Anthropic has selected Morgan Stanley, Goldman Sachs, and JPMorgan Chase to lead its initial public offering, following a confidential S-1 filing with the SEC on June 1, 2026. The AI company behind th…
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also involved in the deal, as the Claude maker weighs a public debut as soon as October…
Rex Shares and Bank of Montreal launched two new exchange-traded notes on June 2, offering triple-leveraged long and short daily exposure to 25 AI leaders. The AIQU ETN provides 3x long daily returns …
A UK Member of Parliament has filed a lawsuit against Elon Musk’s xAI over non-consensual sexual images generated by its Grok chatbot. The case is expected to become a landmark test under UK law, dete…
OpenAI CEO Sam Altman offered to buy back an investor's shares after being pressed on the gap between the company's $13 billion in annual revenue and its $1.4 trillion in infrastructure commitments. A…
Ideogram AI released version 4.0 of its text-to-image model with open weights, allowing developers to download and run the software on their own infrastructure. The update improves prompt fidelity and…
XAI, Elon Musk's artificial intelligence company, has paused hiring for specialist tutors intended to train its Grok chatbot. The hiring freeze follows the layoff of at least 500 generalist AI tutors …
OpenAI CEO Sam Altman projects another million-fold increase in AI token usage over the next six years, following a similar leap in the past six years. The projection, based on expected improvements i…
Adobe is searching for its next CEO, considering internal candidates David Wadhwani and Anil Chakravarthy alongside external applicants, as Shantanu Narayen prepares to step down after 18 years. Naray…
Bill Ackman said long-term, durable growth has become a priority for investment strategies, as larger investors must focus on sustainable scaling. He warned that public companies face challenges from …
Venture capitalist and former Google Ventures partner M.G. Siegler said Google is falling behind OpenAI and Anthropic in foundational AI models, citing the delayed release of its Gemini 3.5 Pro model …
Dr. Hon Weng Chong, CEO of Cortical Labs, announced that biological neurons are 5,000 times more stable and sample-efficient than traditional GPU-based AI systems. Chong also raised ethical concerns a…
George Fraser, CEO of Fivetran, stated that AI agents require centralized data to function effectively, driving a shift in data management practices. The rise of AI-native companies poses a significan…
Sarah Friar, OpenAI's CFO, stated on the All-In Podcast that artificial intelligence will be the most transformative era for global productivity and quality of life. She argued that an initial public …
Hewlett Packard Enterprise shares surged 28% on June 2 after the company reported fiscal Q2 2026 revenue of $10.68 billion, a 40% year-over-year increase that beat analyst estimates by nearly $1 billi…
Constellation Energy has cleared a key regulatory hurdle for its $1.6 billion plan to restart the Three Mile Island Unit 1 reactor by 2027, now renamed the Christopher M. Crane Clean Energy Center. Th…
Micron Technology crossed the $1 trillion market capitalization threshold on May 26, with its stock surging nearly 19% in a single session after a UBS analyst tripled its price target to $1,625. The c…
Justin Fox and Nathan Cavanaugh, former staffers of the Department of Government Efficiency, are launching a private venture to acquire companies and reduce operational waste using artificial intellig…
The US technology sector has surged 42% in two months, marking its biggest rally in 24 years, driven by artificial intelligence and semiconductor stocks. The Philadelphia Semiconductor Index gained ov…
Marvell Technology shares surged up to 30% to a record high on June 2 after Nvidia CEO Jensen Huang called the chipmaker the "next trillion-dollar company" during a Computex keynote. The endorsement l…