Market Brief
xAI Rebrands as SpaceXAI After Merger With SpaceX
Elon Musk's xAI has officially rebranded as SpaceXAI after merging with SpaceX, with the new name and logo announced on X.
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Elon Musk's xAI has officially rebranded as SpaceXAI after merging with SpaceX, with the new name and logo announced on X.
Samsung's operating profit jumped 19-fold in the second quarter as surging AI chip demand fueled one of the strongest earnings recoveries in the company's history.
Getty Images ended its planned merger with Shutterstock, sending shares of both companies lower as the deal collapsed.
AI spending by Alphabet, Amazon, Meta, Microsoft, and Oracle could exceed U.S. defense spending as a share of GDP by 2027.
AMPERA unveiled a full-scale 3D-printed thorium reactor module designed to deliver up to 30 MW of power for AI data centers.
Revolut will stop supporting USDT under the EU's MiCA regulation, requiring users to withdraw their holdings before August 31.
OpenAI is reportedly discussing a proposal that would give the U.S. government a 5% stake in the company, currently valued at roughly $42.6 billion.
Apple is reportedly losing the executive leading Vision Pro and smart glasses to OpenAI as competition for AI talent intensifies.
A senior Apple executive overseeing Vision Pro and smart glasses is reportedly leaving the company to join OpenAI.
Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company's shares.
Microsoft is heading for its worst month since 2000 as investors question whether its massive AI investments will generate adequate returns.
OpenAI is reportedly leaning toward delaying its IPO until 2027 as it continues expanding AI infrastructure and raising private capital.