Palantir CEO Alex Karp speaks during an interview on July 27, 2026 in New York City. John Lamparski | Getty Images Palantir stock rocketed 27% higher on Tuesday after the company reported “otherworldly” second-quarter earnings driven by customer demand for AI sovereign tools. The enterprise software giant reported a 93% growth in overall revenue to…
For months, I have been after Amazon CEO Andy Jassy to give us “line of sight” into something that can explain why they’re is spending so much money building out all of these data centers. I wanted to know if this is just some sort of rainbow without a pot of gold, or whether there…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
Almost four years into the artificial intelligence boom, the world’s biggest tech companies are still making grand promises about the future. The problem is, they’re burning through their cash in the process. AI spending among the megacaps is projected to reach $765 billion this year, before rising to nearly $1.2 trillion in 2027, according to…
Leopold Aschenbrenner Photo: Josh Edelson Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly. In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI researcher positioned himself as a kind of prophet for the coming age of artificial super…
The battered $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is unwinding many of its trades after big losses on artificial intelligence stocks and a bad bet against software stocks left it scrambling to raise cash, according to people familiar with the matter. The prime brokers for the fund, Situational Awareness, have…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. The success of Gen Z protests in India has handed a surprise victory to Mark Zuckerberg’s Meta, cementing its position as the most influential…
Andy Jassy, President and CEO of Amazon, Mark Zuckerberg, CEO of Meta and Satya Nadella, CEO of Microsoft. Noah Berger | Manuel Orbegozo | Reuters | Peerapon Boonyakiat | SOPA Images | Lightrocket | Getty Images Alphabet had long been Wall Street’s favorite hyperscaler due to its expertise in converting high capital expenditures into revenue….
Nvidia and a host of tech giants on Monday launched a new AI safety initiative focused on open models, as the fallout from a cyber attack committed by a rogue OpenAI model continues. Last week, it emerged that the target of the attack, startup Hugging Face, was unable to use leading U.S. frontier models to…
Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to J.P. Morgan Asset Management. The firm’s “Guide to ETFs,” which came out this month, finds it’s a top five theme by assets under management — even as volatility hit the group in the second quarter. “Many [themes] are morphing…
