AI Selloff Drives Quant Funds' Worst Performance Since August
Quantitative hedge funds suffered their worst performance in nearly a year during the first week of July, as a sharp selloff in artificial...
Meta to Begin Manufacturing Its Own AI Chip in September, Memo Shows
Meta Platforms will begin manufacturing its own artificial intelligence chip in September, according to an internal memo reviewed by Reute...
OpenAI Launches ChatGPT Work Super App as Enterprise AI Rivalry With Anthropic Intensifies
OpenAI on Wednesday launched ChatGPT Work, a long-awaited "super app" that consolidates coding tools, autonomous agents, and ent...
Anthropic Finds Claude Developed Its Own Internal Working Memory During Training
Anthropic researchers have discovered that Claude, their flagship language model, spontaneously developed an internal working memory syste...
Chinese AI Models Are Quietly Winning Over American Companies With Dramatic Cost Savings
Chinese AI models from companies like DeepSeek and Z.ai are gaining rapid traction among U.S. businesses, driven by pricing that runs 60 t...
SpaceX Draws Wall Street's Adulation as Post-IPO Research Coverage Begins With Bold Price Targets
Wall Street's biggest brokerages initiated coverage of SpaceX on Tuesday, with the majority issuing buy ratings and at least one analy...
The AI Trade Is Losing Steam as Infrastructure Boom Faces a Reality Check
One of the market's most dominant investment themes — the bet that artificial intelligence infrastructure spending would drive outsize...
SEC to Propose New Crypto Rule This Month Aimed at Easing Fundraising for Startups
The U.S. Securities and Exchange Commission is preparing to propose a new crypto-specific rule as early as this month, according to an upd...
Vanguard Opens Search for Digital Assets Leader as It Reassesses Crypto Strategy
Vanguard, the $9 trillion asset management giant long known for its skepticism of cryptocurrency, is recruiting a head of digital assets —...
Zcash Surges 17% as Privacy Coin Demand Rises Amid Growing Financial Surveillance Concerns
Zcash, the privacy-focused cryptocurrency that uses zero-knowledge proofs to shield transaction details, has surged more than 17% over the...
Hyperliquid's HYPE Token Surges 11.6% as Decentralized Derivatives Exchange Gains Ground
Hyperliquid's HYPE token surged 11.6% in 24 hours on Tuesday, extending a weekly gain of more than 24% as the decentralized exchange...
Wall Street Drops Sharply as Tech and Discretionary Stocks Lead Broad Selloff
Wall Street closed sharply lower on Monday as technology and consumer discretionary stocks led a broad selloff that erased gains from the ...