JPMorgan Chase CEO Jamie Dimon expressed skepticism about the AI spending boom, saying the huge investments may not pay off as investors expect, but he praised SpaceX's plan for space data centers as …
Chinese startup Moonshot AI Pte Ltd. released its Kimi K3 model last Friday, claiming it is the world's largest open-weight model with 2.8 trillion parameters and outperforms U.S. rivals on certain be…
The University of Tennessee Research Foundation has sued Anthropic in Delaware federal court for allegedly infringing its patents on neural network technology, marking what is believed to be the first…
3M stock jumped on Tuesday after the manufacturer raised its full-year guidance amid its turnaround plan to simplify operations and boost innovations. CFRA Research analyst Jonathan Sakraida highlight…
Alphabet's Google on Tuesday released three cheaper versions of its Gemini AI model—Gemini 3.6 Flash, Gemini 3.5 Flash-Lite, and Gemini 3.5 Flash Cyber—but provided no timing update for the flagship G…
Nvidia is touting performance gains for its Vera Rubin platform ahead of AMD's Advancing AI conference, with CoreWeave seeing 10 times more tokens per watt running DeepSeek's R1 model compared to the …
Moonshot AI is preparing to begin discussions in August on a final pre-IPO fundraising round at a valuation of as much as $50 billion, capitalizing on excitement around its latest Kimi K3 model. The C…
Z.AI, formerly known as Zhipu, has completed construction of a 1-gigawatt data center that will use only Chinese-made AI chips, marking a milestone in Beijing's push to reduce reliance on Nvidia Corp.…
Oracle stock has crashed more than 50% since June 2, falling 36% year-to-date versus a 9% gain for the S&P 500, as investors question whether AI-fueled growth expectations have become too aggressive. …
Meta stock has rallied 12% in the past month as bulls circle ahead of its July 29 earnings report, driven by potential profit upside from cost cuts and a new compute deal with Anthropic. BofA analyst …
Kimi's cost per AI token is cheaper than Anthropic's, but it is 10 months behind in development, according to DVx Ventures CEO and VistaShares co-founder Jon McNeill, who previously served as Tesla pr…
Wall Street futures pointed higher Tuesday, with the S&P 500 up 0.4%, the Dow up 0.3%, and the Nasdaq climbing 1.3%, as AI-focused companies recovered some losses. Chipmakers Marvell Technology and In…
Data centers in the US will consume about 20% of the nation's electricity by 2035, up from 5.9% today, according to BloombergNEF. The research firm projects data center power needs will reach 194 giga…
Alphabet will report Q2 earnings on Wednesday as investors assess AI monetization, with expected EPS of $2.95 on revenue of $116.98 billion. Google Cloud Platform revenue is projected to hit $22.4 bil…
China's youth unemployment could approach 20% in the next two months as a record 12.7 million graduates enter the labor market, according to Zhaopeng Xing, an economist at Australia & New Zealand Bank…
The United States and China are planning to hold talks over artificial intelligence in September, five sources familiar with the matter told Reuters, as the superpowers confront how to regulate the ri…
The KraneShares CSI China Internet ETF (KWEB) has jumped nearly 13% in July, leading thematic ETFs, driven by Alibaba's (BABA) 27% monthly gain after China approved Apple Intelligence for iPhones, wit…
Jijia Vision, also known as GigaAI, is seeking a Hong Kong IPO as soon as 2026, founder and CEO Huang Guan said, making it the first world model startup to go public globally. The Beijing-based compan…
UBS's trading desk says the selloff in momentum stocks is nearing an end, creating an opportunity to buy artificial intelligence and semiconductor shares. Hedge funds have unwound long positions in mo…
A federal judge in San Francisco approved Anthropic's $1.5 billion settlement of a copyright lawsuit brought by authors who accused the AI company of using pirated books to train its chatbot Claude. T…