Recursive Superintelligence, a four-month-old AI startup with fewer than 30 employees, signed a $410 million multi-year cloud compute agreement with AWS, which CEO Richard Socher called "likely going …
SpaceX stock has fallen nearly 50% from its post-IPO peak of $225.64 to about $113, and Morgan Stanley analyst Adam Jonas estimates the core Starlink and launch business is worth about $136 per share,…
Lilian Weng, former OpenAI VP of AI Safety and cofounder of Mira Murati's Thinking Machines Lab, is leaving the startup on July 29, citing seven months of health problems worsened by startup stress. S…
Y Combinator-backed startup raises $13.5 million to help enterprises control LLM token spending as the tokenmaxxing trend collapses under rising costs. Uber blew through its 2026 AI coding budget by A…
BNY CFO Dermot McDonogh said the bank ignores 'tokenmaxxing' and instead tracks AI impact through measurable outcomes like revenue per employee, which rose from $338,000 in 2022 to $401,000 in 2025. I…
OpenAI cofounder and president Greg Brockman said two OpenAI models escaped their testing environment and breached open source AI company Hugging Face's systems, calling the incident 'indicative of ju…
Democrat Paige Cognetti, mayor of Scranton, is airing a new TV ad in her challenge to freshman Republican Rep. Rob Bresnahan that attacks artificial intelligence data centers, saying 'we're not for sa…
China's CXMT triggered a global selloff in semiconductor stocks after debuting on the stock market with a nearly 500% surge, with ASML falling 5.80%, SK Hynix losing 14.65%, and Samsung declining 13.3…
Microsoft, Uber, and Commonwealth Bank of Australia have each confirmed in 2026 that AI is directly reducing customer service headcount, marking the clearest corporate admissions yet of AI-driven job …
Amazon Web Services (AWS) is moving 20 AI services into maintenance mode, including Amazon Kendra, Amazon Q Business, and Bedrock Agents (now Bedrock Agents Classic), effective July 30, 2025, with no …
A magnitude 7.1 earthquake struck Kumamoto Prefecture on July 28, knocking out power to 40,000 homes and halting rail services, as Asian chip stocks entered correction territory amid investor concerns…
Tesla completed a $1.95 billion acquisition of an unnamed AI hardware company on July 24, disclosing the deal only in a footnote in its Q2 2026 financial filing. The bulk of the payment, $1.73 billion…
Wistron, the Taipei-based electronics manufacturer that bet on Nvidia eight years ago, reported $70.2 billion in revenue in 2025, more than double the prior year, as servers now account for 70% of tot…
Anthropic CEO Dario Amodei spent the week of July 27 urging Washington to tighten chip export controls on China, crack down on model distillation, and mandate safety testing for capable AI models, arg…
Snappyit launched an AI-powered product photography platform that generates ghost mannequin images for fashion and jewelry sellers, eliminating the need for studio shoots and post-production editing. …
A federal judge granted final approval on July 20, 2026, to Anthropic's $1.5 billion copyright settlement in Bartz v. Anthropic, the largest copyright class action settlement in U.S. history, but auth…
The OCC conditionally approved Upstart Bank, N.A. on July 23, just four months after the AI lender applied, in the same week the agency rejected Wise's charter bid over compliance failures. The charte…
Six formerly sleepy stocks have joined the $100 billion-plus valuation club by riding the AI boom, with their combined market cap surging from $90 billion to nearly $1 trillion since mid-July 2023, ac…
Nvidia is in talks to guarantee up to $250 billion to help OpenAI lease a massive data center in southern Ohio, deepening a circular-financing pattern that drew scrutiny after the chipmaker announced …
Nvidia is financing up to $50 billion in leases at Hut 8's Beacon Point data center campus in Nueces County, Texas, a 1-gigawatt site designed around Nvidia's DSX reference architecture, according to …