Blackstone CEO Stephen Schwarzman said the firm is 'mindful' of 'excessive exuberance' in AI as the company reported Q2 distributable earnings of $2 billion, or $1.52 per share, up 26% from a year ear…
Alphabet reported Q2 2026 revenue of $119.8 billion, but an analyst called the profit growth 'illusory' after $98 billion in unrealized gains from equity stakes in Anthropic and SpaceX masked negative…
Tesla posted its first annual revenue decline in 2025, with revenue falling approximately 3% year-over-year to around $94.83 billion, as CEO Elon Musk pivots resources toward robotaxis, humanoid robot…
Tesla shares plunged over 13% Thursday morning after the company reported dismal second-quarter results, with gross profits dropping as AI-related capital expenses and R&D costs climbed faster than re…
Elon Musk thanked Micron on Tesla's quarterly call for a significant memory allocation on reasonable terms, but Tesla and SpaceX are jointly building Terafab, a chip fab at Giga Texas that could cost …
Tesla delivered a record 480,126 vehicles and generated $28.24 billion in revenue in Q2, up 26% year-on-year, but operating income plunged 57% to $398 million as R&D spending on AI jumped 49% to $2.37…
Cursor, the AI coding platform being acquired by SpaceX for $60 billion, expanded its CFO council on July 23, 2026, adding finance chiefs from Natera, Payoneer, JFrog, Amplitude, First American Bank, …
Tesla shares fell 6.1% in after-hours trading on Wednesday after the EV maker's Q2 earnings per share dropped to $0.33 from $0.51 a year earlier, causing Elon Musk's net worth to fall $44.3 billion to…
Cursor, the AI coding company being acquired by SpaceX in a $60 billion all-stock transaction, has launched a CFO Council that will meet quarterly beginning Aug. 18 in San Francisco. New members inclu…
Elon Musk urged leading AI firms to conduct peer reviews of one another's most advanced models before releasing them, The Economist reported on Thursday, as concerns grow over rapid AI development and…
Anthropic released a tutorial on how large language models work and a research report, but Cal Newport criticized the report as poorly constructed. The Common Sense Skeptic analyzed SpaceX's IPO and M…
Goldman Sachs launched a dedicated alternative investments platform to give wealthy clients direct stakes in private companies like SpaceX, Stripe, and Canva, consolidating its direct investment opera…
Elon Musk said Tesla should spend on AI 'as fast as we can' even if some money is wasted, as the EV giant's capital expenditure soared 142% year-over-year to $5.8 billion in Q2 2026. Tesla recorded a …
Elon Musk pledged on July 22, 2026, that his AI video tool Grok Imagine will produce a full-length, historically accurate movie of Homer's The Odyssey before the year ends, escalating his feud with Ch…
Google's profits quadrupled to $112 billion in the latest quarter, driven by AI investments, CEO Sundar Pichai said. The company's total revenue hit $119 billion, up 24% year-over-year, with its cloud…
Alphabet lifted its full-year capital-expenditure guidance to as much as $205bn, up from a prior range of $180bn to $190bn, as Google Cloud revenue jumped 82% to $24.8bn in the second quarter. The com…
Elon Musk hinted at a potential merger between SpaceX and Tesla during Tesla's earnings call on Wednesday, raising analysts' expectations to a 90% probability according to Deepwater's Gene Munster. Mu…
Alphabet posted a record $112.1 billion net profit in Q2 2026, a 298% year-over-year surge, driven largely by $99 billion in unrealized and realized gains from its investments in Anthropic and SpaceX.…
Alphabet reported $98 billion in other income for Q2 2026, almost entirely from unrealized gains on investments in SpaceX, Anthropic, and Databricks, but buried the windfall in a single vague sentence…
Alphabet reported Q2 2026 revenue of $119.8 billion and net income of $112.1 billion, inflated by a roughly $98 billion gain from equity investments including SpaceX. Google Cloud revenue surged 82% t…