Tech and finance firms are cutting thousands of jobs monthly while increasing AI spending, with Oracle cutting 21,000 jobs and AI cited as the top reason for layoffs for three straight months. Goldman…
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…
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…
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…
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…
The IMF, BIS, and Bank of England have warned that leveraged AI investments pose systemic financial risks beyond inflated valuations. Record margin debt and leveraged ETF growth have created condition…
Apptronik opened a 90,000-square-foot Robot Park in Austin where its Apollo humanoid robots practice warehouse tasks, with most sessions still guided by human operators. The facility, described as a d…
The Bank of England is warning that autonomous AI trading agents could trigger a market crisis by herding into identical decisions at machine speed, turning manageable stress into systemic collapse. D…
Investors are dumping BPO stocks like Teleperformance and Concentrix, betting that AI will disrupt the call center industry. Teleperformance shares fell 29.3% after Klarna disclosed its AI assistant r…