AI is becoming a financial engineering business
Since the AI boom began in 2023, Amazon, Microsoft, Alphabet, and Meta have invested $1.1 trillion in AI infrastructure, with plans for another $745 billion this year, signaling a shift from asset-lig…
Since the AI boom began in 2023, Amazon, Microsoft, Alphabet, and Meta have invested $1.1 trillion in AI infrastructure, with plans for another $745 billion this year, signaling a shift from asset-lig…
Binance launched Binance Ai Pro beta on March 25 for eligible users, allowing AI agents to execute trades and run strategies in a separate virtual sub-account with no withdrawal permissions, but losse…
Only 5% of businesses say their data is AI-ready, and Gartner predicts 60% of AI projects will be abandoned through 2026 for lack of AI-ready data, according to a Fortune article co-authored by TIAA a…
Cerebras unveiled the CS-4 at its Supernova 2026 event in San Francisco on August 18, claiming it delivers up to 30 times faster inference than GPU systems on frontier models. The system uses three wa…
Zynga founder Mark Pincus said in an interview that AI can get products to a B-plus but not to an A, and that leaders must master the science of product making before earning the right to innovate. He…
Most AI agent vendors' uptime warranties are structured to rarely pay out, with remedies capped at service credits rather than cash and exclusions for force majeure and model provider outages, accordi…
Amazon announced plans to significantly ramp up its Prime Air drone delivery service, aiming for airborne deliveries in nearly 500 U.S. cities and towns by the end of this year. The drones can transpo…
HoneyBook, the client relationship platform used by more than 100,000 independent service businesses to manage over $10 billion in work, launched HoneyBook MCP, an integration built on the open-source…
Nvidia's RTX 5090 graphics card is now listed at $4,929.99 on Nvidia's own store, up from a $1,999 MSRP for the Founders Edition, after an Asus ROG Astral RTX 5090 BTF order was canceled following a $…
The Cybersecurity and Infrastructure Security Agency (CISA) added CVE-2025-62593, a critical remote code execution flaw in the Ray open-source framework used by OpenAI, Uber, and Amazon, to its Known …
Only 34% of C-suite executives in a Pearl Meyer survey said it is consistently clear which executive or team makes AI decisions, the lowest among all groups polled, while 53% of board members and 57% …
AI-generated assets are flooding online marketplaces, but buyers are snubbing them for human-made products, according to a CGTrader report that found AI-generated models accounted for just $1 out of e…
In Q2 2026 13F filings, Dan Loeb's Third Point exited Nvidia, Broadcom, KLA, Lam Research, the VanEck Semiconductor ETF, and Meta, while building a new 20 million share position in Warner Bros. Discov…
Braintrust, an AI evaluation infrastructure company, raised an $80 million Series B in February 2026 at a reported $800 million valuation, building its product around turning production traces into re…
SMIC's net profit jumped 261.7% year over year in Q2 to $479.2 million, with revenue crossing $3 billion for the first time, up 36.1%, while Hua Hong Semiconductor's net profit soared 385.9% to $38.6 …
Bloomberg reported that Phia, the AI shopping extension co-founded by Phoebe Gates and Sophia Kianni, engaged in cookie stuffing for months, with internal Slack messages showing the founders knew abou…
OpenAI began rolling out ChatGPT for Teens on August 18, 2026, routing 13- to 17-year-olds into a version with tighter safety guardrails, but parents still cannot read their teen's chats. The rollout …
AI coding tools like Cursor, GitHub Copilot, and Devin bundle subscription seats with metered usage, leading to unexpected bills for founders, as seen when Cursor customers reported charges far above …
Intercontinental Exchange announced on May 19 plans to launch U.S. dollar, cash-settled GPU compute futures tied to Ornn's Compute Price Index, and CME Group said on August 11 it would launch Silicon …
Jim Dausch, global chief digital and technology officer at Yum Brands, is deploying AI and automation across 63,000 restaurants, including a data-driven system that improved Pizza Hut delivery tempera…