-founder Larry Ellison's fortune dropped by about $125 billion from its June 2026 peak after Oracle shares fell, ranking him eighth-richest in the world, as the company's AI infrastruct…
Anthropic, the creator of Claude AI, was sued for $1.5 billion USD in July 2026 over the training of its AI model on illegally sourced content, and a U.S. judge approved the settlement. The lawsuit re…
Institutional investors are shifting focus to identifying future AI winners as capital expenditure concerns ease, according to a Reuters report. Major players including Alphabet, Amazon, Microsoft, an…
World Liberty Financial, a cryptocurrency venture backed by former U.S. President Donald Trump, is offering artificial intelligence services from Chinese companies that are subject to U.S. export rest…
On July 15, 2026, the Cyberspace Administration of China registered Apple's generative AI service, making Apple the first foreign company authorized to offer a proprietary AI model in China. According…
Z.ai unveiled GLM-5.3 on August 14, reporting improved performance on long-horizon coding and software-vulnerability analysis. The model scored 84.5% on Z.ai's CyberGym benchmark, above the company's …
The United States is preparing to warn dozens of partner countries, including Italy, that joining Chinese-led AI initiatives could exclude them from the U.S.-led Pax Silica coalition, according to an …
The U.S. State Department is preparing a letter telling the 35 signatories of its AI Opportunity Statement, including Japan, Australia, and South Korea, that they cannot join both Washington's Pax Sil…
Nvidia has dramatically reduced the amount of OpenAI infrastructure financing it may guarantee, scaling back from a previously reported $250 billion commitment, according to a Wall Street Journal repo…
The United States is preparing to warn countries that joining China's World Artificial Intelligence Cooperation Organization (WAICO) could cost them access to the U.S.-led Pax Silica initiative and it…
South Korean opposition leader Lee Jae-myung proposed a two-track approach to manage tensions with North Korea, including a peace-talk mechanism and a joint inter-Korean body, as reported by Reuters a…
The US State Department has prepared a draft letter warning 35 countries that they must choose between joining a US-led AI coalition or China's rival framework, or risk exclusion from US AI cooperatio…
Nvidia is in talks to invest up to US$3 billion in SB Energy, a SoftBank Group subsidiary developing a planned Ohio data centre project for OpenAI, according to The Information. The investment is part…
AI makes foundational knowledge more important, not less, according to a new analysis. The article argues that students need deep domain knowledge and judgment to verify AI outputs, citing court sanct…
Apple trained its own AI model for China with support from Alibaba, according to Reuters, and the Cyberspace Administration of China registered Apple's generative AI service last month, clearing a key…
The United States will tell its partners they must choose sides in the artificial intelligence race with China, according to a Reuters report. The move escalates Washington's efforts to counter Beijin…
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…
SMIC, China's largest chip foundry, reported record quarterly revenue exceeding $3 billion, driven by strong AI-related demand, and raised prices for its most sought-after manufacturing capacity. The …
Silver Lake is in talks to acquire Workday in a deal that could exceed $43 billion, according to Reuters, sending Workday's stock up 17.8% to $206.45 on August 13 and boosting its market value to abou…
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 …