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
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
BusinessAndrej Kiska Jr. moves to Silicon Valley to build Kontext, targeting chatbot ads in the generative AI eraAndrej Kiska Jr., co‑founder of Credo Ventures, relocated with his family to Palo Alto in 2025 to launch Kontext, a startup that serves real‑time, in‑chat advertising for generative AI platforms.4 min read
BusinessThe average task value performed by Claude Code rose by 27% between October and AprilAccording to the company's comparison with freelance marketplace task costs, the financial value of the average workflow executed by Claude Code (Anthropic) increased by 27% between October and April.1 min read
BusinessWells Fargo raises S&P 500 year‑end target to 7,950, citing easing Iran tensions and strong corporate profitsWells Fargo raised its S&P 500 year‑end 2026 target to 7,950, up from 7,300, and boosted EPS forecasts after citing an easing of US–Iran tensions and solid corporate earnings.2 min read
BusinessSpaceX briefly surpasses Microsoft in market value following strong post-IPO rallySpaceX's shares jumped 13% on Tuesday, pushing the company's market capitalization to about $2.94 trillion and briefly overtaking Microsoft to become the fourth-most valuable U.S.2 min read
BusinessNvidia to Issue $20 Billion of Bonds in U.S. Market to Finance AI InfrastructureNvidia plans to sell $20 billion of bonds in the U.S.2 min read
BusinessU.S. stock market may see $1.5 trillion net share issuance over two years, reversing decades of buybacksAfter nearly two decades of net share count reduction through buybacks, Bloomberg and JPMorgan warn that U.S.2 min read
