Reflection AI, a U.S. startup developing open-weight AI models, signed a $1 billion compute deal with European AI infrastructure company Nebius, formerly the international arm of Yandex, to access Nvi…
DeepSeek is in preliminary talks to raise new funds at a roughly $71 billion valuation, a $19 billion increase from its $52 billion valuation set six weeks ago in May, according to the Financial Times…
SpaceX and Amazon, founded by Elon Musk and Jeff Bezos respectively, now command a combined market value of roughly $4.5 trillion, but a new Fortune report by Amanda Gerut reveals that Amazon generate…
AI startup Reflection AI has signed a computing agreement worth over $1 billion with cloud provider Nebius Group NV to secure access to NVIDIA Corp.'s GB300 AI chips through 2029. The deal, announced …
Reflection AI, the open-source frontier lab founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, has signed a multi-year computing agreement with Nebius worth more than $…
Goldman Sachs reported a 78% surge in second-quarter profits to $6.6 billion, or $21 per share, far exceeding analyst expectations of $14.50 per share, driven by a 72% jump in equities trading revenue…
Goldman Sachs Group Inc. posted a record $7.42 billion in stock-trading revenue for the second quarter, surpassing its own Wall Street records for the third consecutive quarter. The equities result ju…
AI startup Reflection has signed a more than $1 billion deal with Nebius to secure computing capacity, including access to Nvidia's latest chips, building on a previous agreement with SpaceX. The deal…
Apple has sued OpenAI for theft of trade secrets, accusing former senior systems electrical engineer Chang Liu of stealing confidential information. The Wall Street Journal reports that Apple's innova…
Microsoft CEO Satya Nadella warned that enterprise teams using cloud AI tools are leaking proprietary knowledge to providers through routine use, calling it a 'reverse information paradox' where every…
Envision CEO Lei Zhang announced at VivaTech in Paris that AI's biggest bottleneck is no longer silicon but energy, as Goldman Sachs forecasts US datacenter power demand to hit 31 GW by 2025 and 66 GW…
VELVET, the native cryptocurrency of the AI-powered on-chain trading terminal Velvet, surged 15.9% to $0.584 as the decentralized finance and AI (DeFAI) narrative gains momentum, according to CoinGeck…
SpaceX and Tesla CEO Elon Musk clashed with OpenAI CEO Sam Altman on X over the weekend, with Musk posting 'Scam Altman strikes again.' Yahoo Finance Technology Editor Dan Howley reported the exchange…
Elon Musk and Sam Altman have reignited their public feud, accusing each other of misleading investors as they vie for AI dominance, with SpaceX preparing for a $1.75 trillion IPO and OpenAI completin…
Elon Musk and Sam Altman are accusing each other of scamming investors as SpaceX and OpenAI compete to lead the AI revolution. Musk called Altman "Scam Altman" after Apple sued OpenAI, while Altman re…
A handful of elite venture capital firms, including Sequoia Capital and Menlo Ventures, are poised to reap the bulk of wealth from AI mega-IPOs such as SpaceX, OpenAI, and Anthropic, threatening rough…
SpaceX agreed on June 16 to acquire Anysphere, the company behind Cursor, for $60 billion in stock, and by June 28 Cursor session data was flowing into training for Grok 4.5, which launched July 9. Th…
Sam Altman said space data centers will not be a serious business anytime soon, echoing what most experts already believe, in a social media exchange with Elon Musk over the weekend. Musk had accused …
The Dow Jones Industrial Average fell 152 points (0.3%) Monday as oil prices surged to nearly $80 a barrel after President Trump announced a blockade and 20% toll on cargo through the Strait of Hormuz…
A Breakingviews report warns that the anticipated wave of AI mega-IPOs, including SpaceX, OpenAI, and Anthropic, expected to generate over $160 billion in primary capital, could threaten jobs in the v…