Elon Musk told SpaceX employees that AI revenue could overtake rockets, spacecraft and Starlink as soon as September, according to Business Insider. In Q2, SpaceX generated $7.81 billion in revenue, w…
Anthropic will stage an IPO in October at a predicted valuation of $2 trillion, making it the largest public offering ever, surpassing SpaceX, according to the Financial Times. Investors told the pape…
Zoom patched CVE-2026-53413, a zero-click remote code execution flaw in its screen annotation feature that allowed any meeting participant to take over other participants' devices without user interac…
Meta CEO Mark Zuckerberg published a 6,500-word manifesto on spreading AI benefits, joining a trend of lengthy essays by tech leaders like Anthropic CEO Dario Amodei's 13,000-word piece, but communica…
India's Ministry of Power now projects AI data centers will add 26.3 gigawatts of power demand by fiscal year 2032, nearly double its March estimate of 13.56 GW, raising concerns about grid reliabilit…
The S&P 500 closed at a record 7,757.64 after tame July CPI data, but Cisco Systems Inc. shares fell 4.6% to $118.18 in after-hours trading despite record fiscal Q4 revenue of $17.3 billion, as the co…
Anthropic's backers are positioning for a public valuation of $2 trillion or more, with an October IPO in view, according to the Financial Times. The company raised $65 billion in a Series H round at …
Google's Gemini app has surpassed 1 billion monthly active users, according to Sundar Pichai's August 11 post on X, making it Google's fastest-growing consumer product and its 14th to reach the milest…
XAI President Michael Nicolls admitted in an internal memo that the company is clearly behind rivals, with Model FLOPs Utilization at about 11% and a target of 50% in the next few months, according to…
The European Union's AI Act transparency rules became enforceable on August 2, with regulators beginning active enforcement on August 12 and 13, requiring all chatbots, deepfakes, and AI-generated con…
Canva slashed its 2026 growth forecast after AI costs exceeded expectations, according to a report from BusinessWorld. The company, which has 265 million monthly users and $4 billion in annualized rev…
A German research team from the ELLIS Institute Tübingen and the Max Planck Institute for Intelligent Systems has demonstrated a simple replay attack that extracts hidden reasoning traces from proprie…
Canva cut its expected revenue growth rate by a third to 20% after the high cost of delivering AI features prompted a slowdown in its rollout, CEO Melanie Perkins told Fortune. Perkins said user deman…
Copper prices hit record highs above $6.85 a pound and nearly $14,500 a tonne on the London market, driven by weak mine output in Chile, policy risk in Congo, and an AI buildout that requires copper f…
Nvidia has invested roughly $53 billion across about 170 AI deals since 2020, including OpenAI, CoreWeave, and Nebius, and is now working with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs,…
Global AI spending is projected to reach $2.5 trillion in 2026, a 44% increase, prompting CIOs and CTOs to cap AI usage and retrain staff on cheaper models. Samsara CIO Stephen Franchetti has capped u…
Nvidia announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create financing platforms aimed at mobilizing more than $500 billion for AI infrastructure, wit…
OpenAI CEO Sam Altman said at the Internapalooza Conference last month that he was 'peer pressured and tricked' into accepting a Goldman Sachs internship during his sophomore year but turned it down t…
Billionaire Michael Saylor, founder of software firm Strategy, pushed back on Elon Musk's prediction that AI will make money irrelevant, arguing in a Diary of a CEO interview that people will always s…
The New York City Council is investigating the advertising practices of Polymarket, Kalshi, Coinbase Global Inc., and Gemini Space Station Inc.'s Titan platform over concerns about false or deceptive …