Finance news

This little-known AI stock has beaten Micron and Arm this year, and now it’s extending its lead

Rackspace shares are surging Tuesday following a new deal with AMD.

Europe rearms: Battle management, counter-UAS, and real AI at the edge

[Sponsored] Mapping Europe’s modernization from the Eastern drone wall to actual artificial intelligence resident in tanks.

The new oil? Inside the effort to turn AI computing power into a tradeable commodity

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.

China’s AI outpaces global rivals but trails in trust, survey shows

Many people believe Chinese artificial intelligence models are leading the global tech race – even in countries considered key US allies – according to a new poll by the London-based consultancy Public First. However, the poll also revealed that China lags in trust regarding its AI models. The survey, which covered over 18,000 people across 15 countries, found that respondents from 11 nations acknowledged China’s AI leadership. These included Canada, Britain and France, where at least 40 per...

SoftBank launches OpenAI cybersecurity in Japan as US restricts rival model

Hong Kong Science Park, SenseTime partner to build home-grown AI data centre

The Hong Kong Science and Technology Park (HKSTP) and SenseTime, a Chinese artificial intelligence firm headquartered and listed in the city, have partnered to build a home-grown AI data centre by 2030 to support the sector’s industrialisation. The data centre will be built in three stages, with phase one expected for completion by the end of this year, targeting 40,000 petaflops – a measure of computing power used to train AI models – by 2030, the HKSTP said on Tuesday. Terry Wong Ping-sau,...

The AI ‘bottleneck trade’ has run its course, says this hedge-fund manager and early SpaceX investor

One hot AI trade that is starting to wind down is the “bottleneck trade,” says Altreides Management managing partner Gavin Baker

To be America's Top State for Business in 2026, 'speed to market' wins

CNBC’s 2026 America’s Top States for Business rankings is a race as companies chase record investments in AI and defense in deciding where to locate.

Alibaba eyes physical world with its first suite of AI models for robots

Alibaba Group Holding has launched its first suite of artificial intelligence models for robots, joining a global race to move AI out of chatbot windows and into the physical world. The Hangzhou-based tech giant on Tuesday introduced the Qwen Robot Suite, marking its latest foray into “embodied AI” – machines that can perceive, reason and interact with physical environments. Developed by Alibaba’s AI research unit, Tongyi Lab, the suite has already entered pilot testing with selected Alibaba...

Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices

Qualcomm CEO Cristiano Amon said he is bullish on smart glasses which could eventually become as big as the smartphone.

Could a diamond wafer as wide as a basketball be China’s trump card in AI race?

When Harbin Institute of Technology (HIT) held its 11th group wedding for doctoral students on May 31, each of the 187 newlywed couples was presented with a one-carat diamond ring, with the diamonds grown in the university’s laboratory. The gems were developed by Zhu Jiaqi and his team from HIT’s School of Astronautics using a technology that in theory could produce high-purity, single crystal diamonds of any shape and size – from wedding jewellery to a wafer as wide as a basketball. Known as...

Chinese ‘CEO in a school uniform’ builds, exports drones, funds start-up by waiting tables

An enterprising 19-year-old student in China heads a start-up tech company and is also a philanthropist who donated 100,000 yuan (US$15,000) to sanitation workers at his school. Wei Siyuan graduated from Baoan Middle School in Shenzhen, southern China’s Guangdong province, last year and was admitted to Hunan University. He also has another identity: the chief executive officer of a company that develops unmanned aerial vehicles and artificial intelligence (AI) powered equipment. As a result, he.

AI Wars: Why Microsoft, Google and Amazon Are All Fighting Over Power

In March, Microsoft, Google, Amazon, Meta, OpenAI, Oracle, and Elon Musk’s xAI joined President Trump at the White House. Together, they signed a document that will reshape how AI’s biggest companies operate for years to come. They committed, in writing, to pay for every megawatt of new electricity their AI projects will require and to cover all of the grid infrastructure those projects depend on. In short, the seven biggest names in tech told the President they would pay whatever it costs to ke

How are institutional investors buying SpaceX at the absurd valuation?

How are they gobbling up everything elon musk promises spacex will do? such as their AI promises, etc etc. Like, what stops me from making a company, and promising that it will reach a total addressable market of 30 trillion, because i will be selling oxygenated air in bottles, and well, if people pay for water, they can pay for oxygen too. And then i will own like billions of shares of this company and go public, but only offer like 10 shares to the public, so they can fight over it, and increa

CNBC's The China Connection newsletter: Waiting for AI to lift the whole market

China's economy sees a lift from artificial intelligence-related industries, while real estate and domestic demand remain lackluster.

RDDT is insanely under valued, Price Target: 428

For full-year 2026, this fiscal year, Reddit is projected to have $1.02 billion in net income and $3.23 billion in revenue. Let’s strip out the current AI deal of $100 million and assume a 30% tax rate. That would bring net income to about $995 million, giving them margins of 32.5%. Let’s say growth slows down to 45% (Which I don't think it will), which is well below what they are currently growing at. That would bring revenue up to $4.6 billion. Applying a 32.5% margin gets you $1.495 billion i

Foxconn, Schneider Electric team up in AI data center equipment

Nvidia plans to raise at least $20 billion in first debt sale since start of AI boom

Nvidia is set raise capital in a debt sale for the first time since 2021, when the chipmaker was a fraction of its current size.

How the Commerce crackdown on Anthropic could impact the Pentagon: Experts

By imposing export controls on the bug-hunting AI Mythos/Fable 5, the Commerce Department has complicated the Pentagon’s already fraught relationship with Anthropic.

US judge dismisses Elon Musk’s xAI trade secret lawsuit against OpenAI

A federal judge on Monday dismissed a lawsuit by Elon Musk’s artificial intelligence company, xAI, that accused rival Sam Altman’s OpenAI of stealing ‌trade secrets for chatbots. US District Judge Rita Lin in San Francisco, California, said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li, a Chinese national, to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li might have disclosed any. Lin ‌dismissed the case with...

JX Advanced Metals to raise optical chip wafer capacity for AI data centers

The Case Against Government Buying Into the AI Giants

When Bernie Sanders and Donald Trump agree on something, that agreement deserves examination. Both are touting the idea that the federal government should have an ownership stake in major artificial intelligence (AI) companies. For Sanders, this would be a way for the American people to share in the wealth generated by AI companies that those companies accumulated through the theft of other people's writing, artworks, photos, videos, and recordings. And it would give the government a seat at the

The chip-stock rally is back in full force — thanks to two big geopolitical developments

Iran peace prospects are spurring gains for riskier stocks, and Anthropic’s battle with the U.S. government could prompt a broadening of the AI buildout.

Even Nvidia is joining the AI borrowing spree, with a historic $20 billion bond deal

Nvidia is launching a seven-tranche debt offering to refinance its existing debt, as investor appetite for AI credit surges.

Anthropic to meet with Trump administration over Mythos dispute

Anthropic received an export control directive that ordered the company to suspend access to its latest AI models by any foreign national.

Salesforce to buy AI customer service platform Fin for $3.6 billion to boost agentic offerings

Businesses are accelerating their agentic offerings for enterprises as competition heats up.

Here’s the potential stock-market reaction from new restrictions on AI models

Semiconductors could selloff and software stocks could get a boost after the U.S. government cracked down on model releases from a major AI model, says UBS

ETF = AI cluster risk??

Hello everyone, a topic has been on my mind since the weekend that concerns the long-term logic of passive investing and I would like to hear some opinions on it. ​ On Friday, SpaceX (including xAI) went public and immediately exited trading with around USD 2.1 trillion. And OpenAI and Anthropic are already in the starting blocks with their billion-dollar IPOs; the S-1 applications have only just been submitted. I want to talk about the technology itself

Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs

Shares of Chinese AI model developer Zhipu surged as Wall Street banks raised bets on the company's ability to capture global AI demand.

France prepares Ukraine-inspired ‘kill web’ for battlefield awareness

The kill web will be part of the broader Arcadia AI-powered battlefield command and control structure, a top French commander said.