Market Brief
SoftBank Posts Record AI-Driven Profit as AI Spending Soars
SoftBank posts record profit as AI investments surge, including a $30 billion increase in its stake in OpenAI.
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SoftBank posts record profit as AI investments surge, including a $30 billion increase in its stake in OpenAI.
Alphabet raises $20 billion in bonds to finance large-scale investments in artificial intelligence infrastructure.
Major tech firms pledge to pay for data center power infrastructure so U.S. households will not bear the cost.
The AI.com domain sells for a record $70 million to Chris Marshall for use in a new AI project.
AWS reports its fastest quarterly growth in more than three years, driven by enterprise cloud migration and rising AI demand.
Elon Musk becomes the first person ever to amass a net worth exceeding $850 billion.
SpaceX acquires xAI for $250 billion, valuing the combined business near $1 trillion with IPO estimates above $1.75 trillion.
Metropolitan Capital Bank & Trust becomes the first U.S. bank to fail in 2026 after regulators shut it down over capital and safety concerns.
ASML plans to cut 1,700 jobs to reduce management layers, even as AI-driven demand for its chipmaking tools remains strong.
Amazon is reportedly in talks to invest up to $50 billion in OpenAI as the AI firm seeks funding at an $830 billion valuation.
China authorizes the import of hundreds of thousands of Nvidia H200 AI chips for major domestic buyers.
Google agrees to a $135 million settlement over claims that Android transferred cellular data without adequate user consent.