Leopold Aschenbrenner's hedge fund Situational Awareness lost 67% in July 2026, falling from $45 billion to $10 billion in assets under management, after concentrated bets on AI hardware and semicondu…
Cipher Mining Inc. shares fell to session lows after co-presidents Patrick Arthur Kelly and William Iwaschuk filed Rule 10b5-1 plans to sell stock through 2027. Kelly's plan was adopted on May 12, 202…
Michael Burry, the investor known for predicting the 2008 housing collapse, has fully exited his long position in Microsoft, closed his short position in Oracle, liquidated his January 2026 puts on Pa…
SpaceX, the newly public rocket company, heads into its first quarterly earnings report on August 4, 2026, with $100 billion in cash and a $47.5 billion backlog, but also a $15.828 billion AI capital …
AMD's data center segment revenue reached $6.7 billion in Q2 2026, more than doubling from $3.2 billion a year earlier, while gaming revenue fell 31% to $779 million. The surge is driven by AI infrast…
AMD reported Q1 2026 revenue of $10.3 billion, up 38% year-over-year, and earnings per share of $1.37, beating estimates by 9-10%, yet its stock declined in after-hours trading. The data-center segmen…
INTERPOL's African Cyberthreat Assessment Report 2026, released on August 3, found that AI is linked to 55% of reported cyber incidents in Africa, with losses surging from $192 million in 2024 to $484…
OpenAI OpCo LLC and its subsidiary Statsig Inc. agreed to pay $3.2 million to settle US Justice Department allegations that they discriminated against American workers in hiring, favoring temporary vi…
Samsung Electronics has surpassed $1 billion in sales of its next-generation high-bandwidth memory (HBM) 4 chips within about four months of mass production, which began on February 12, 2026. The comp…
U.S. states including Arizona, Illinois, and Ohio are withdrawing sales tax breaks for data centers, potentially raising AI infrastructure costs by approximately 7% or more and increasing the price of…
SpaceX reported $7.8 billion in Q2 2026 revenue, a 92% jump from Q1's $4.7 billion, beating analyst estimates of $6.8–6.9 billion, driven by Starlink and its AI segment from the xAI merger. The compan…
SpaceX and Nvidia announced on August 4, 2026, that they are jointly developing the compute payload for the Starmind AI1 satellite, a spacecraft designed to run AI workloads in low Earth orbit using N…
Apple Inc. filed a 41-page lawsuit in Northern California federal court on July 10, accusing OpenAI of orchestrating a systematic effort to steal trade secrets related to hardware designs and manufact…
SpaceX reported $7.8 billion in Q2 2026 revenue, beating consensus estimates of $6.8–$6.9 billion, and $3.5 billion in adjusted EBITDA, yet its stock dropped 8%. The company, which began trading on th…
EdgeConneX is exploring up to $4 billion in debt financing for a data center project in Bastrop County, Texas, according to people familiar with the matter. The company filed plans in June 2026 for tw…
Gavin Baker, managing partner and CIO of Atreides Management, said that agentic AI currently has about 500,000 users and could reach 100 million, but data-center GPUs are already running at over 70% u…
Spot rental prices for the same GPU cluster doubled from under $2 per hour to nearly $4 per hour over seven months, according to Gavin Baker, CIO of Atreides Management, who flagged the surge on Augus…
The Dow Jones Industrial Average closed at a record high on August 3, 2026, as the Nasdaq climbed 2.1% and the S&P 500 advanced 1.5%, despite Alphabet reporting its first negative free cash flow since…
Amazon's $13 billion investment in Anthropic is now worth approximately $190 billion, a roughly 14x increase, following Anthropic's Series H funding round in May 2026 that valued the AI safety company…
Volta Infra Holdings emerged from stealth on August 4, 2026, announcing a $300 million raise co-led by Andreessen Horowitz and Altimeter Capital at a $2.4 billion post-money valuation, alongside a $10…