News
SoftBank’s $40 billion unsecured bridge loan for OpenAI has drawn 21 new lenders, including First Abu Dhabi Bank, GIC, and Standard Chartered. The March 2027 maturity is widely seen as a signal that OpenAI’s IPO is imminent.
News
Apple’s trade secret lawsuit against OpenAI names a former executive and could delay the AI giant’s hardware launch and IPO timeline. The market is watching closely.
News
Alphabet shares slid 2.17% Friday after reports that its flagship Gemini AI model is falling behind schedule, adding fuel to a growing market debate over whether Big Tech’s massive capex binge is building real capacity or just paying more for the same.
News
Micron Technology (MU) is the bellwether for the AI trade, and Wall Street is trying to model peak earnings if the cycle has legs. The stock whipsawed nearly 12% on Friday, closing at $848.95.
News
Meta faces a dual assault: a class-action lawsuit from employees alleging its AI system unfairly targeted them for layoffs, and a revolt from advertisers over AI ad tools generating bizarre, brand-damaging content. The stock edged up 0.33% to $658.92 as the market digested the news.
News
Big bank earnings kick off Tuesday, with investment banking fees from the SpaceX IPO expected to fuel a blockbuster quarter. Meanwhile, tech stocks are under pressure as the AI-bubble debate reignites.
News
Meta shares surged roughly 15% last week, their best weekly performance since early 2024, fueled by a flurry of new AI models and news that its in-house "Iris" chip will enter production in September.
News
Anthropic is expanding its AI agent Claude Cowork from desktop to mobile and web, with cloud-based sessions that let users pick up tasks across devices. The strategic shift from a coding tool to an all-purpose office assistant comes as the Microsoft-backed startup moves closer to a…
News
Palantir (PLTR) jumped over 2.5% after hours after teaming up with Nvidia on a national security AI alliance. The company also inked a seven-year strategic partnership with Zeta Global.
News
Meta is reportedly in final negotiations with Anthropic for a private cloud instance deal that could be worth roughly $10 billion, while Anthropic also explores a custom chip partnership with Samsung. META shares dropped nearly 5% in after-hours trading.