Jane Street, the New York-based quantitative trading firm, lost approximately $15 billion in July, its largest monthly loss on record and first negative month since 2016, driven by exposure to the AI-…
OpenAI announced a $1 million grant program funding 14 independent research projects across the US, European Union, Brazil, Singapore, and South Korea to study how AI can widen economic opportunity an…
Payward Inc., parent company of cryptocurrency exchange Kraken, has joined Anthropic's Project Glasswing, an invite-only cybersecurity initiative using the Claude Mythos 5 AI model to scan code for vu…
A new benchmark called AGENTIF, developed by researchers at Tsinghua University and Zhipu AI, reveals that current advanced AI models achieve less than 30% perfect instruction following on complex, re…
China's semiconductor industry is projected to generate $245 billion in revenue in 2025, a 22% increase from the prior year, cementing its position as the largest national chip market. SMIC, China's l…
ARK Invest hired Matt Arkin as a research associate covering artificial intelligence, cloud computing, and semiconductors, signaling a deeper focus on AI infrastructure. The firm's March 2026 research…
Anthropic's annualized revenue run rate has surpassed $65 billion, more than seven times the $9–10 billion reported at the end of 2025, according to figures circulating ahead of a potential IPO. The c…
Circle, the company behind the USDC stablecoin, has published a roadmap for 'agentic features' to enable AI agents to operate as sellers in digital commerce, focusing on identity, reputation, validati…
Ray Dalio, founder of Bridgewater Associates, warned on The Diary of a CEO that the AI-fueled equity market shows 'classic signs' of a bubble, comparing it to 1929 and 2000, and endorsed Jeremy Granth…
Anthropic CEO Dario Amodei posted on X on August 16 that powerful AI could cure most human diseases in 5 to 10 years, reiterating a prediction from his October 2024 essay 'Machines of Loving Grace.' D…
US investment-grade bond sales hit a third consecutive monthly record in July 2026, driven by a surge in AI infrastructure borrowing, with total issuance reaching $1,681 billion through July, a 26.9% …
Wispr Flow raised $280 million in a Series B funding round led by Menlo Ventures, valuing the AI voice-to-text startup at $2 billion, with total funding reaching $361 million. The company said users h…
Neynar is acquiring Farcaster, the decentralized social protocol, and returning $180 million to investors as co-founders Dan Romero and Varun Srinivasan step back from daily operations at Merkle Manuf…
Bloomberg reports that AI-driven borrowing by major tech companies is pushing U.S. Treasury yields above 5%, with the 30-year Treasury yield surpassing 5% for the first time in over a decade. The incr…
IREN has delivered its first 50-megawatt AI cloud facility, Horizon 1, in Childress, Texas, to Microsoft under a $9.7 billion, five-year contract, with Microsoft formally accepting the deployment. The…
XAI's Grok 4.6 ranked third on the Artificial Analysis Healthcare and Medical Index, behind Anthropic's Claude Opus 5 (max) and Claude Fable 5 (with fallback), according to a benchmark weighting clini…
Robinhood Markets Inc. launched Agentic Trading, allowing eligible US users to connect third-party AI agents such as Claude, ChatGPT, and Grok to dedicated brokerage accounts for automated trading acr…
Nvidia has agreed to provide up to $105 billion in credit support to help OpenAI lease a colossal data center campus in Pike County, Ohio, developed by SB Energy, a subsidiary of SoftBank. The agreeme…
Stanley Druckenmiller, David Tepper, and Peter Thiel collectively deployed over $1 billion into Amazon and Alphabet during Q2 2026, betting on AI infrastructure. Druckenmiller's Duquesne Family Office…
Venice AI, the privacy-focused generative AI platform founded by Erik Voorhees, has reached $100 million in annualized revenue run-rate, up from over $70 million about a month earlier. The company, wh…