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SpaceX AI spending unnerves Wall Street despite promising quick payoff
The SpaceX headquarters is seen on Monday, Aug. 3, 2026 in Hawthorne, CA. Eric Thayer | Los Angeles Times | Getty ImagesAfter SpaceX spent way more on its AI buildout than analysts expected, executives tried to convince investors on…
Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call
Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s…
Palantir stock rises 30% on soaring commercial revenue, AI sovereignty
Palantir CEO Alex Karp speaks during an interview on July 27, 2026 in New York City.John Lamparski | Getty ImagesPalantir stock skyrocketed 30% on Tuesday after the company reported "otherworldly" second-quarter earnings driven by…
After killer quarter, Palantir CEO Alex Karp calls AI industry ‘Marxist’
Palantir CEO Alex Karp on Monday once again warned that AI frontier labs are too untrustworthy for enterprises.
The CEO, who famously studied philosophy and earned a PhD in social theory, implied in Palantir’s quarterly shareholder…
Anthropic, OpenAI among firms facing new EU AI Act enforcement powers
The European Union gained new powers to inspect AI models, restrict EU market access and fine model providers, raising the stakes for U.S. companies like Anthropic and OpenAI and Google.Under the powers that came into effect on Sunday,…
Jim Cramer says Wall Street’s latest trading trend is creating buying opportunities
CNBC's Jim Cramer on Monday said Wall Street's "basket trades" during the Iran war are distorting stock prices, urging investors to use the dislocations to their advantage. "The best thing? They create real opportunities, as the stocks…
AWS is helping vibe-coding startup Superblocks, and the implications are big
Vibe coding startup Superblocks announced a multi-year joint marketing agreement with Amazon Web Services (AWS) that enables its tool to be embedded within the private clouds of AWS customers.
That means an enterprise on AWS that…
5 things to know before the stock market opens Friday
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. Microsoft added nearly $450 billion to its market cap yesterday as the stock climbed 15% — its best day since 2008.Stock…
The global memory shortage hits the MacBook Air
The global memory chip shortage is affecting the availability of Apple’s most popular Mac, according to Bloomberg’s Mark Gurman.
Gurman said the shortage — caused by the demands of chip-hungry AI companies — had already affected…
New details in OpenAI Hugging Face hack show how far agents will go
OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC.Anna Moneymaker | Getty ImagesOpenAI said the rogue models that breached Hugging Face's internal systems also used publicly…
U.S. lawmakers request information from DoorDash on use of Chinese AI
A DoorDash bag in the Brooklyn borough of New York, US, on Thursday, Jan. 15, 2026. Michael Nagle | Bloomberg | Getty ImagesU.S. lawmakers have requested information from food delivery company DoorDash on its use of Chinese artificial…
Malaysia is reportedly shutting down Balaji Srinivasan’s Network School
The Malaysian government has ordered the shutdown of a startup-centric community called the Network School, according to The Wall Street Journal.
Billing itself as “a frontier community for techno-optimists,” the Network School…
Coinbase shares fall after crypto exchange posts disappointing second-quarter results
Jakub Porzycki | Nurphoto | Getty ImagesCoinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a…
Judge denies xAI’s request to block Minnesota ban on ‘nudify’ apps
Despite a lawsuit from xAI, a Minnesota ban on apps that allow users to “nudify” images can move forward, according to NBC News.
U.S. District Judge Donovan Frank’s ruling focused as much on the timing of xAI’s lawsuit as on the…
Tech’s pricey AI buildout: Dwindling cash and soaring memory costs
Almost four years into the artificial intelligence boom, the world's biggest tech companies are still making grand promises about the future. The problem is, they're burning through their cash in the process. AI spending among the…
Alphabet, Amazon and Microsoft added $1.5T in combined value this week
Wall Street is growing increasingly divided over AI's winners and losers after the world's largest technology companies reported earnings and affirmed or raised their capex forecasts, suggesting the spending spree isn't letting up yet.…
Sam Altman is still making the case for parenting via ChatGPT
OpenAI CEO Sam Altman seemed excited to share what he called a “cool use case” on Friday, posting that parents could “connect your family calendars and explain your kids’ interests” to the company’s new product ChatGPT Work, then “every…
Leopold Aschenbrenner Situational Awareness fund: $45B to fire sale
Leopold AschenbrennerPhoto: Josh EdelsonTwo years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.In a sprawling, 165-page essay that became required reading in Silicon Valley, the…