Firmus, an Nvidia-backed synthetic intelligence (AI) infrastructure agency, raised $2 billion in a totally subscribed fairness spherical, lifting its valuation above $10.5 billion. The spherical closed as NVIDIA (NVDA) shares traded inside about $13 of their all-time high. The elevate is the most recent in a string of multibillion-dollar commitments tied to Nvidia’s ecosystem. For…
China’s exports rose 23.9% in July from a 12 months earlier, beating analyst forecasts. A worldwide buildout of synthetic intelligence (AI) infrastructure lifted demand for the nation’s chips and high-tech items. The positive factors stored the world’s second-largest financial system on monitor by a 12 months of commerce shocks. Yet, additionally they spotlight the break…
Michael Saylor says he used ChatGPT to assist design a Bitcoin (BTC)-backed most popular inventory. It raised over $15 billion for Strategy, a monetary instrument no one in historical past had constructed earlier than. Speaking with Steven Bartlett on The Diary of a CEO, Saylor additionally defended a latest Bitcoin sale. He then doubled down…
Elon Musk introduced Terafab, a Texas chip manufacturing facility that Tesla and SpaceX will construct collectively. The plant will manufacture semiconductors for synthetic intelligence and robotics. Musk stated Terafab Texas would change into the most useful constructing on Earth by far. Tesla and SpaceX plan to take a position $16.8 billion to begin building. Total…
Fundstrat’s Tom Lee mentioned on CNBC he expects the S&P 500 to succeed in 7,900 to eight,000 this month. He additionally named Ethereum as an sudden chief of the subsequent leg greater, alongside the Magnificent Seven and software program shares. Lee’s case for an August breakout Lee said a deleveraging occasion a number of weeks…
Jeff Bezos filed to promote 15 million Amazon shares value $4.07 billion this week, in a sale that traces again to a buying and selling plan he adopted eight and a half months earlier. The submitting landed a day after Amazon’s inventory crossed a $3 trillion market cap on sturdy earnings, elevating a number of…
Giving AI the power to spend your cash – are we already there? An AI agent can now guide a flight, renew software program, or buy computing energy for a enterprise. The subsequent step is permitting that agent to finish the fee by itself. That shift is already underway. Coinbase’s x402 protocol has processed 109.6…
Artificial intelligence (AI) has stopped being a expertise story in Southeast Asia and has develop into an financial development engine, based on United Overseas Bank (UOB) executives talking on the ASEAN Conference 2026. The alternative lies much less in adopting AI instruments than in constructing the bodily infrastructure that makes them potential. Where the Data…
A viral chart evaluating the S&P 500’s present trajectory with that of the late Nineteen Nineties has reignited debate over whether or not enthusiasm for synthetic intelligence is inflating a basic market bubble. The index retains setting information in 2026, and analysts disagree sharply on what that sample truly alerts. S&P 500 Index (SPX) –…
Nikita Bier becoming a member of OpenAI grew to become a quick, viral rumor on August 6, simply hours after he confirmed he was leaving X. OpenAI Codex lead Andrew Ambrosino triggered the chatter, then defused it throughout the identical breath. Ambrosino posted that Bier had joined the Codex staff, a nod to Codex, OpenAI’s…