Megacap tech and the AI trade power US stocks to fresh records
The Magnificent 7 and most stocks in the AI ecosystem (with the exception of Nvidia) did the lion’s work in propelling the S&P 500 and Nasdaq 100 to another day of record closing highs. The benchmark ...
OpenAI and Microsoft reach agreement that moves OpenAI closer to for-profit status
In a joint statement, OpenAI and announced a “non-binding memorandum of understanding” for their renegotiated $13 billion partnership, which was a source of recent tension between the two companies.
Apple AI was MIA at iPhone event
Yesterday’s “Awe Dropping” launch event, which rolled out the refreshed iPhone, the new iPhone Air, and Apple Watch lineup, included plenty of the usual hallmarks of an slickly produced Apple launch....
Report: Microsoft adds Anthropic alongside OpenAI in Office 365, citing better performance
In a move that could test its fraught $13 billion partnership, is moving away from relying solely on OpenAI to power its AI features in Office 365 and will now also include Anthropic’s Claude Sonnet ...
Broadcom rallies on report that OpenAI is the new key customer that’s boosting its 2026 revenue outlook "significantly"
shares were as much as ~9% higher in early trading on Friday after the Financial Times reported that OpenAI is set to produce its first AI chips in partnership with Broadcom — seemingly confirming the...
Apple closes near session highs after report it’s planning an AI web search tool like ChatGPT
Shares of closed near session highs, getting an extra jolt near the end of the trading day following a report from Bloomberg that the iPhone maker is planning on launching its own AI-powered search t...
US stocks stumble to start September with another day of AI names dumped
The global sell-off in long-term government bonds weighed on risk assets on Tuesday, accentuating the pullback in the AI trade seen in the final trading day of August. However, stocks did manage to cl...
Anthropic raises $13 billion, now valued at $183 billion
Anthropic, the startup behind the Claude AI chatbot, said it has completed a $13 billion round of fundraising.
Musk’s xAI sues former employee, alleging theft of trade secrets
Elon Musk’s xAI has filed suit in Northern California federal court against a former engineer, alleging that he stole trade secrets from the company just before leaving for a job at OpenAI. Xuechen Li...
More details emerge of rocky start to Meta Superintelligence Labs
This week, Wired reported that things weren’t exactly humming along in Mark Zuckerberg’s AI all-star-packed Superintelligence Labs, with some recent hires leaving the company after just weeks.
Federal workers will now get Grok’s AI chatbot, too
Earlier this month a number of AI companies, including OpenAI , , and Anthropic , announced partnerships with the US government wherein federal workers would get access to their respective chatbots fo...
Alibaba misses on overall revenue and earnings, but AI sales were higher than expected
is up 4% in premarket trading today on results for the first quarter of its 2026 fiscal year, where the company missed on earnings and revenue expectations, but beat estimates for its all-important cl...
Facing a key year-end deadline, OpenAI negotiations with Microsoft might drag into 2026
If OpenAI doesn’t complete its conversion to a for-profit public benefit corporation by the end of the year, it may lose out on a $10 billion investment. With that crucial deadline racing toward us, ...
Three recent Meta Superintelligence Labs hires have already reportedly left
At least three AI researchers hired to join Superintelligence Labs have already left, according to a report from Wired. Meta CEO Mark Zuckerberg went on an unprecedented hiring spree seeking to lure ...
Apple has reportedly considered buying Mistral AI and Perplexity
The chorus of voices urging to make a major AI acquisition to rectify its lagging position among its peers is getting louder, and it appears that Apple is at least listening. Apple executives have d...
Wall Street is gearing up for a monster earnings report from Nvidia
Ever since unofficially kicked off the AI boom in May 2023, we’ve tended to see a predictable routine among Wall Street analysts once every three months: Get blown away by the chip designer’s quarter...
Elon Musk makes good on threat to sue Apple, claiming OpenAI bias in the App Store
and xAI CEO Elon Musk is suing and OpenAI in federal court, accusing the iPhone maker of unfairly favoring the ChatGPT maker on its phones. Apple and OpenAI have a partnership that integrates ChatGPT ...
Google rises on report Apple is considering using Gemini AI to power Siri
Another day, another AI model is considering to power its next generation of Siri. Today, Bloomberg reports that Apple is in early discussions with to use Gemini for that purpose. Both companies’ st...
ChatGPT has been using Google Search
They say it takes a village to raise an AI. Many consider OpenAI’s ChatGPT to be an existential threat to core Search business, as people turn to the chatbot rather than Google. It turns out, OpenAI...
Tesla CEO Elon Musk asked Meta CEO Mark Zuckerberg to help buy OpenAI
When Elon Musk, the CEO of a combined social media and AI company (xAI), unsuccessfully tried to buy OpenAI earlier this year, he turned to Mark Zuckerberg, the CEO of a combined social media and AI c...