Finance news

China's Nexchip has global ambitions as legacy chips thrive in AI's shadow

OpenAI power consolidates under co-founder Greg Brockman ahead of prospective IPO

With Fidji Simo's official departure from OpenAI due to a chronic medical issue, Greg Brockman's role has become clearer.

Apple sues OpenAI alleging trade secret theft, says scheme was 'at every level'

The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone's operating system.

How Apple stock rode the AI rollercoaster to record highs in 1 chart

Apple stayed true to itself in the AI race, and Wall Street is finally rewarding the stock for it.

Meta’s stock roars back to life as it heads for its best week in years

Investors are bullish on Meta’s new low-cost AI pricing and infrastructure plans.

Air Force pushing contractors to purge Anthropic by Sept. 1: Memo

The Pentagon’s new target is to remove Anthropic department-wide by end of September, even as the AI titan is suing the government to overturn it.

Renewed US-China AI dialogue serves American security interests: former officials

A new round of US-China dialogue on the risks of artificial intelligence, even just for the sake of dialogue, will be important for furthering US national security, according to former senior US officials responsible for China affairs. The assessment comes after the world’s two leading AI superpowers agreed to a new round of intergovernmental talks on AI safety following the Trump-Xi summit in Beijing in May, though few details about the dialogue have been announced. Jeannette Chu, one of the...

Traders fall back in love with Meta. Here's where bulls see it going

Meta Platform's AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.

Meta's stock heads for best week since early 2024 as optimism builds around AI strategy

Meta released two AI models this week as part of its new Muse Spark family, under the leadership of Alexandr Wang.

$26.5B for memory chips. good luck financing a copper mine.

Wall Street can still find money for AI very quickly. SK Hynix just raised about $26.5B in its U.S. listing, even after a pullback in chip stocks. That is a huge number, and it says investors still want exposure to the AI infrastructure chain. The slower part is everything underneath it. More chips mean more data centers, more power infrastructure, more substations, more transmission, more electrical equipment, and eventually more copper demand. AI capital can scale in quarters. Copper supply us

Fidji Simo: Top Open AI manager resigns

Fidji Simo came to the AI ​​company almost a year ago as a great hope. Why she is giving up her post now.

Chinese users praise OpenAI’s GPT-5.6 for efficiency, even at higher cost than local rivals

OpenAI’s latest GPT-5.6 release marks a growing emphasis on cost-efficiency, a move welcomed by some users in China who continue to access the blocked service via virtual private networks (VPNs) and third-party proxies, even as the artificial intelligence model remains more expensive than local rivals. The launch on Thursday introduced a trio of models tailored to different capabilities, speeds and price points: the flagship Sol, the balanced Terra and the lightweight Luna. According to OpenAI,.

China to head off AI-fuelled inequality by lifting salaries, narrowing pay gap

China has made income growth and the reform of its wage-distribution system a priority within broader efforts to cushion the domestic job market against the impact of artificial intelligence over the next five years. A new blueprint released by the Ministry of Human Resources and Social Security on Thursday laid out a detailed road map for the strategy, vowing to promote collective wage bargaining within the private sector, ensure steady wage growth, and tilt pay towards frontline...

New drone czar’s success hinges on personalities, Pentagon politics: Experts

Depending on who’s named to head the new drone-buying office, and how they handle the inevitable friction, said a former Pentagon AI chief, “it may turn out to be a master stroke … [or] it could end up looking like the F-35.”

The next frontier of AI: how ‘world models’ are simulating reality and virtual spaces

Artificial intelligence has spent years learning to generate words, images and videos. Now, the industry’s attention is shifting towards “world models” – AI systems designed to simulate how the physical or digital world changes over time. While the term was originally associated with physics simulations and robotics, a growing number of Chinese companies are applying the concept more broadly. The technology remains in its infancy, with little consensus on what a world model should ultimately...

AI Act: Federal Network Agency also takes over state supervision for AI

AI supervision in Germany is to be more centralized than previously planned: the federal and state governments want to pool responsibility. How the surprising agreement came about.

Why the stock market and economy may seem out of sync

The stock market has boomed on AI euphoria, while the trajectory of the U.S. economy has been more tepid, economists said.

Slumping AI stocks could be really good news for your nontech holdings, says market strategist

Katie Stockton, of Fairlead Strategies, said she is seeing strong buying momentum in the healthcare, industrial, biotech, insurance and utility sectors

The Tech Download: Teen social media bans miss a key part of the puzzle: AI chatbots

Teenagers are increasingly becoming dependent on AI chatbots, echoing a familiar problem with social media in the 2010s.

AI, data center fears could be key in closely watched Michigan Democratic Senate primary

Abdul El-Sayed and Rep. Haley Stevens will face off in the Michigan Democratic Senate primary on Aug. 4.

As AI spending concerns grow, here’s the bet to make ahead of critical stress test, says veteran Jefferies strategist

Pick and shovel stocks benefit from hyperscaler capex upfront, while those spending the money must wait years to find out if there will be a return on their investments

How AI is changing the nature of war and conflict

As US President Donald Trump flew home from a fractious Nato summit in Turkey, he was poised to resume the war with Iran, whose leaders he labelled “sick” and “scum”. Trump also complained about European leaders’ failure to spend enough on arms, support him in Iran and recognise the need for the US to take control of Greenland. The sense of rising global conflict has been palpable this week. What clearly showed at the summit of the transatlantic security alliance was confirmed by the latest...

Start-up of the week: “Individual cancer therapy”

StratifAI brings medical imaging data to oncology via AI. Would expert Anke Caßing invest?

SK Hynix’s US listing gives investors easier access, but does that justify a higher valuation?

I’ve been looking into SK Hynix because of all the hype around HBM and AI chips. The story makes sense: AI demand is strong, HBM is still a key bottleneck, and the US listing makes the stock much easier to access. What I’m not sure about is whether people are starting to pay a premium just for that convenience. If the ADR keeps trading above the Korean shares, are investors really paying for better growth, or just easier access and more hype? Do you see SK Hynix as a long-term AI winner, or stil

AI, science and the risks in China’s reliance on imported precision equipment

China’s reliance on imports for the most sophisticated scientific instruments could hold back the country’s use of AI in science, according to a leading Chinese researcher. Advanced equipment such as mass spectrometers was essential for generating the high-quality experimental data needed to develop, validate and improve advanced scientific models, Weinan E, a professor at Peking University’s mathematical sciences school, said at the “AI for Science” conference in Shanghai last week. “Without...

Can this bull market last forever?

Since 2023 the s&p has went up 84 percent which is insane for 3 years time. The united states cant afford another recession due to the debt the government owes so the fed will always cut rates to save the day which will cause inflation and inflation makes stocks inflate also. We are in a completely different era with how easy it is to invest on our smartphones and in the absence of pensions, 401ks are being automatically invested in with peoples paychecks so it props up the market. I feel like t

AI company: Top manager Fidji Simo leaves OpenAI after illness

The ex-Instacart boss was considered number two behind boss Sam Altman - and is now stepping down after a long illness. At the same time, OpenAI is going on the offensive with new offers for corporate customers.

ChatGPT inventor: Top manager Fidji Simo leaves OpenAI after illness

The ex-Instacart boss was considered number two behind boss Sam Altman - and is now stepping down after a long illness. At the same time, OpenAI is going on the offensive with new offers for corporate customers.

Japan's Taisei, Fanuc develop AI warehouse that doubles space efficiency

The Coming Power War That Will Define the AI Era

Every great economic era has been defined by a fight over a single resource. In the 19th century, it was coal, and the British Empire was built on top of it. In the 20th century, it was oil, and the modern Middle East and American postwar dominance were both shaped by who controlled the flow. In the early 21st century, semiconductors became the world’s most critical asset, sparking the rise of Taiwan, growing trade tensions with China, and the creation of several multi-trillion-dollar tech giant