Google Pulls AI Satellite Imagery After a Day
Google switched on a feature that let users generate AI-created satellite images inside Google Earth, and then switched it off 24 hours later. The company disabled the tool on July…
A 24-Year-Old’s AI Fund Unwinds After July’s Selloff
The hedge fund that made Leopold Aschenbrenner the most famous 24-year-old in artificial intelligence has sold most of its public stock positions to Citadel, according to people familiar with the…
Microsoft’s Record Quarter Comes With a Heavier Bill for the Future
Investors parsed Microsoft’s fiscal fourth-quarter results on Thursday with unusual care, and the number that drew the most attention was not revenue. It was a figure buried in the company’s…
Tesla Hovers Near the $1 Trillion Line as Short Sellers Circle
The round number has held, for now. Tesla’s market value dipped below $1 trillion during trading last Friday, the first time in months, as shares fell to an intraday low…
Microsoft and Meta Face a Record Options Swing as AI Bills Come Due
The options market has priced a move worth about $190 billion in Microsoft’s market value for Wednesday evening, the largest single-company earnings swing on record. Reuters, citing data from Option…
Big Tech’s Earnings Week Arrives With AI Spending Under Scrutiny
The calendar does the talking this week. Apple reports its fiscal third quarter on July 30; Microsoft follows the same day with its fiscal fourth quarter; Meta and Amazon report…
Meta Shares Down Nearly 10% This Year as Q2 Report Approaches
The stock chart tells the story of the year so far: Meta Platforms shares have fallen almost 10 percent since January, a slide that has left the company trailing most…
Tariffs on 60 Economies Send Global Markets Lower
The new round of tariffs took effect on July 24, and the world’s markets moved in unison: down. Brent crude climbed past $100 a barrel. The Dow Jones Industrial Average…
Starship’s 13th Flight Test Delayed by Storm
Tropical Storm Bertha, churning through the Gulf of Mexico, forced SpaceX to postpone the thirteenth test flight of its Starship rocket, and the company rescheduled the launch for Friday, July…
Meta Quits RE100, Turns to Gas for AI Power
Meta has left RE100, the global coalition of companies pledged to buy only renewable electricity, and plans to build a 7.5-gigawatt natural gas power facility in Louisiana to feed its…
