Finance news

Trump’s Washington is suddenly moving toward taking stakes in AI companies. Will it actually happen?

President Donald Trump has joined other influential figures in talking about setting up U.S. taxpayers with ownership stakes in artificial-intelligence companies, but analysts aren’t sounding convinced that it’s likely in the near future.

How defense teams can scale AI without increasing data risk

[Sponsored] AI is expanding the mission data footprint across defense environments, increasing the need for scalable, layered data-at-rest (DAR) protection.

Trump memo on AI aims to avoid repeat of Anthropic debacle

The “National Security Presidential Memorandum” urges closer collaboration with AI companies — as long as they’re compliant with Pentagon demands — and orders a sweeping revision of Biden-era guardrails on military AI.

Nvidia's Jensen Huang charms South Korea, clinching AI factory deal with SK

Panasonic looks to quadruple AI-related sales with data center batteries

Japan to launch AI-run bioscience lab for 24-hour research

Silicon Valley’s new buyout playbook is hitting Wall Street

Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside.

Nuclear Reform Momentum Continues as Congress Eyes Faster Advanced Reactor Deployment

Congress is considering another round of nuclear licensing reforms aimed at making it faster and more efficient to deploy advanced reactors in the United States. The proposals build on the momentum of the ADVANCE Act and reflect a broader recognition that rising electricity demand from AI, data centers, domestic manufacturing, and electrification will require significant additions to reliable baseload power generation. Policymakers increasingly view advanced nuclear as a critical component of th

Corning shares jump 4% after company strikes deal to power Amazon AI data centers in U.S.

Amazon is the latest megacap company to announce a massive deal with Corning, which is rapidly becoming a critical player in the AI buildout.

Leaks and backdoors: China warns of security risks in relay services for foreign AI models

China’s national security authority has warned of risks in using “artificial intelligence relay services” that provide access to overseas AI models, highlighting concerns over data leaks, privacy breaches and unauthorised cross-border data transfers amid a thriving grey market for restricted foreign systems. In a notice on its official WeChat account on Monday, the Ministry of State Security (MSS) described such services as intermediaries between local developers and AI providers, aggregating...

Alibaba forges Token Foundry as it hammers AI ambitions into shape

Alibaba Group Holding on Monday established a new unit called Token Foundry, consolidating key model-development teams as the Chinese technology giant steps up efforts to commercialise artificial intelligence and align its businesses around a unified AI strategy. The new division brings together Alibaba’s Tongyi Lab and Future Life Lab and will be led directly by CEO Eddie Wu Yongming, according to people familiar with the matter. Future Life Lab, previously housed within Taobao and Tmall Group,

SpaceX, OpenAI and Anthropic: This is what's behind Trade Republic's IPO offensive

Trade Republic enables its customers to participate in the SpaceX IPO - and opens the door for further IPOs. But there are a few catches.

Hong Kong data centres outpace global average for carbon footprint: UN study

Hong Kong ranks among the world’s largest data centre hubs but has a carbon footprint exceeding the global average, according to a global think tank study, which calls for a responsible strategy to tackle the “unintended impacts” of using artificial intelligence (AI). The June report by the United Nations University Institute for Water, Environment and Health also quantified not only carbon but water and land footprints of electricity arising from the use of AI. The report is a call for using AI

Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index

Marvell rose in premarket trading after S&P Global said the AI chipmaker would join the S&P 500 on June 22.

Palladyne AI partners with IAI to bring Israeli Harpy, Harop drones to US

Palladyne plans to put new AI swarming software on the battle-proven Israeli drones and compete for contracts like the Army’s Long-Range Precision Munition (LRPM), CEO Ben Wolff told Breaking Defense.

China’s Xi Jinping arrives in a North Korea armed with advanced warships and AI drones

When Chinese President Xi Jinping arrived in Pyongyang on Monday, he was entering a country undergoing notable development in both its nuclear programme and conventional combat capacity. North Korea has been aided in these developments by Russian military technology and economic aid, which Pyongyang received in exchange for sending troops and equipment to support Moscow’s war in Ukraine. These advances could help Pyongyang threaten the balance of power against South Korea and the United...

Artificial intelligence: Microsoft is turning away from OpenAI – and relying on the super assistant

OpenAI made Microsoft an AI pioneer. Now the proximity becomes a burden. CEO Satya Nadella is looking for a way out.

Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies

Moonshot AI, the developer of China’s popular Kimi chatbot, is seeking to raise between US$1 billion and US$2 billion in a new funding round that could value the company at as much as US$30 billion, according to a person familiar with the matter, as competition among the country’s leading artificial intelligence developers intensifies. The Beijing-based company was targeting a valuation roughly 50 per cent higher than the US$20 billion it achieved in its previous financing round, completed in...

As AI upends humanity, we must focus on what makes us human

“When we graduate, what can we do?” As a philosophy professor, questions like this – about employability – often crop up in my conversations with students. Indeed, with youth unemployment on the Chinese mainland standing at almost 17 per cent, and intense competition among those seeking employment, it is no wonder that the priority for many – even students graduating from elite universities – is actually securing a job. The proliferation of artificial intelligence (AI) has only compounded such..

Japanese IT head says he made AI videos to smear Takaichi’s rivals during party poll

The head of a Japanese IT firm has said that he created videos criticising rivals of Prime Minister Sanae Takaichi in last year’s ruling Liberal Democratic Party (LDP) presidential race, after being asked by one of her aides to help her win the election. Ken Matsui, 33, said in a recent online interview that he was consulted by a secretary of Takaichi on how to “reverse” the lead of Shinjiro Koizumi, then a strong contender to win the LDP presidential election in October. “I proposed that...

Asia tech stocks extend sell-off with SoftBank down over 7% as investors sour on AI-linked names

Asian tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.

Just a reminder - AMZN was NOT included in SP500 for 8 years!

Since people are worried about unprofitable companies like SpaceX, OpenAI and Anthropic being fast tracked into Nasdaq, here is a reminder of when Amazon was added to NASDAQ100 and SP500 - Amazon Timeline - Amazon went public on May 15, 1997, at an initial public offering (IPO) price of $18.00 per share. Amazon was added to the NASDAQ100 index effective at the market open on December 21, 1998. Amazon reported its very first quarterly net profit ($5 million) in Q4 2001. Amazon joined the SP500 in

Nvidia strikes a new memory-chip deal — but SK Hynix and Samsung shares are under heavy pressure

South Korea’s once-hot Kospi index is headed for another day of sharp declines as the AI trade loses steam.

Reddit is the 2nd fastest-growing top-10 website

According to the latest top websites rankings from Semrush, Reddit is the 2nd fastest-growing among the top 10, behind GPT. Reddit is currently the 6th-largest site in the world, and the 5 ahead of it are the core of trillion-dollar companies (Google, Meta, and maybe OpenAI). At current growth rates, Reddit could soon become the 4th-largest site, behind Google, Youtube, and GPT. The hardest part of building a business is establishing the user base. Once that's done, monetization is much easier.

Why AI hyperscalers are now the epicenter of a bear case for stocks

In the near term, there are many mouths to feed and not enough to eat.

Tin demand for AI servers to triple by 2030, analyst says

S&P 500 a good buy rn? Al stocks?

Assuming SpaceX might cause a big dent in S&P 500 after everyone tries to sell post the three month IPO Mark , curious if S&P 500 is a good buy right now. Also, if thinking of investing in AI stocks, but Hearing about AI boom is scary. Feels like I’m missing out but also scary cuz AI valuation is so inflated. submitted by /u/SnooPredictions576 [link] [comments]

S&P 500 will not be fast tracking SpaceX entry into its index and it won't waive its rule for unprofitable AI companies

The June 4 decision means that SpaceX will not gain accelerated access to potentially billions more dollars through passive investment funds that automatically purchase shares of S&P 500 companies. Modifying the rules in response to SpaceX’s request could have also allowed leading AI companies such as OpenAI and Anthropic to gain entry not long after their own expected IPOs. That possibility has now been shuttered. As a primarily boglehead investor, this is the best news I've heard all week. htt

Some honest assessment of my investing strategy and why "steady but surely" beats "get rich now" if you're not devoted to trading

I've recently been dealing with a lot of stress due to losses trading and not timing the AI boom properly, leaving me not only in the red but relatively much worse than if I had just bought an indexed ETF following the general market. This led to me doing some assessment of how much money I would have made had I followed the wisdom of the crowd and not try to DYI my investments. I've held most of my NW in cash, around ~$200k because since 2022 I've been waiting for "The Big Crash" and doing taxe

Artificial intelligence: OpenAI turns ChatGPT into a super app

The AI ​​provider is facing a strategic realignment: ChatGPT is to have new functions. OpenAI wants to use this to drive business shortly before the IPO.