Big tech is on track to spend $1 trillion on AI this year
Tech giants are on pace to double AI spending this year.
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OpenAI investors Nvidia and Oracle fall after AI giant misses revenue target: reports
One executive told employees that OpenAI may be unable to fund future computing contracts.
Shoemaker Allbirds suddenly says it’s an AI company… stock jumps 800%
The former shoemaker said it would pivot and rebrand itself “NewBird AI.”
Software stocks—Oracle, Intuit, more—fall as Anthropic’s latest Claude model fuels AI concerns
The Google- and Amazon-backed AI startup fueled a global selloff in software stocks earlier this month.
Netflix shares sink 6.5% in premarket after earnings—CEO talks up Warner deal
While Netflix’s earnings managed to beat Wall Street estimates, the company noted that increased spending on programming and the Warner deal could eat into profits.
Elon Musk closes in on US$800 billion net worth after XAI’s latest funding round
The world’s richest person added $62 billion to his fortune after private investors more than doubled the valuation of his AI and social media firm to $250 billion.
Elon Musk just became the first person ever worth $600 billion
The world’s richest person just hit another major milestone thanks to the soaring valuation of his rocket maker SpaceX.
Netflix ‘super confident’ in Warner Bros. deal after Paramount’s hostile bid
Netflix last week announced it would acquire Warner Bros. in a $83 billion deal.
What Australia’s wealthiest are doing with their money
Australia’s high-net-worth population is growing – fast – and the wealthiest of those saw their portfolios rise across 2025 despite episodes of volatility, a new LGT Wealth Management Report shows.
Why Sam Altman won’t be on the hook for OpenAI’s massive spending spree
OpenAI has gone wild with compute deals this year, committing to spend far more than its balance sheet can currently sustain. So who takes the fall if it can’t pay? It won’t be Altman.