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SAN FRANCISCO, Aug 5 (Reuters) - Amazon's Zoox will begin paid rides in Las Vegas next week, the company said on Wednesday, days after the U.S. road safety agency allowed commercial deployment of its
While seasoned hedge fund managers were quietly offloading their Microsoft shares, Bill Ackman made one of his biggest bets in years going the opposite direction, and he funded it by selling a stock that had nearly doubled.
One early proposal put the package at $36 billion, which would exceed the $35 billion deal closed roughly two months ago
SpaceX bears have taken over, with good reason.
Self-driving Ubers will be picking up passengers in London within weeks after Transport for London (TfL) awarded them a licence.
Morgan Stanley (MS) is leading a consortium of banks planning to refinance through bond sales $15 bi
Snap's stock has cratered while nearly a billion users keep scrolling, and that gap between price and audience has a handful of tech giants quietly doing the math. The catch is a pair of founders who may have no intention of answering the phone.
Comic book fans everywhere know that franchise's main maxim: With great power comes great responsibility. The pace and ambition of AI spending at Elon Musk's rocket company are something to behold. SpaceX spent $15.8 billion on AI in the second quarter, up from $7.7 billion in the first quarter, and up from $749 million in the second quarter of 2025.
(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families
Traders and investment bankers are reigning supreme on Wall Street, at least if you’re judging by their bonuses. The outsize rewards for traders and investment bankers seem all but guaranteed, with big banks raking in bumper profits this year from volatile markets and huge stock offerings, including the stock-market debut of Elon Musk’s SpaceX and Google parent Alphabet’s $80 billion equity financing. “Banks are leading the way for the first time in a while,” said Alan Johnson, founder and managing director of Johnson Associates.
Host Kenny Polcari joins Man Group Chief Market Strategist Kristina Hooper and Legato Financial CIO Ryan Kelly to debate the risks of massive AI CapEx spending and how a hawkish Federal Reserve could impact markets ahead of the midterms.
Investing.com - Chinese optical module makers control roughly two-thirds of global transceiver supply, and no Western alternative can absorb that volume within the next one to two years, Counterpoint Research warned — a finding that casts doubt on whether a proposed U.S. import ban can be executed without damaging the AI infrastructure buildout it is meant to protect.
Tesla and Waymo were just put on notice, with Amazon's Zoox receiving federal approval for its driverless vehicles. It will begin charging for its service soon.
(Bloomberg) -- A dramatic turnaround in technology stocks has powered a $3.5 trillion increase in the Nasdaq 100’s market capitalization in just four days, driven by strong earnings that have emboldened investors about the AI outlook.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealTaco Bell Met With Michigan on Parasite Weeks Before RecallBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersS
Dynatrace (NYSE:DT) announced new autonomous agents, a no-code agent builder, and more integrations within its Dynatrace Intelligence platform. Gremlin Inc. introduced a native resilience testing app that now runs directly inside the Dynatrace platform. Chandu Thota, a senior engineering executive from Google, was appointed to the Dynatrace Board of Directors. Dynatrace sits at the intersection of observability, application performance, and security for large enterprises. The latest...
About 12% a year for six years gets it done. The hard part is a $200 billion spending program.
The new framework, completed in recent days, is seen as most likely to affect OpenAI, Anthropic and Google.
SpaceX CEO Elon Musk said on Tuesday evening that SpaceX expects to generate $1 trillion in sales by 2030, up from prior projections of 2031. Second quarter sales were $7.8 billion. Currently, Wall Street projects $320 billion in revenue for 2030 for Elon Musk's rocket and AI company.
Moby summary of Chatham Lodging Trust's Q2 2026 earnings call
SpaceX plans to have annual recurring revenue of about $100 billion by the end of 2026, CFO Bret Johnsen said on Tuesday evening. All of the numbers associated with SpaceX are large. SpaceX raised roughly $110 billion in recent weeks, from its record-setting IPO and debt sale.
Independent ownership of Chrome "would open the distribution channel Google controls and allow Chrome to serve browser users when it makes privacy decisions," Public Knowledge says in a friend-of-the-court brief filed with the D.C. Circuit Court of Appeals.
SpaceX doubled its revenue compared to last year, according to its first quarterly earnings since going public in June.
On Friday, Alphabet Inc.’s Google said that it was temporarily disabling its AI image generator after users shared AI-generated images that appeared to violate the company’s policies. Google Earth AI Feature Put on Hold The tool, powered by Google’s Nano...
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