Morgan Stanley Opens Its Wealth Machine to AI Agents
The memo, when it came, was short and the implications were long. Morgan Stanley told its wealth management division that AI agents would be introduced into client outreach — the…
Jamie Dimon Takes SpaceX’s IPO Pitch to JPMorgan’s Richest Clients
Jamie Dimon will personally pitch SpaceX’s initial public offering to the bank’s wealthiest clients this month, a roadshow built around the lender’s branch network rather than the usual circuit of…
Microsoft and OpenAI, Once Allies, Now Rivals
Mustafa Suleyman, the executive Microsoft put in charge of its artificial intelligence business, has a simple message for the company’s employees, partners and competitors: Microsoft no longer needs OpenAI. “We…
Alphabet Raises $85 Billion to Fund Google’s AI Push
Alphabet has raised $85 billion for its Google AI business through the largest debt and financing package in the company’s history, a sum larger than the valuation of most AI…
Google’s Gemini Surpasses 2.5 Billion Users With AI Search Summaries
Google’s AI-powered search summaries have become the most widely used artificial intelligence product on earth, reaching 2.5 billion monthly users, according to an investor presentation Alphabet released this week. The…
TSMC Says It Can’t Keep Up With AI Demand
The world’s most important chipmaker has run out of polite ways to say no. TSMC, the Taiwanese foundry that manufactures the processors behind nearly every AI system in production, said…
Apple Doubles MacBook Neo Output After Demand Beats Forecasts
Apple’s cheapest MacBook in years has turned into one of the company’s fastest-selling products, prompting the Cupertino, Calif., company to double planned production of the $599 laptop to 10 million…
Apple Shelves Vision Pro Follow-Up, Pivots to Smart Glasses
Apple’s next headset will not be coming. The company has shelved plans for a follow-up to the Vision Pro, its $3,499 mixed-reality headset, and is redirecting its research and marketing…
ASML Becomes Europe’s Most Valuable Company on AI Chip Demand
ASML has become the most valuable company in European history. The Dutch maker of lithography machines, whose equipment is required to produce every advanced AI chip, has seen its market…
Anthropic Files to Go Public, Following OpenAI’s Lead
Anthropic, the AI company founded by Dario Amodei, has filed for an initial public offering, making it the second top-tier AI laboratory to seek a public listing after OpenAI. The…