Finance news

Adobe’s CFO is departing for Marvell. And it’s one more reason for investors to choose chips over software.

The software sector has struggled in recent months amid concern that software companies will struggle to survive in the AI era

Will OpenAI, Google, xAI (Grok), Anthropic, and Perplexity collaborate secretly on pricing?

Most of these companies will likely have access to almost "infinite" amounts of capital soon thanks to IPO, especially if the AI bubble turns out to be real. ​ What are your thoughts on pricing competition between these companies and will it cause lower margins and profitability issues ? Do you think Chinese AI companies can compete with them and push prices down, or will they struggle because of lower quality and concerns about data leakage? submitted by /u/KoseteBamse [link] [comments]

Today: Special episode: The COO of the ChatGPT developer OpenAI in an interview

Are we in an AI bubble? What return does OpenAI generate? And how will we use AI in the future? Handelsblatt editor-in-chief Sebastian Matthes asks Brad Lightcap, COO of ChatGPT developer OpenAI.

Ona: Why Open AI buys a Kiel-based AI start-up

Open AI takes over the Kiel start-up Ona. Its software is intended to strengthen the ChatGPT developer's coding offering. There are some lessons for Europe in the deal.

Elon Musk becomes world’s first trillionaire after SpaceX IPO

In a post on the social media platform he owns, Elon Musk recently lamented: “Whoever said ‘money can’t buy happiness’ really knew what they were talking about.” Now the world’s richest person can put that maxim to an even bigger test as he adds a new title: world’s first trillionaire. SpaceX shares opened at US$150 each, 11 per cent above their offering price after they began trading in New York on Friday, valuing the rocket and AI-company Musk founded at roughly US$2 trillion. His fortune now.

New SpaceX millionaires are reinventing the business of managing large wealth

Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.

AMD is seen as a CPU stock — but it’s gaining ground here, too

Wall Street is underestimating how much Meta will spend on AMD’s AI chips, a Citi analyst said.

Could the upcoming mega-IPOs create temporary selling pressure on the broader market?

Could the upcoming mega IPOs create temporary selling pressure on the broader market? I’m curious what everyone’s thoughts are on the potential impact of the upcoming IPO wave, particularly SpaceX, OpenAI and Anthropic. SpaceX has already completed what is being described as the largest IPO in history, while OpenAI and Anthropic have both moved toward public listings. Together, these companies could represent several trillion dollars in market capitalization and potentially require hundreds of b

Huawei is considering deploying Ascend AI chips in Latin America, cloud chief says

Huawei Technologies is studying whether to run its newest Ascend artificial intelligence chips inside its cloud and AI services in Latin America, a senior executive has confirmed, in a move that would push Chinese-designed hardware deeper into a region long courted by US suppliers. Mark Chen, president of Huawei Cloud Latin America, gave the confirmation in an exclusive interview with the South China Morning Post after his presentation at the Rio Web Summit, the technology and innovation...

SpaceX, Anthropic, OpenAI: The era of the giants

Three mega IPOs are keeping investors on tenterhooks this year. They are an opportunity for investors – and a warning signal for the stock markets.

Ukraine’s defense AI chief predicts ‘new paradigm’ of warfare

“The system that possesses more data and better understands that data, proposes solutions — that system will gain the advantage over the other."

US-China talks need to be ‘institutionalised’ to ease tensions in AI era: Haass

The United States and China should hold regular high-level meetings and deepen cooperation on emerging technologies such as artificial intelligence, as greater transparency is essential to avoid a downturn in relations, a veteran US diplomat has said. Richard Haass, president emeritus of the Council on Foreign Relations, said meetings between senior officials from Washington and Beijing should become routine, rather than being treated as “news”. “This is a relationship that needs to be...

Facing US chip curbs, China launches photonics lab to power AI with light

China has established a top-level laboratory in Shanghai dedicated to photonic computing as the country strives to bypass the power constraints and US technology curbs hobbling its ambitions in artificial intelligence development. The Shanghai Key Laboratory of Integrated Photonic Computing Chips and Systems, launched on Wednesday, was China’s first industry-academia platform dedicated to the field, Shanghai’s Jiefang Daily reported on Thursday. Zou Weiwen, director of the new laboratory and a..

The Nasdaq Changed Its Rules Weeks Before the Biggest IPO in History

The AI bubble won't crash. It'll just slowly empty your retirement account instead. SpaceX lost $4.9 billion last year. OpenAI won't be profitable until 2030. Anthropic is filing at nearly a trillion dollar valuation. All three are entering index funds your retirement account tracks automatically. The timeline is worth looking at. February 2026, Nasdaq opens consultation to change inclusion rules. May 1, Nasdaq implements new rules cutting the seasoning period from three months to 15 days. May 2

EU tech sovereignty may be ‘illusion’ as China, US dominate AI: Chinese expert

The EU’s concept of tech sovereignty may prove an “illusion” in a world where artificial intelligence is dominated by China and the US, a Chinese expert has argued, urging Beijing to seize the opportunity provided by Donald Trump to make its products “indispensable” to middle powers. The European Union rolled out its Technological Sovereignty Package last week in a bid to help the bloc become “a global leader” in artificial intelligence and protect its “digital independence”. The EU defined tech

To the people who are telling others "don't worry about your 401(k) because SpaceX is only going to be just 1% of your holdings"

You do realise that, after the rule changes made by the index controllers (like NASDAQ and FTSE), SpaceX is not going to be the only cash-burning company to suck exit liquidity from passive funds, right? We already have OpenAI and Anthropic waiting in the pipelines (and who knows how many other unprofitable companies whose insiders need to cash out), preparing to use the exact same playbook that SpaceX is now trying. How many "just 1%" hits should people be expected to tolerate for their investm

Meta reportedly begins dismantling $2 billion Manus deal on Beijing's orders

Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing's unprecedented order to hand back the Chinese-founded AI startup.

Is baby hungry, sleepy or just unhappy? These Japanese apps help interpret cries

Crying without a clear reason can be a major source of anxiety for parents. As families look for new ways to navigate the uncertainty of early childcare, Japanese developers are rolling out AI-powered tools designed to identify the possible causes of a baby’s distress. One of them is Babylingual, a free app released in March by Moto Numazawa, a 25-year-old father in the Kanagawa prefecture city of Chigasaki, near Tokyo. In late April, Numazawa held his smartphone up to his three-month-old son,..

A 0.9% index weight just triggered up to $1.75B in forced buying, and the stock dropped anyway

Index inclusion is one of the few genuinely scheduled events in markets. When a name gets added, every fund tracking that index has to buy it, on a known date, whether the manager likes the price or not. The Hang Seng Tech Index just added two Chinese AI companies, Zhipu and MiniMax, at a combined weight under 1%. Morgan Stanley still pegged the passive buying at roughly 1.25 to 1.75 billion dollars. A sub 1% weight pulling in that much non discretionary demand is the part people underestimate a

ChatGPT hits a billion monthly app users despite souring public AI sentiment

ChatGPT reached a billion monthly users in May despite growing unease over its ethical and environmental impacts.

TCS and Opendoor fuel worries over AI impacting India's tech jobs

Rocket Lab and these four stocks are joining the Nasdaq 100, with SpaceX waiting in the wings

The Nasdaq 100 could imminently include SpaceX, but first it’s getting a shakeup that will usher in another space-technology company and four flashy AI plays.

How Nvidia’s South Korean AI deals could fuel ‘the next industrial revolution’

A spate of agreements Nvidia has reached with South Korean companies presents a long-term road map for the country to expand its role in the semiconductor and physical AI industries, observers say. The most significant deal Nvidia CEO Jensen Huang made during his whirlwind three-day trip to Seoul that ended on Sunday was with SK Telecom to build AI infrastructure, including factories. An AI factory is a data centre running an end-to-end operational system that continuously collects and processes

Honeywell CEO says AI will 'redefine automation' as labor shortages mount

Honeywell CEO Vimal Kapur said AI is poised to "redefine automation" by helping companies turn operational data into actionable insights.

US lawmakers warn next revolution in AI race must be in America, not China

The United States must ensure the next chapter of responsible innovation is written in America, not in China, lawmakers and witnesses told a congressional hearing on Thursday as they sounded the alarm over US-China competition for global supremacy in artificial intelligence (AI). “Cyber security and national security must be taken seriously. The United States cannot afford to let China or any other adversary gain a technological edge in artificial intelligence,” said Tim Scott, chairman of the..

We asked AI to predict the 2026 World Cup winner. It picked a team that’s never won.

Some 2026 World Cup predictions from AI models are going against tradition to pick the underdogs. Here’s why.

Ex-Andreessen Horowitz partner slams his old firm, other VCs for 'political infiltration' around AI

John O'Farrell, former partner at Andreessen Horowitz, says the PAC Leading the Future, backed by his old firm, is trying to "intimidate politicians."

Healthy Returns: CVS Health executives on reducing healthcare's biggest pain points

CVS Health execs discuss how the company is using AI and other technologies to reduce administrative burdens and deliver more proactive care experiences.

Eaton moves one step closer to becoming a cleaner bet on the AI boom

Auto parts manufacturer Dana has agreed to combine with Eaton's Mobility business in a deal that values the unit at $5.1 billion.

The Reliability Crisis Utilities Don't Want to Talk About

What are the optics? AI centers are gobbling up power production, transmission space, and water. Transmission line expansion at a pitiable pace. A rush to build enough power plants. Forest fires burn lines and vice versa. The Trump administration plans to solve power shortages by cancelling windmill projects and subsidizing coal-fired power plants. (Why not quash the sales of electric vehicles by subsidizing horses? Just a question.) And, of course, in the meantime, pictures of utility executive