The S&P 500’s recovery off the lows is all about the return of the AI trade
The S&P 500 is about 1.4% off the lows as of 2:00 p.m. ET. If the benchmark gauge is going to cleanly hold its 200-day moving average (which roughly marked the trough so far today), then today’s leade...
Goldman Sachs sounds the alarm on Nvidia and the Magnificent 7
Ever since DeepSeek roiled markets , the AI trade vibes have oscillated between “it’s so over” and “we’re so back.” Put Goldman Sachs firmly in the former camp amid another dreadful session in which ...
Anthropic’s new fundraise gives it a $61.5 billion valuation
AI startup Anthropic announced today that it successfully raised an additional $3.5 billion, giving it a valuation of $61.5 billion. The company, which developed the “Claude” series of AI models, said...
OpenAI’s ARC de Triumph
OpenAI’s Sam Altman thinks that the upcoming GPT-5 AI model will be smarter than him . Emphasis ours: “I don’t think I’m going to be smarter than GPT-5. And I don’t feel sad about it because I think i...
OpenAI’s Altman: Good news: GPT-4.5 has been released! Bad news: It’s huge and expensive
A few weeks ago, CEO Sam Altman announced a “ roadmap update ” for OpenAI’s upcoming AI model releases, to address how confusing the company’s model and product offerings have become. Today, the compa...
Amazon’s planning to launch a generative-AI-infused “Alexa+” subscription to reboot its devices division
announced a major update to its Alexa digital assistant on Wednesday, introducing “Alexa+,” a subscription-based service powered by generative AI that will roll out next month. The new Alexa will feat...
Microsoft is the latest to offer users free, more powerful AI
Every day it seems like AI is getting freer and more powerful for normies. Today, announced that users of its AI assistant Copilot would have free, unlimited access to both its Voice and Think Deeper...
Chegg sues Google over its decline
ChatGPT grievously wounded , but the education tech company also thinks Google Search’s AI summaries are to blame for kneecapping its traffic and revenue. On Monday, Chegg filed suit in federal distri...
The new age of ad-supported AI, brought to you by DeepSeek
DeepSeek’s splash onto the scene with a lower cost and comparable AI model last month caused a moment of reckoning for the industry. While major competitors haven’t yet reversed course on their huge A...
DeepSeek to make its open-source models more open, potentially pushing Meta, Baidu, and OpenAI to do the same
DeepSeek, the free and open-source AI company that’s pushed some of its competitors to make their models free , is now potentially pushing them to be even more open, Bloomberg reports . The Chinese st...
Microsoft boasts of a quantum chip that uses a new state of matter. Investors don’t care.
It’s being billed as a “breakthrough,” a “pivotal moment,” and a “transformative leap toward practical quantum computing” by Microsoft. In a blog post, ’s vice president of quantum hardware, Chetan Na...
Perplexity claims to have purged Chinese censorship and propaganda from its new DeepSeek clone
When DeepSeek R1 was released, it shocked the AI world . A small group of Chinese developers had trained a model that matched the performance of OpenAI’s state-of-the-art models, and they say they did...
OpenAI alumni startups take shape
During the fall of 2024, OpenAI was shedding executives at an alarming rate. Since then, two of the most prominent alumni have been building up their new startups, and both are making news. Mira Murat...
Nvidia has almost recovered all of its DeepSeek losses
A whopping $593 billion worth of market capitalization was wiped from in a single day in January, as doubt turned to fear and fear turned to panic over the sudden emergence of Chinese AI chatbot Deep...
Musk’s xAI is the latest to claim its new model is better than OpenAI’s
Another day, another AI model that’s supposedly better than that of industry leader OpenAI. This week, xAI, which shares a CEO and a close relationship with , released its flagship model Grok 3, which...
Baidu offers its chatbot for free as OpenAI’s pay model gets more complicated
OpenAI’s product road map and pricing structure is getting more complicated . Over in China, says it will offer its Ernie AI chatbot for free to individual users starting in April. Previously, users ...
Sam Altman lays out a confusing product road map for OpenAI
Let’s take a look at OpenAI’s current product lineup: ChatGPT 4o ChatGPT 4o (with scheduled tasks) ChatGPT 4o-mini OpenAI o1 OpenAI o3-mini OpenAI o3-mini-high GPT-4 Deep research Operator Sora 1-800-...
JPMorgan’s options trades for a world of Chinese AI outperformance
The equity derivatives strategists at JPMorgan have a plan to benefit from a new phase of the AI trade in which Chinese companies downstream from the picks-and-shovels semiconductor firms pull away fr...
ChatGPT isn’t eating Alphabet’s lunch
For all the hype around OpenAI’s ChatGPT, which released a live web search function to compete with Google last fall, way fewer people are using it than Google, according to a new report from Bank of...
Google is the latest to praise — and criticize — DeepSeek
During earnings call last week, CEO Sundar Pichai was mostly effusive about DeepSeek , the Chinese company whose AI model has upended much of what American AI firms thought was possible for the price....