Goldman Sachs has projected AI infrastructure spending will reach $7.5 trillion over the next five years, with investments directed at chips, data centers, and power. The forecast suggests a transform…
Meta Platforms heads into a high-stakes Q2 earnings report on Wednesday with investors increasingly skittish about AI capex, after Alphabet and Tesla were punished for spending figures that outpaced W…
Y Combinator-backed startup raises $13.5 million to help enterprises control LLM token spending as the tokenmaxxing trend collapses under rising costs. Uber blew through its 2026 AI coding budget by A…
Tesla is moving AI workloads off public cloud to owned infrastructure, arguing that AI is too central and expensive to leave to third-party providers, according to a 247wallst.com analysis. The compan…
Tesla completed a $1.95 billion acquisition of an unnamed AI hardware company on July 24, disclosing the deal only in a footnote in its Q2 2026 financial filing. The bulk of the payment, $1.73 billion…
China has commenced mass production of deep ultraviolet (DUV) chipmaking tools, intensifying a sell-off in AI and semiconductor stocks as market participants reassess the global competitive landscape.…
A potential slowdown in the AI investment boom is emerging as capital spending shifts, with UBS estimating global AI investments will reach $500 billion in 2026. CNBC reported that investors are rotat…
Nobel Prize-winning economist Daron Acemoglu challenged Elon Musk to pledge his entire $1 trillion fortune to charity by 2036, and Musk replied on X, "I am actually going to do something along these l…
Apple surpassed Nvidia as the world's most valuable company on Monday, with Apple's market cap reaching nearly $5 trillion after a 1% stock rise, while Nvidia fell nearly 5% to about $4.77 trillion. T…
Tesla is rolling out a major integration of xAI's Grok AI assistant into its vehicles via the 2026.26 over-the-air software update, giving drivers voice-activated control over Spotify playback, phone …
Elon Musk said on Tesla's recent earnings call that the Terafab project, a massive vertically integrated semiconductor manufacturing facility producing over 1 terawatt of AI compute annually, will ann…
Intel reported $16.1 billion in Q2 2026 revenue, up 25% year-over-year, and non-GAAP EPS of $0.42, beating Wall Street estimates of $14.43 billion and $0.21, but shares fell 7.9% to $92.32 after the c…
Apple reclaimed the title of the world's most valuable public company from Nvidia on Monday, with shares rising over 1% to give Apple a market capitalization of roughly $4.94 trillion versus Nvidia's …
Elon Musk lost a record $334 billion in a single week as SpaceX stock fell 15% from its issue price and Tesla shed 17.8% of its value, according to market data. The broader tech sell-off hit Alphabet …
Elon Musk said humans may 'no longer be in charge of the world in 10 years' and maintained a 10% to 20% risk of AI-driven catastrophe, according to a July 2026 interview with The Economist. The Tesla …
Alphabet, Google's parent company, has reclaimed the $4 trillion market capitalization milestone, becoming only the fourth company in history to do so alongside Nvidia, Microsoft, and Apple. The stock…
Elon Musk predicted that artificial intelligence will exceed the sum of human intelligence within five years, leading to an "age of amazing abundance" where cash becomes meaningless and up to one bill…
Chinese AI startups Moonshot AI, Z.AI, and DeepSeek are challenging U.S. labs by releasing models that match or exceed top-tier performance at a fraction of the cost, upending expectations that U.S. f…
Elon Musk told The Economist that artificial intelligence will likely surpass the combined intelligence of every human on Earth within about five years, and that humans may not remain in charge once t…
Elon Musk, CEO of Tesla, SpaceX, and xAI, predicts that money will become irrelevant by 2036 as artificial intelligence and robotics eliminate scarcity by producing more goods and services than humans…