Alphabet announced on August 5 a leadership restructure at Google DeepMind, with co-founder Demis Hassabis stepping down as CEO to become Chair and Chief Scientist, and Koray Kavukcuoglu, formerly CTO…
Anthropic released Claude Opus 5 on July 24, 2026, with responses significantly longer and more structurally complex than its predecessor Opus 4.8, while Fable 5, the premium-tier model, remains conci…
Goldman Sachs and five other financial firms are part of a consortium mobilizing over $500 billion to support NVIDIA's AI infrastructure initiatives, according to a report. The financing targets NVIDI…
Nvidia signed memorandums of understanding with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilize over $500 billion in third-party capital for AI infrastructure, a move tha…
Alibaba's Qwen team launched Qwen3.8-Max on August 3, a 2.4 trillion parameter sparse Mixture-of-Experts model that runs at over 4,000 tokens per second per GPU on Nvidia's GB300 NVL72 hardware, scori…
The Yale Budget Lab, led by executive director Martha Gimbel, argues that Washington should fix existing tax code gaps before drafting new taxes on AI-generated wealth, warning that current disparitie…
CoreWeave reported Q2 revenue of $2.08 billion, a 112% year-over-year increase, while Nebius Group saw a 684% revenue surge and turned adjusted EBITDA positive, despite both companies posting net loss…
Thrive Holdings, the holding company founded by Josh Kushner, raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital Partners, and Altimeter Capital to acquire traditional service busi…
Alphabet Inc. shares dropped roughly 4% after CEO Sundar Pichai announced that Demis Hassabis is stepping down as head of Google DeepMind to become Chair and Chief Scientist of Alphabet, with Koray Ka…
The Trump administration has launched a $50 million AI-powered logistics pilot in Panama to fast-track shipments of semiconductors and critical minerals essential to artificial intelligence developmen…
OKX reported that its AI-driven risk controls protected over $1.1 billion in customer assets and blocked $26.3 million in scam-related transfers during H1 2026, intervening in real time for roughly 49…
Upstage, a South Korean AI startup founded in 2020, released Solar Pro 4, a reasoning model that scored 42 on the Artificial Analysis Intelligence Index, triple the 14 scored by its predecessor Solar …
Roundhill Investments' Neocloud ETF (NCLD) surged roughly 15% in its first week of trading on the Nasdaq, accumulating $46 million in cumulative volume. The actively managed fund, launched August 6 wi…
DeepSeek, the Chinese AI startup founded in July 2023 with backing from High-Flyer hedge fund, activated official social media accounts around August 12 and posted job listings to build a dedicated te…
OKX's Turkey-focused division listed a direct KAITO/TRY spot pair on August 10, giving Turkish investors direct fiat access to the AI-focused InfoFi token without routing through dollar pairs. The tok…
NEAR AI Cloud now issues Intel-signed attestation tokens for confidential inference requests, adding an independent verification layer backed by Intel Trust Authority. The upgrade lets users verify AI…
OpenAI has hired over 100 former investment bankers from Goldman Sachs, JPMorgan Chase, and Morgan Stanley for Project Mercury, an internal initiative to automate financial modeling workflows, with ba…
SKALE launched Agent Pit on August 12, a sandbox environment for training AI agents on prediction market mechanics before deploying them on Polymarket with real capital. The platform replicates Polyma…
Nvidia has become the most actively traded stock in the US, accounting for 3.0% of total notional trading volume year-to-date, according to Goldman Sachs. The chipmaker's market capitalization approac…
Strategy executive chairman Michael Saylor pushed back against Elon Musk's vision of AI making money obsolete, arguing in a Diary of a CEO interview that scarcity and status will keep currency relevan…