SoftBank's Vision Fund posted a $46 billion gain driven by its massive investment in OpenAI. Other companies like Fervo Energy, Cisco, and MUFG reported strong financial results, while Honda faced its first annual loss in nearly 70 years. Meanwhile, OpenAI is preparing for a public listing and is exploring potential legal action against Apple over the ChatGPT integration.
Massive AI infrastructure spending has turned most tech titans into cash burners, with Apple remaining the sole outlier maintaining positive free cash flow.
Read the full storyInvestors target a $2 trillion valuation for SpaceX's potential IPO, betting on the integration of its satellite dominance with emerging artificial intelligence initiatives.
Exclusive reports indicate Grok AI failed to gain traction with the U.S. government, challenging SpaceX's valuation and technological readiness ahead of its IPO.
South Korea's KOSPI surged over 7% as Samsung Electronics strike risks receded, while Nvidia's strong outlook fueled regional optimism for AI-driven semiconductor demand.
Oasis Management is leveraging its 13.76% stake to campaign against the reappointment of CEO Takeshi Natsuno at the upcoming annual meeting.
Renewable energy firm SB Energy has filed for a U.S. listing, seeking to capitalize on investor demand and expand its power infrastructure operations.
The AI startup expects its first operating profit in the June 2026 quarter, with revenue projected to reach $10.9 billion driven by rapid enterprise adoption.
OpenAI committed 300 million Singapore dollars to the local ecosystem, while Google expanded its cooperation into education, healthcare, and scientific research.
OpenAI introduced a new enterprise offering enabling businesses to reserve dedicated compute power through multi-year commitments to ensure stable access to AI infrastructure.
Meta Platforms offered rival AI chatbots like OpenAI limited free access to WhatsApp in Europe, with plans to charge fees after usage thresholds.
The 'Big Short' investor warns that massive inflows of junk-bond debt and venture capital into AI startups signal a potential market bubble.
A jury dismissed Musk's claims of breach of contract, ruling the lawsuit was filed past the statute of limitations and clearing OpenAI of liability.
Founded by former Meta engineers, the startup reached a $15 million revenue run rate within just 10 weeks of its launch.
Blackstone commits $5 billion to a new joint venture with Google to provide specialized AI compute-as-a-service using proprietary TPU hardware.
The historic $420 billion deal aims to consolidate power resources to support massive AI infrastructure expansion, focusing on the strategic Data Centre Alley region.
Sam Altman's OpenAI is gearing up for a potential public listing possibly later this year, following recent legal developments that strengthened the company's position.
Alphabet and Blackstone partner to create a U.S.-based AI cloud firm leveraging Google's proprietary chips and $5 billion in equity capital.
Leopold Aschenbrenner is pivoting $13.6 billion toward crypto miners, betting that their control over power and data centers is more critical than hardware for the next AI phase.
A California jury unanimously rejected Musk's claims of breach of trust, ruling that the legal filings fell outside the statute of limitations after brief deliberations.
Nvidia eyes record quarterly revenue of $79 billion this Wednesday as investors await updates on its ambitious $1 trillion data-center growth target.
Broadcom reached a historic $2.01 trillion market cap, surpassing giants like Tesla and Meta as global demand for AI infrastructure continues to drive record growth.
The Chinese tech giant reported a sharp profit decline and its fourth consecutive revenue drop, highlighting struggles to monetize its massive AI investments.
Arm Holdings is under investigation by the U.S. Federal Trade Commission regarding its semiconductor technology licensing and market dominance.
Japanese banking giant MUFG reported earnings per share of $0.34, beating analyst estimates of $0.24, driven by strong performance in commercial banking and asset management.
OpenAI explores legal options against Apple, alleging that the iPhone's ChatGPT integration failed to meet contractual user acquisition and subscription targets.
Cisco reported record quarterly revenue of $15.8 billion as AI infrastructure orders nearly doubled to reach $9 billion.
Anthropic agreed to a $30 billion funding round, catapulting its valuation past OpenAI to become the world's most valuable private AI firm.
Figma shares surged approximately 9% in premarket trading on Friday following an upward revision of the company's annual revenue forecast.
OpenAI is reportedly considering legal action against Apple, alleging that their ChatGPT integration failed to deliver expected user acquisition and platform visibility.
Investors are expected to accept a massive $1.75 trillion valuation for SpaceX as new details emerge regarding its potential IPO structure.
Cerebras stock officially began trading on the Nasdaq under the ticker CBRS, opening at $350 per share compared to its IPO price of $185.
OpenAI confirmed a data breach after hackers exploited open-source software vulnerabilities to steal data and distribute malware through malicious updates.
Cisco shares surged 14%, marking the stock's best daily performance in over twenty years.
Fiserv partners with OpenAI to develop specialized AI agents on its new agentOS platform, aiming to automate high-capacity operational workflows for financial institutions.
The Taiwanese chip giant upgraded its long-term market outlook by 50%, fueled by explosive demand for AI infrastructure and high-performance computing.
The U.S. has cleared approximately 10 Chinese firms to purchase Nvidia's H200 AI chips, marking a potential regulatory shift despite no physical deliveries being recorded yet.
Honda Motor Co. reported financial results that surpassed analyst expectations, despite booking a historic annual loss driven by massive restructuring charges.
The geothermal startup completed the largest energy IPO since 2013, raising $1.89 billion to meet the massive electricity demands of AI infrastructure.
Cerebras has officially launched its initial public offering, marking the largest IPO of the year so far.
A court filing disclosed that OpenAI's CEO holds significant personal investments in entities with business ties to his firm, sparking legal concerns over potential conflicts of interest.
Warren Buffett's Berkshire Hathaway increased its ownership in Sumitomo and Marubeni, leveraging low-cost yen-denominated bond financing for the expansion.
The AI startup is in early talks for a massive capital raise, with reports suggesting a potential initial public offering as early as October.
Rivian shares rose 4.2% on Wednesday following the successful closing of a funding round for Mind Robotics, the AI venture founded by Rivian CEO RJ Scaringe.
Alibaba stock climbed as accelerating momentum in cloud and AI segments outweighed investor concerns regarding heavy capital expenditure and mixed profitability.