Reddit Joins the S&P 500, and Its Shares Jump More Than 11%
The announcement came Aug. 14 from S&P Dow Jones Indices, and the market responded in a single word: demand. Reddit’s shares rose more than 11 percent on the day the…
Google Ships Gemini 3.7 Flash Three Weeks After Its Predecessor
The release cadence has become the product. Google announced Gemini 3.7 Flash on Aug. 13, just three weeks after the previous version, Gemini 3.6 Flash, and the company is not…
OpenAI’s New ‘Ultrafast’ Mode Runs GPT-5.6 at 14 Times Normal Speed
The complaint from enterprise customers has been consistent for two years: the models are powerful, but they are slow. OpenAI addressed that complaint head-on on Aug. 13, introducing an Ultrafast…
Tesla’s Roadster, a Decade Late, May Finally Debut This Month With Rocket Thrusters
The prototype was unveiled in 2017, a sleek two-seater that Tesla promised would be the fastest production car ever made. Nearly ten years later, the car still has not shipped.…
Exchanges Race to Build a Futures Market for Computing Power
Two of America’s derivatives exchanges are building futures markets for computing power, and a third has said it will offer a regulated contract of its own. Kalshi and CBOE are…
Norway’s Sovereign Fund Posts $185 Billion Gain, CEO Warns of Harder Times
The Norwegian sovereign wealth fund, the largest in the world, earned $185 billion in the first half of 2026, a gain driven heavily by its holdings in semiconductor companies, CNBC…
Enterprise AI Firm Thrive Holdings Raises $2 Billion
Thrive Holdings, a company that brings artificial intelligence into the core operations of large businesses, said it completed a $2 billion funding round on Aug. 12. The company sits squarely…
Oracle Plans Another Round of Layoffs as AI Spending Bites
Oracle is preparing another round of layoffs before the start of its next fiscal quarter, The Next Web reported on Aug. 13, citing people familiar with the company’s plans. The…
Lovable Raises $400 Million as Tencent Backs European AI
Lovable, the Swedish startup that lets people build software by describing it in plain language, has closed a $400 million Series C round at a $13.3 billion valuation, TechCrunch confirmed…
SK Hynix to Break Ground on Indiana Plant as Labor Talks Stall at Home
SK Hynix will hold a groundbreaking ceremony on Aug. 27 for its chip packaging plant in West Lafayette, Indiana, the Korean memory maker said, moving forward with a roughly $3.9…
