Capital expenditures—capex, meaning the big-ticket purchases that fund the data centers, servers, and power infrastructure undergirding the AI …
There’s a hot new sector fueling the stock market this year but you won’t find it on any official market trackers. Portfolio managers are calling it “memi”—a portmanteau of “memory” and “semiconductors” (known as …
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More drops for technology stocks weighed on Wall Street Wednesday. The S&P 500 fell 0.5% for its fifth …
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Business
Scott Galloway predicts OpenAI could pull its IPO amid AI ‘vibe shift’ as investors ‘gag’ on Trump proximity, questionable revenue
Despite industry forecasts for a blockbuster resurgence in initial public offerings in the coming year, NYU Stern marketing …
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Business
PepsiCo is cutting prices for snacks like Doritos by ‘up to 15%’ to appease customers pinched by the K-shaped economy
After years of price hikes and numerous complaints, PepsiCo is finally listening to its customers. The maker of …
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Business
Why United Rentals’ CTO tried to break his own AI agent before giving it to thousands of employees
When Tony Leopold, the chief technology and strategy officer at United Rentals, held a hackathon to test out …
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Business
Philippines’ first male Olympic gold medalist in history was given a fully furnished $555,000 condo to go with his medals
Philippines gymnast Carlos Yulo made history as the country’s first-ever male Olympic gold medalist when he won the …
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Business
Former Cohere exec Sara Hooker has raised $50 million for her AI startup Adaption Labs—a bet on smaller, smarter models
Sara Hooker, an AI researcher and advocate for cheaper AI systems that use less computing power, is hanging …
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Business
Kleiner Perkins’s Leigh Marie Braswell learned about risk from playing poker: “If the odds are in your favor, you push your chips to the center”
Leigh Marie Braswell likes a game of risk, particularly if it’s a game of math. Braswell grew up …
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Business
Crypto crime-fighting startup TRM Labs notches $1 billion valuation with new $70 million funding round
When TRM Labs cofounders Esteban Castaño and Rahul Raina moved to San Francisco in 2018 to create a …
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Business
Palantir CEO Alex Karp says Trump has a point about the AI race: ‘there’s a real hesitance to adopt these kind of products in the West’
Palantir’s fourth-quarter earnings call turned into a geopolitical broadside as CEO Alexander Karp blasted Canada and much of …
