Eli Lilly invested $40 million in Absci, a generative AI drug company, to develop ABS-201, an injectable antibody for baldness and endometriosis. The deal, part of a $100 million stock offering, aims …
The Supreme Court affirmed birthright citizenship under the 14th Amendment, rejecting Trump's executive order. Research estimates beneficiaries will contribute $7.7 trillion to the U.S. economy over t…
Goldman Sachs strategists have turned bullish on European equities, citing surging hyperscaler capital expenditure that they now estimate at $754 billion for 2026. The bank argues that European indust…
Nvidia, now the world's most valuable company at $4.8 trillion, requires employees to pay for subsidized cafeteria meals and some drinks, contrasting with free-perk policies at rivals like Google. CEO…
Abu Dhabi's MGX has closed a roughly $50 billion fund to invest in AI infrastructure, semiconductors, and core AI technologies, with commitments from sovereign wealth funds and global investors. The f…
ITG Inc., an Oaktree-backed infrastructure builder, raised $312.2 million in its Nasdaq IPO but priced shares at $16, below the $19-$22 range, as investors discounted the company despite the AI infras…
Anthropic released Claude Sonnet 5 on June 30, 2026, offering near-Opus performance at significantly lower cost, scoring 63.2% on SWE-bench Pro and 1,618 on GDPval-AA v2. Priced at $2 per million inpu…
South Korea's approval of single-stock leveraged ETFs on Samsung and SK Hynix triggered a $6 billion forced selling event on June 23, wiping nearly 10% off the Kospi and sending Nasdaq futures tumblin…
Google launched Nano Banana 2 Lite on June 30, 2026, a text-to-image model that generates 1K-resolution images in four seconds at $0.034 per image, embedding it across Search, Google Ads, NotebookLM, …
PJM Interconnection, the largest US power grid, has begun curtailing data centers during heat emergencies after receiving federal approval, signaling the end of unlimited power access for AI infrastru…
EquiLibre Technologies, a Prague startup founded by former DeepMind researchers who created the poker AI DeepStack, raised a $500 million Series A led by Creandum. The company uses reinforcement learn…
Etched, a Cupertino-based chip startup founded by Harvard dropouts, emerged from stealth with a working transformer-specialized chip called Sohu, $800 million raised, and over $1 billion in signed cus…
ForthWrite founder Curtis Boortz launched an AI email-writing Chrome extension that trains on users' sent mail history to build a personal voice model, distinguishing it from general-purpose tools lik…
Dell's AI server sales surged, driving revenue past expectations and boosting Michael Dell's net worth to $217 billion, but gross margins dropped 26% since February 2025 as AI now accounts for 37% of …
Bending Spoons, the Milan-based acquirer of AOL, Evernote, Vimeo, and WeTransfer, priced its Nasdaq IPO above the $26-$28 range at a valuation of roughly $19 billion, driven by strong demand from Wall…
Anthropic's Mythos AI model was reinstated by the Trump administration for limited release to over 100 U.S. institutions after a two-week block, while OpenAI's GPT-5.6 lineup faced similar restriction…
Schneider Electric acquired Cognite for $3.1 billion in late June 2026, marking the largest Norwegian software exit. The deal gives Schneider ownership of Cognite's industrial data platform, which con…
X launched a hosted Model Context Protocol (MCP) server on June 30, 2026, exposing over 200 API endpoints to AI tools like Claude, Cursor, and Grok, enabling AI agents to natively interact with the pl…
The Trump administration designated Anthropic a national security supply-chain risk, banned federal agencies from using its products, and forced it to pull its newest AI model after the company refuse…
AI chip startup Etched disclosed that quantitative trading firm Jane Street and a TSMC-linked venture firm are among its backers, signaling confidence in its transformer-specific chip. The company, wh…