Altman Declares AI Has Reached ‘Singularity’ as OpenAI Agent Attack Stirs Alarm
Sam Altman used a long essay on July 28 to declare that artificial intelligence has entered what he called the singularity, a state in which systems begin improving themselves. The…
SpaceX Shares Halve From IPO High as Cursor Deal Draws Investor Doubt
SpaceX’s stock has fallen about 50% from its post-IPO peak, wiping out roughly $1.2 trillion in market value, as investors question the company’s $60 billion acquisition of the AI coding…
Big Tech Earnings Week Opens as AI Spending Comes Under Scrutiny
The most closely watched earnings week of the year opens July 29, when Apple, Microsoft, Meta and Amazon report quarterly results within 48 hours of each other. The four companies,…
Goldman Sachs Tells Clients the Old Investment Rules Are Dead
For most of the last four decades, the arithmetic of investing was almost boringly dependable. Buy the dips. Trust the multiples. Assume rates drift lower. Add a few index funds,…
Elon Musk Loses $130 Billion in Five Days, Calls Himself a ‘Former Trillionaire’
The post went up on his social platform late in the week, in the jokey register he uses when the news is bad: a reference to himself as a “trillionaire,”…
Google Confirms Pixel 11 Price Rises as Memory Shortage Bites
The confirmation came without a number. Google said this month that its upcoming Pixel 11 series will carry higher prices because of the global shortage of DRAM and NAND flash…
Circle Buys IBM’s Blockchain Patents, Becomes Top Patent Holder in the Field
The transaction was announced without a price. Circle, the company behind the USDC stablecoin, said it has acquired IBM’s blockchain patent portfolio — nearly 1,000 patents — making it the…
Big Tech’s Earnings Week Arrives With AI Spending Under Scrutiny
The calendar does the talking this week. Apple reports its fiscal third quarter on July 30; Microsoft follows the same day with its fiscal fourth quarter; Meta and Amazon report…
Amazon and Microsoft’s $400 Billion AI Bet Tests Investor Patience
The cover line in Fortune put it bluntly: two companies, one question. Amazon and Microsoft have committed more than $400 billion in combined capital spending to AI infrastructure, the magazine’s…
SpaceX Stock Has Fallen 51% From Its Post-IPO Peak. Not Even Starship Helped
The launch went almost perfectly. Starship’s thirteenth test flight executed its profile with what observers called a near-flawless performance — booster recovery, stage separation, all the drama that usually moves…
