CoreWeave stock surges after revenue doubles, earnings beat on AI infrastructure demand
The AI cloud provider topped expectations and touted an inflection point, but carries $35 billion in debt.
MarketWatch.com · +14 outlets
Riot Platforms strikes $9 billion, 20-year AI compute deal with Anthropic
The deal signals bitcoin miners shifting infrastructure toward AI, fueling speculation about an Anthropic IPO.
US Top News and Analysis · +14 outlets
Oil rises above $83 as Iran says Strait of Hormuz won't open until conditions met
Oil prices swing as Middle East tensions persist; markets shrug off risks even as Vix falls to prewar levels.
US Top News and Analysis · +14 outlets
OpenAI executive Brad Lightcap departs, latest in series of AI lab leadership exits
Lightcap leaves as OpenAI shakes up leadership amid IPO plans, following a pattern of high-level departures.
US Top News and Analysis · +12 outlets
Intel upsizes stock offering to $20 billion at $95 per share to fund AI buildout
The chipmaker taps equity markets as tech giants race to spend trillions on AI infrastructure.
US Top News and Analysis · +14 outlets
Lumentum sales more than double on AI demand, stock flat after hours
Blowout earnings and an upbeat forecast underscore how optical components benefit from AI infrastructure spending.
MarketWatch.com · +12 outlets
Nvidia CEO Jensen Huang pitches GPUs as collateral to unlock $500 billion in AI financing
Wall Street endorses the concept but questions remain about chip depreciation and China risk.
US Top News and Analysis · +9 outlets
Super Micro stock climbs as earnings forecast exceeds expectations
The server maker's latest outlook builds on an improved profitability trajectory that earlier impressed Wall Street.
MarketWatch.com · +14 outlets
Oracle plans new round of layoffs this month amid AI infrastructure debt buildup, sources say
Oracle reduces payroll while racking up billions in debt to fund AI spending, with analysts citing lack of clarity on future plans.
All Content from Business Insider · +14 outlets
CME launches AI compute futures contracts, making computing power a tradable asset
The exchange partners with Silicon Data to introduce futures on H100 and B200 chips starting Oct. 5.
US Top News and Analysis · +14 outlets
Bitcoin miner Riot Platforms deal raises speculation about Anthropic IPO
The $9.1 billion compute deal between Riot and Anthropic fuels market speculation about an Anthropic public listing.
US Top News and Analysis · +3 outlets
Manus to return as independent company after China forces Meta to unwind $2 billion deal
Meta's plan to acquire the AI startup was blocked by Chinese regulators, sending the company back to independence.
US Top News and Analysis · +14 outlets
OpenAI employees use friction@openai.com inbox to bypass bureaucracy and reach Sam Altman
The internal email system lets senior leadership see on-the-ground issues from parking to technical roadblocks.
Fortune
Former OpenAI executive Kevin Weil seeks at least $750 million valuation for AI science startup
Weil, OpenAI's former chief product officer, is raising funds for a new venture focused on AI-driven scientific discovery.
All Content from Business Insider · +2 outlets
Trump administration ends Medicaid and CHIP funding for gender-affirming care for children
Federal dollars in the two health insurance programs will not cover such treatments, though states may still do so.
US Top News and Analysis · +14 outlets
Credit card debt hits $1.26 trillion as K-shaped divide persists, New York Fed reports
Household credit card balances continue to rise midyear, reflecting a widening economic split among consumers.
US Top News and Analysis · +4 outlets
Trump's media and crypto firm posts $238 million quarterly loss
Bitcoin price declines and merger-related legal costs drove the loss, prompting a push into new businesses.
Fortune · +14 outlets
DoorDash plans to move incorporation from Delaware to Nevada
Shareholders and cofounders back the strategic legal shift as more companies reconsider Delaware incorporation.
All Content from Business Insider · +3 outlets