Finance news

OpenAI exec Fidji Simo says she's stepping down due to chronic illness, will transition to advisor

Fidji Simo stepped away from OpenAI in April for a medical leave, says she now has to focus on recovery.

New Fed task force members share Chairman Kevin Warsh's embrace of AI

The three members of a task force advising the Fed on artificial intelligence are strong proponents of the technology.

Where Jim Cramer stands on SK Hynix's massive offering

CNBC's Jim Cramer said SK Hynix looks remarkably cheap, but warned that buying it is a bet that the AI-driven memory boom won't end like previous cycles.

How much frontier AI traffic comes from other AI models trying to train on them?

How much frontier AI demand is genuine end-user usage? I just had a horrible sinking feeling. How much AI demand is just other AI companies using other frontier models to train or distill their own systems? This could make revenue and compute demand look stronger than they really are. submitted by /u/Former-Importance-21 [link] [comments]

A junior employee saved this company six figures using AI. Here’s how.

“Some of the best ideas can come from anywhere in the organization.”

Meta’s stock rebounds as agentic AI coding and custom chips ease spending fears

Shares of Meta rallied on Thursday following the launch of a new AI model and reports of a big custom-chip milestone.

A slower AI payoff risks tipping the economy into recession, Apollo says

Growing threats from China and falling token prices may put AI financials at risk.

Artificial Intelligence: The Great AI Frustration – Why more and more customers are rebelling against OpenAI and Anthropic

The two companies have long dictated prices. Now customers are fighting back – with new technologies, alternatives from China and the realization that a person is sometimes cheaper.

Artificial intelligence: “Surcharge for Anthropic and OpenAI”: This is how companies keep their AI costs under control

Spending on artificial intelligence is increasing rapidly - but few companies know exactly what they are paying for. Four principles help to keep an overview and control budgets.

Citi's AI Robotics Picks: Rockwell, Emerson, Honeywell Lead the List

Citi's Robotics & Physical AI Leadership Conference wrapped up on Tuesday. The annual Citi Research event brings together robotics founders, investors, operators, and industry executives to assess the state of "physical AI." Analyst Heath Terry summarized the key takeaways Wednesday morning, painting a picture of the robotics industry moving from proof of concept to commercial deployment, while warning that scaling robots remains challenging. "Labor shortages, reshoring, and favorable regulatory

The AI disinformation gap the Pentagon may be missing

“The Pentagon is building a better mousetrap while the mice are rewriting the blueprint for the house,” argues this analyst.

Meet Biomni: the free powerful biomed AI agent turning data into hypotheses

A Stanford University-led team including two Chinese researchers said they built the first general-purpose biomedical AI agent capable of working alongside human scientists, taking on complex tasks that once required groups of specialists. Jure Leskovec, a Stanford computer science professor who supervised the work, said the agent had been released as an open-source system with a web interface so that biologists could use it without writing code. “We have over 10,000 scientists all over the...

Palo Alto CEO Arora says AI pricing needs to fall 90% as token costs skyrocket

Palo Alto Networks CEO Nikesh Arora said high token costs could prevent businesses from adopting artificial intelligence at scale.

AI: Media companies blame OpenAI in copyright dispute

Several newspapers accuse the company of withholding important evidence. These could probably show that ChatGPT works with the help of copyrighted message texts.

These 10 states are best positioned to land AI data center deals despite rising public opposition

These ten U.S. states have the best infrastructure to win future AI data center deals despite rising public opposition.

Why China is finally letting AI firms buy the Nvidia H200

For months, the United States and China have been locked in an unusual stand-off over cutting-edge chips – the building blocks of the artificial intelligence industry. In early 2026, Washington took the rare step of approving Nvidia’s H200 graphics processing unit for export to China, but Beijing has deliberately restricted Chinese firms from purchasing them as it pursues a tech self-sufficiency drive. Now, however, China’s stance is beginning to change, as the government plans to let selected..

Meta jumps into AI coding market in effort to chase Anthropic and OpenAI

Meta is upgrading its Muse Spark artificial intelligence model under the leadership of AI chief Alexandr Wang.

The U.S. and China are today’s leaders in AI. These countries could be the next-stage champions.

Economists at Bank of America spotlight South Korea and the United Arab Emirates as likely to gain from both the build-out and adoption of artificial intelligence.

How AI could help Hong Kong taxi drivers find customers on the streets

Hong Kong taxi drivers will be able to identify streets with high rider demand using a big data prediction model powered by artificial intelligence (AI) as soon as mid-2027, according to a cab payment start-up and a university that developed the system. The StreetSights system is the result of a collaboration between Dash and the Hong Kong University of Science and Technology, which said on Thursday that their interim research results were up to 90 per cent accurate in forecasting demand and...

The 10K AI Blunder !!!!!!!

Ran a small-cap industrial supplier's 10-Q through AI before earnings instead of reading it myself. Asked about their debt maturity schedule. Got a clean answer: current portion manageable, nothing due soon. Held the position. Two months later, stock dropped 40% on a liquidity crunch. Reread the filing myself. Page 61, a table with several debt tranches stacked by maturity date. The AI had read down the wrong column, pulled a later date instead of the one actually due that quarter. Not a halluci

US-China AI war boils down to a contest over electricity

The proliferation of artificial intelligence models and the increasing parity in their performance suggest they are becoming a commodity. Soon, AI services will be priced by cost rather than the uniqueness of their model. With electricity the main cost of the services, the AI war between China and the United States is turning into a straightforward contest over electricity output and price. Open-source AI models are sprouting up like bamboo shoots in China. The American AI community has argued..

Taiwan's exports rise nearly 50% in first half as Lai builds 'AI island'

Why AI race with US is a ‘knockout game’ China cannot afford to lose

China must fundamentally overhaul its innovation ecosystem or risk losing its technological sovereignty and national security in an existential AI “knockout game” with the US, an academic based in Chinese tech hub Shenzhen has warned. Huang Ping, assistant dean of the Chinese University of Hong Kong (Shenzhen)’s school of public policy, said the country must strongly back open-source artificial intelligence (AI) to counter costly, closed-source American models and their market dominance. China..

What AI companies want for the millions they're spending on elections

Lawmakers are working on AI legislation — and two major industry PACs are each pushing for their own version of regulation.

‘Token economy’ emerging as AI use soars in China, experts tell conference

Chinese tech industry experts say the rapidly increasing use of AI tokens is giving rise to a token-based economy, with the tiny units underpinning artificial intelligence services evolving beyond a technical metric and into the basis for delivering and pricing AI services. “The [Chinese] digital economy has gone through the stages of the data economy and the computing economy. Today, the token economy is emerging,” Yin Hao, an academician at the Chinese Academy of Sciences, said on Wednesday...

Hong Kong's Mideast pivot and China's AI persona woes

AI and economy fuel stress for 40% of DSE candidates: Hong Kong youth group poll

Fewer Hong Kong university entrance exam candidates reported high stress levels compared with last year, but nearly 40 per cent cited artificial intelligence (AI) and the economic outlook as their top sources of stress, a survey has found. Releasing the findings of its “Further Education Planning Survey” on Thursday, the Hong Kong Federation of Youth Groups attributed the pressure to concerns that AI would increasingly replace entry-level jobs. The poll surveyed 1,241 secondary students,...

Chinese AI labs pursue custom chips to lower costs but heavy upfront investment a risk

Chinese AI labs are increasingly pursuing proprietary chips, mirroring a global trend towards software-hardware integration, but industry insiders and analysts warn that the strategy carries risk due to the massive upfront investments required. “The core motivation for choosing in-house chips lies in pursuing [greater] hardware-software synergy and lowering long-term operating costs,” said Arisa Liu, chief director and research fellow at Taiwan Industry Economics Services. Paul Triolo, a partner

$130 Billion in AI Data Centers were Just Blocked. Where Does the AI Boom Go Now

In September, Google walked away from a $1 billion data center outside Indianapolis, pulling its Franklin Township proposal minutes before the city-county council was set to vote it down. It wasn’t an isolated incident. Communities across the United States have now blocked or delayed more than $130 billion in AI data centers in the first three months of 2026, refusing projects the industry's biggest names assumed they could build anywhere. This is the problem Bitzero (Nasdaq: AIBZ) spent the las

Pick and Shovel AI Investing

Of course everyone knows that investing in GPUs and memory make sense when investing in AI. I feel like other pick and shovel industries haven’t yet seen the boom though like Power Generation, Electrical Equipment, and Cooling Technology. I’m curious if anyone has researched these industries and might have more insight into which companies could be the leaders in these technologies and might see the next wave of a boom? submitted by /u/0dojob0 [link] [comments]