BusinessAlphabet shares fall after key AI researchers depart and investors question AI returnsAlphabet's stock fell nearly 7% at the start of Monday trading amid investor concern over recent departures of prominent AI researchers and doubts about the returns on massive AI investments.2 min read
BusinessSpaceX announces bond sale as shares dip after IPO surgeSpaceX has announced its first issuance of unsecured bonds, aiming to raise roughly $20 billion to repay bridge financing tied to its recent IPO and for general corporate purposes.2 min read
BusinessSantander to Expand AI Access to All 185,000 Employees, Expects Over €200M Annual BenefitSantander plans to extend access to its AI tools from about 40,000 employees to its entire 185,000-strong workforce, expecting the technology to deliver more than €200 million in value this year.3 min read
BusinessSamsung Electronics rolls out ChatGPT Enterprise and Codex company-wide for DX division and KoreaSamsung Electronics is deploying OpenAI’s ChatGPT Enterprise and Codex to all employees in Korea and to its global Device eXperience (DX) division, in one of OpenAI’s largest enterprise rollouts.3 min read
BusinessGoogle escalates TPU sales to challenge Nvidia's AI-chip dominanceGoogle has moved from using its in-house Tensor Processing Units (TPUs) only for internal AI workloads to actively selling them to external customers, seeking to erode Nvidia's dominant position in the AI-chip market.3 min read
BusinessAllbirds renames itself Smartbird, pivots to AI compute under new CEO Nadia CarlstenAllbirds, the sustainable sneaker maker that went public at a $4 billion valuation in 2021, announced on Wednesday that it has renamed itself Smartbird and appointed former AWS executive Nadia Carlsten as CEO.2 min read
BusinessOpenAI launches partner network, targets consultant-driven deployment revenueOn June 14, OpenAI announced a Partner Network with a $150 million commitment to certify 300,000 consultants by the end of 2026 and recruited major consultancies including McKinsey, BCG, Bain, Accenture, and PwC.3 min read
BusinessBorder to Coast trims US equity exposure over tech concentration risksBorder to Coast Pensions Partnership (B2C), which manages about £120 billion of local government pension assets, is reducing the weight of its US equity exposure by up to 10% because of concerns over concentration in a few large technology firms.2 min read
BusinessAllbirds rebrands as Smartbird and names Nadia Carlsten to lead AI infrastructure pushAllbirds said it will operate under the name Smartbird and appointed Nadia Carlsten as CEO to accelerate its shift into AI infrastructure.2 min read
BusinessJeff Bezos Says AI Could Trigger Labor Shortages, Unveils Prometheus Startup and Outlines Space Plans at VivaTechAt the VivaTech conference in Paris, Jeff Bezos argued that artificial intelligence will remove barriers to work and likely create labor shortages rather than mass unemployment.2 min read
BusinessSpaceX buys Cursor maker Anysphere for $60B days after its $75B IPOFour days after SpaceX completed a record $75 billion IPO, it agreed to acquire Anysphere—the developer of the AI coding tool Cursor—for $60 billion in stock.2 min read
BusinessHSBC forges multi-year AI partnership with Google Cloud, plans AI deployment in about 200 rolesHSBC has signed a multi-year strategic partnership with Google Cloud to accelerate the bank’s artificial intelligence capabilities, the bank said on Wednesday.1 min read
