Corporate spend management platform Ramp has achieved a $44 billion valuation after closing a $750 million Series F funding round led by ICONIQ, GIC, and Ontario Teachers' Pension Plan. The New York-b…
Palantir Technologies announced a multiyear partnership with law firm Kirkland & Ellis on June 4 to develop AI-powered tools for private equity fund formation, documentation, and management. The colla…
Flourish, a New York-based neuroscience startup, raised $500 million at a $2.5 billion valuation from investors including Jeff Bezos, Lux Capital, and GV. The company is developing Cortex AI, a brain-…
Arm Holdings' stock surged nearly 100% in weeks, pushing its market capitalization to approximately $218 billion as demand for AI chips drives investor enthusiasm. The SoftBank-owned chip architecture…
Billionaire Sarath Ratanavadi is investing up to $4.3 billion to expand Gulf Development Pcl's data center capacity by 2,000 megawatts over five years, a tenfold increase from its current operations. …
Federal officials and a bipartisan group of state governors have proposed breaking up PJM Interconnection, the largest U.S. power grid operator serving 67 million people across 13 states and Washingto…
On June 3, 2026, the European Commission launched the European Technological Sovereignty Package, a legislative bundle including Chips Act 2.0, a Cloud and AI Development Act, and an open source strat…
US employers announced 97,006 job cuts in May, a 16% increase from April and the highest May total since 2020, according to Challenger, Gray & Christmas. S&P 500 futures slid following the release, wi…
Broadcom shares plunged over 13% in after-hours trading on June 3, wiping out more than $250 billion in market value, after the company's third-quarter AI chip revenue forecast of $16 billion fell sho…
Meta CEO Mark Zuckerberg launched the Meta Business Agent and Meta Business Agent Platform at the Conversations 2026 event in London on June 3, providing businesses with AI-powered tools that operate …
Unicorn valuations have surged 70% since September 2024, driven by a fivefold increase in AI funding per unicorn compared to 2021, according to Coatue co-founder Thomas Laffont. Laffont also stated th…
Global high-net-worth individual wealth rose 8.7% to $98.3 trillion in 2025, marking the strongest annual growth in five years, according to Capgemini's World Wealth Report. The United States added 73…
SoftBank Group committed €75 billion ($87 billion) to build AI data center capacity in France by 2031, sending its stock up 14% in a single day. The investment, combined with massive stakes in OpenAI …
Anthropic co-founder and President Daniela Amodei confirmed the company has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, citing the high costs …
TSMC CEO C.C. Wei projected over 30% revenue growth in 2026 driven by surging AI demand and signaled gradual price increases on advanced chips, including a potential 15% hike on 3nm nodes in the secon…
Goldman Sachs projected SpaceX's artificial intelligence revenue will surge from $3.2 billion in 2025 to $322 billion by 2030, forming the basis for a proposed $1.78 trillion valuation for the company…
Virtuals Protocol is migrating over $700 million in VIRTUAL tokens from LayerZero to Chainlink CCIP as its exclusive cross-chain infrastructure, citing stronger security standards for autonomous AI ag…
Nvidia and Google are negotiating with Israeli tax authorities to pay corporate taxes in US dollars rather than shekels, following a 20% surge in the Israeli currency against the dollar over the past …
Foxconn and Intel announced a strategic collaboration at Computex 2026 in Taipei on June 4 to jointly develop next-generation AI infrastructure and intelligent computing platforms, with SambaNova join…
The European Commission on June 3 announced the European Technological Sovereignty Package, a bundle of legislation aimed at reducing the bloc's reliance on US and Chinese technology providers. The pa…