Fox News opinion contributor argues that Democrats and liberal media are exaggerating AI's environmental and economic risks to justify government control over AI, citing Democratic strategist Jesse Fe…
Advanced Micro Devices (AMD) launched a four-part debt offering on Thursday (Aug 13) that could raise between US$4 billion and US$5 billion, according to a source and terms reviewed by Reuters, as the…
Microsoft, Google, and Amazon now rely on two money-losing AI firms for growth, according to a newsletter post by Ed Zitron citing analyst estimates from Wells Fargo, Barclays, UBS, and Deutsche Bank.…
Five experts warn that the current AI investment boom could end in a bust, drawing parallels to historical bubbles like the 1897 bicycle frenzy, where three-quarters of Birmingham's bicycle companies …
A newsletter by Ed Zitron reports that financial analysts from Wells Fargo, Barclays, and UBS estimate that 70% or more of the AI revenues of Microsoft, Google, and Amazon come from OpenAI or Anthropi…
Wells Fargo analysts said Nvidia (NVDA) is expanding beyond GPUs to capitalize on the $500 billion AI boom, according to a report. The firm highlighted Nvidia's growing role in AI infrastructure, incl…
Moody's warned that banks and insurers have become dependent on a small cluster of tech giants—OpenAI, Microsoft, Google, and Amazon—for AI foundation models and cloud systems, creating a vendor depen…
Morgan Stanley raised its forecast for global hyperscaler capital expenditures to roughly $1.2 trillion by 2027, up from an earlier estimate of $1.116 trillion, with 75% of spending driven by AI infra…
Reddit's stock fell as much as 23% on July 31 after the company reported second-quarter 2026 earnings that beat estimates, with revenue up 61% to $804.9 million, but CEO Steve Huffman warned that sear…
Amazon deprecated its internal KiroRank leaderboard on May 29, 2026, after engineers began running pointless AI tasks to boost token consumption rankings, a practice called 'tokenmaxxing,' illustratin…
Reddit shares fell 9.18% to close at $170.10 on July 22 after the Wall Street Journal reported the company may not renew its $60 million-per-year AI content licensing deal with Google, signed in Febru…
GMO Internet Group discontinued remote work after observing decreased typing volume, highlighting a conflict between encouraging AI coding tools like Copilot and evaluating engineers on keystroke coun…
A-Comm Technologies founder and CEO Krystal Gracier opened the draft A-Comm Evidence Protocol (AEP) for public comment on July 13th, proposing a tamper-evident record for AI agent transactions that me…
Wells Fargo launched AI Teammate on July 15, a chat-based tool for financial advisors managing $2.4 trillion in client assets, as part of a $1 billion tech modernization push. The tool, embedded in th…
ASML reported Q2 2026 net sales of €9.3 billion and net income of €2.9 billion, exceeding its own guidance, and raised its full-year outlook. The company plans to increase capacity for Low-NA EUV and …
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Morgan Stanley reported record net income of $5.58 billion, or $3.46 per share, and record revenue of $21.35 billion in the second quarter, driven by an AI-fueled surge in trading and dealmaking. The …
Wells Fargo CFO Mike Santomassimo said the bank expects further headcount reductions after cutting 15,000 jobs this year to 197,000, down 79,000 from six years ago, as part of a technology modernizati…
Wall Street's biggest banks reported collective profits of $49 billion in Q2, up 39% year over year, driven by an AI boom that fueled record equity trading and underwriting fees. Goldman Sachs CEO Dav…
JPMorgan Chase reported a record quarterly profit of $21.2 billion for the second quarter, the highest ever for a US bank, driven by a 28% revenue increase to $57 billion and a $4.6 billion gain from …