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US Treasury Secretary Bessent dismisses AI bubble fears

Bessent shrugged off the possibility of “systemic” economic risks stemming from the AI...

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SpaceX $40 billion debt deal gets pricey as AI fears spread

Musk is trying to raise money to fund a massive expansion in chips, data centers.

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Elon Musk makes $1 billion investment in Ellison’s Skydance

Skydance has tapped equity investments from an array of sources, including Middle East sovereign...

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Meta plans nonvoting shares, eyeing more stock sales to fund its AI dreams

The company plans to offer new stock that wouldn’t dilute Mark Zuckerberg’s control...

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Meta shifts policy chief ahead of US midterm elections

Meta’s Republican policy chief Joel Kaplan announced his departure just ahead of a projected...

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The AI boom doesn’t answer to the Fed

AI giants keep borrowing as rates rise, blunting the central bank’s main tool against...

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Musk to gift SpaceX shares to American children

The billionaire’s gift could be worth roughly $10.8 billion and amount to approximately 1% of...

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Demand for AI experts brings deepfakes and chatbot impostors

Expert networks are devising strategies to test for authenticity, like additional screening and ID...

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UK and EU consider coordination on China tariffs

The UK said it was prepared to align its tariffs on Chinese EVs with the EU’s, delivering a...

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The cost of insuring against AI company defaults spikes

Investors are buying up credit default swaps to protect against default by highly indebted...

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The AI boom's next bottleneck is money, not chips

The fear and exasperation among the lenders whose money fuels the AI boom is sharpening noticeably.

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