Matt Prusak is leaving his role as president and interim CFO of American Bitcoin Corp to join Giga Energy as chief business officer and interim CFO, effective August 4. Giga Energy, a Houston-based mo…
AWS CEO Matt Garman said at AWS re:Invent 2025 that AI inference now accounts for roughly two-thirds of all AI compute demand, up from about one-third in 2023, and predicted that 80-90% of enterprise …
The UK government has signaled it will introduce binding AI regulation if voluntary safeguards fail, a stance between the EU's AI Act and the US's laissez-faire approach. The government has allocated …
Nvidia's data center segment generated $75.2 billion in Q1 fiscal 2027, a 92% year-over-year increase, now accounting for 92% of total revenue, according to the company's latest quarterly report. CEO …
Citadel Securities projects more than $500 billion in additional public and private debt issuance by 2028 to finance AI data center chips, with AI capital expenditure expected to climb to roughly $600…
The White House will convene AI companies on Tuesday, August 4, 2026, to review the national AI policy framework first unveiled in March 2026, which routes federal AI guidelines through existing agenc…
Apple Inc. has filed a lawsuit against OpenAI and two former Apple employees, alleging misappropriation of trade secrets related to Apple's hardware and supplier information. The lawsuit, filed in the…
UBS downgraded NXP Semiconductors from Buy to Neutral on August 3, cutting its 12-month price target from $305 to $270, citing a looming inventory correction in China's automotive sector and NXP's lim…
The ISM Manufacturing PMI hit 54.0 in May 2026, its highest since May 2022, driven by demand for AI hardware and data centers, but a projected shortfall of 3.8 million skilled workers and supply-chain…
A Google DeepMind executive predicts AI-related capital expenditures could reach $1 trillion by 2026, driven by recursive self-improvement (RSI), which the executive considers the new AGI. Combined ca…
Palantir Technologies shares have dropped over 40% from their November 3, 2025 all-time high of $207.52, trading recently between $122 and $126, as the AI darling faces a valuation reality check amid …
Leopold Aschenbrenner's AI-focused hedge fund Situational Awareness lost roughly 67% of its value in July, forcing it to sell a $16 billion public equity portfolio to Citadel at a 10% discount to meet…
Amazon.com Inc. has not yet crossed the $3 trillion market cap threshold, holding a market capitalization of approximately $2.921 trillion as of early August 2026, ranking fifth globally. The company …
Zenity, a Tel Aviv-based cybersecurity startup, raised $125 million in a Series C funding round led by Norwest, with new investors SoftBank Vision Fund 2, Hitachi Ventures, and LG Technology Ventures.…
KKR closed KKR Global Infrastructure Investors V, its largest infrastructure fund ever, at $19.2 billion, with a focus on data centers and digital infrastructure. More than $9 billion has already been…
DeepX, a South Korean edge AI chipmaker, has secured new funding at roughly four times its previous valuation, according to Bloomberg, signaling a semiconductor arms race with implications for crypto …
Technology stocks recorded their largest five-week inflow in history, with tech ETFs capturing roughly 69% of all sector inflows during the first half of 2026, according to market data provider Barcha…
The European Union's AI Act, which entered into force on August 1, 2024, began enforcing its 'unacceptable risk' prohibitions on February 2, 2025, banning eight categories of AI systems including soci…
Horizon3.ai closed a $250 million Series E funding round, valuing the San Francisco-based cybersecurity startup at roughly $2 billion, up from above $750 million after its $100 million Series D in mid…
Iranian drone strikes hit three Amazon Web Services data centers in the UAE and Bahrain starting March 1, 2026, causing structural damage and service disruptions in the first confirmed deliberate targ…